What is liability hiding?

Liability hiding, as the name suggests, is to hide our liabilities so that banks cannot see them, thereby improving our success rate in applying for credit cards and loans.

Because when applying for a credit card or loan, the bank will check our personal credit report, and then decide whether to grant us a credit card or loan based on our credit-related information, and our debt situation is very large. An important criterion is that if the debt is too high, credit card application, credit limit increase and loan application will be restricted.