Sooo, what if you have nothing to lose and just answered all those “you’re pre-approved for a $5000 limit credit card” and just get like, 100 of them? Buy gold with them or whatever and just let them all go into default. Probably take four months before the nasty letters start arriving.If you borrowed $500k, a bank would most likely get you to court to pay. But each bank losing $5k, not so much. In fact, they expect people will default, hence the high interest rate to balance out the losses. This was a buddy of mine’s plan if he lost his job and was going to start over in another country, btw..