Current location - Trademark Inquiry Complete Network - Overdue credit card - Bank Credit Card Finance Paper
Bank Credit Card Finance Paper

Multi-card circular arbitrage-----financial fraud

It means spending with one card and repaying with multiple cards. The "profit" refers to defrauding bank credit, which costs more. Defrauding individuals of a good credit record with a small amount of recurring repayment interest will result in using the good credit record to defraud the bank of high-value loans, leading to an increase in the bank's non-performing loan rate.

I think it is necessary to analyze it, but unfortunately I I have graduated, otherwise I can share it with you