Getting loans.. (WAY off topic)

[Peter D. Hipson]

Careful, that's very close to check kiting... A federal offence, btw. <g> 

At 12:37 PM 5/27/99 -0700, you wrote:
>
>> 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.
>
>
>
Thanks, 
        Peter Hipson (founder, NEHOG)
        1995 White NA Hummer Wagon