/biz/ - Business & Finance

>>54772544
bump

>>54772544
if you have too many lines of credit open at once, banks can and will deny you. Cancel some and then go back in and apply for others, they think you're prepping to buy a bunch of monero before disappearing.
>t. ex-"credit associate" at a pretty large bank

>>54772544
Can you try checking/savings account reward flipping as an alternative? Like citi bank is doing some checking reward now. You need actual cash for it to work though.
>banks getting desperate for deposits

>>54772723
what if i ask for many credit cards at once /the same day?

somebody told me once i gotta to this because it takes several days for databases to put that banks tried to check your credit history or something

>>54772544
How much you gain monthly by doing this? Thinking about going full fuck it mode.

>>54772723
Not true. Problem is that OP has too many inquiries. Fuckin' cool down and wait a year or two, OP. I did this back in 2018 and then cycled out of credit card debt after waiting a year and paying it off with collateralized loans. I then have since paid off the collateralized loans and can borrow another $50k to $90k once again.

Next time OP applies to cards, after the credit inquiries fall off, he should apply to many all in the same day.

>>54772819
How did you paid off the loans and what was the collateral? What's the point of getting into consumer debt when u plan on paying it?

>>54772544
I have 2 credit cards that are about 70% utilized that I pay every month. How come I can't get accepted for more limit or more cards?

>>54772844
Lie and say u earn 300k a year (they don't check)

>>54772787
This is the way yes.

>>54772819
Also this.

>>54775508
This. Found out when I had a high salary, they don't ask for proof.

If you're really gonna burn all bridges, buy a shitload of expensive phones with phone plans, and when they arrive don't open them just sell them. That's what all the terrorists do then they fuck off back to MENA and are never seen again.

>>54772819
>Not true. Problem is that OP has too many inquiries.

so is this the way yes or not?>>54772787
>>54775528

>>54775666
too many CONSECUTIVE inquiries. If you wait a while and then submit a shitload of applications in the same day, then they will usually all be approved.

>>54775575
You can just buy gold bullion, anon.
>>54772723
Opinions on debtmaxxing?

>>54775716
Good idea, but then you have to worry about border crossings, so crypto would be better.

>>54775742
*Specifically Monero

>>54775742
border crossings are fine as long as you buy government minted coins, since they have a face value. For example, consider pic related which has a face value of $50 USD. As long as the total face values of the coins you buy is under the limit you are ok. This and "jewelry" are how people export their wealth.

>>54775508
>>54775547
Apparently they check with the credit companies and can see your employment and salary history. But I'll try to just lie a little and see if they check. I just want more credit to hold me over until I get my next job

>>54775903
They see what income you filed on your taxes the previous year, that's all.

>>54775799
The countries you try to enter may diiffer though.