- Centurion Member
- Posts: 321
- Joined: Mon Jan 02, 2012 1:21 am
- Location: Denver
You want to max out all your cards, 45k available credit to pay your dad back?
To answer your question, you will throw up red flags all over the place and the IRS will start monitoring your accounts. Seriously. What you are doing looks like you are about ready to file for bankruptcy and run with the money. Certain deposits to bank accounts are flagged and reported to the IRS. More than likely as soon as you do your first transfer your other cards will close or cut your credit lines.
If I was the banker I would be really worried if someone just maxed out their cards for cash advances. What are you a drug addict or gambler with a problem? Have you thought about what will happen to your credit score and your utilization? Not good with what you are planning.
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