A totally hypothetical question

sfax

If you started trying to take a lot of cash out on your credit cards, it's likely alarm bells would ring and they would block further cash advances. Some cards have cash advance limits set as a % of your actual credit limit too (I think)

UsernameAlreadyExists

stephane wrote: »

Reasonable & interesting question....I am interested!! In what way??

Reasonable in that he didn't know the answer and is perfectly entitled to ask it.

Interesting in that I didn't know the answer either and now I do.

It's no different to asking "what's the average sentence for bank robbery"? He's already made it perfectly clear he has no need or desire to do it, but he'd like to know the consequence.

Now get off your moral high horse

bigadaj

Distinct lack of imagination on the loans board.

This question is surely an extension of that report on banks being told not to enforce charging orders for unsecured debt, in which case the OPs suggestion could be undertaken with impunity.

_Andy_

stephane wrote: »

trets77 wrote: »

So if you are so perfect....again why do you ask? It's not a question of not knowing how these things works....forget about it and ask more meaningful questions.

The OP can ask what they want. Why does it matter why they ask? They stated in first post they're not intending to do it. Doesn't make it 'meaningless'

jonesMUFCforever

Tretts it is quite an easy procedure to check land registry records and they will investigate you for deprivation of assets and as others have posted they will put a charging order over the house.

When sold it would then be up to a judge to decide if you had to pay it back. Personally I don't fancy your chances of getting away with it.

trets77

And now we have a debate and a conversation.

Miss High horse (stephane) will not like that at all !!!

What do you think this is people? a free country with free speech?

now talk about something Stephane thinks is Meaningfull or i will have to get shirty.

I find actually quite worrying that the Credit Card companies gave me so much credit. i only got one of them to stooze the BMI miles (they are now BA miles) yet they gave me a 20K limit. Another one for the free cash on holiday and i got 10K for that one. Yet another was for the cash back and that one has 10K as well.

Oh and miss high horse on those three card i owe exactly zero

. I might follow you around on the MSE forum for a week and see if you like to sit in judgment on other threads as well.

dalesrider

trets77 wrote: »

why ask anything you don't know anything about. .

Isn't that the whole point of a question, to find the answer to a unknown.

Not sure its the best question to pose, but its a dammed interesting one.
Which I'm sure one or two people have tried in the past.

meer53

stephane wrote: »

If you have no intention of doing anything like that....why do you ask? Walk on.....!

If people don't ask questions about things they don't understand, how will they ever learn ?

I don't intend to make any trips into outer space but i still like to know how it's done. Should i walk on too ?

michaels

On a similar vein - I always think if someone is in a debt hole where the only answe ris bankruptcy then the ymight as well dig it is deep as they can on non-returnable items before the innevitable.

I wonder if the same is true for countries?!

callum9999

Eonel wrote: »

This would be hypothetical fraud, and if identified by the credit card companies you could be prosecuted. You would still have to pay the unsecured debt, and would have no further access to credit as you would have a fraud marker on your credit record. You would likely end up having to sell your house to pay the unsecured debt.

How exactly is it "fraud"?