Getting loans.. (WAY off topic)

Stegbauer, Michael mike.stegbauer at compaq.com
Thu May 27 19:37:27 GMT 1999


> Will be goin out and gettin loans using this $3,000 as my collateral in
> several banks in series, i.e. deposit the $3000 in one bank, get a loan
> using it as collateral, take the loan money from the first bank, deposit
> it into another bank, get a loan on that money etc....
> 
> Then mak 2 or 3 payments on each 'loan' over a 6 week period using the
> $3,000 'loan' money for payment money, then go back within about 6 weeks
> or so and pay all of em off, then ask for a signature loan from each
> bank for about the same amount...(signature meaning NO COLLATERAL!) and
> do the same thing with that signature loan money... This will build
> credit with the bank(s) as well as a relationship with em...

Wow!   I'm looking into buying some land.  If the loan officers in 
Houston are this stupid, maybe I should get a loan there.




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