Getting loans.. (WAY off topic)

[xxalexx at ix.netcom.com]

How would this work with credit cards?
I just got sent some low interest convience checks.
Since I work on call no steady income I have at times
transfered funds around rather quickly, last time I bounced
a few credit card payments and credit card  said ok,
to no service charge and extended my payment another
month. 
alex   
 
> I hear that William,
> 
> And you are correct as far as the way it works where the money borrowed
> is collateralized by CASH in their bank!
> 
> Will let ya know if it works out good or bad or null...
> 
> LATER!
> 
> Todd....
> 
> --------
> 
> William T Wilson wrote:
> > 
> > On Fri, 28 May 1999, David A. Cooley wrote:
> > 
> > > >So, what's Check Kiting?
> > >
> > > That's where you write a check, buy something get cash back, deposit the
> > > cash in the bank, write another check etc... basically trying to write
> > > checks and deposit the money to stay ahead of all the checks because there
> > 
> > The difference is that with check kiting, if they catch you, you will end
> > up without enough money to cover it all.
> > 
> > In this little credit-building scheme, even if you stop making payments
> > altogether, nobody is out any money because you put the money up in the
> > first place.
> > 
> > > of the loan and puts you in default.  the money has to stay there
> > > until the loan is paid off.
> > 
> > It does, because you are using the money you borrowed from bank A as the
> > collateral for bank B.  No particular dollar actually gets used twice.
> 
> 
> 
>