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What is a bust-out fraud?

A bust-out is a type of fraud that aims to max out an acquired credit or debit card with no intention of paying the bill.

What are the best warnings for bust-out fraud?

Consequently, the best warnings for bust-out fraud are unusually large numbers of credit applications and invalid personal data. Credit cards are the bust-out fraudsters’ favorite tools. Therefore, if the same cardholder applies for a new credit line with a credit card over and over again, this should send warning signals.

What is a bust-out credit card fraud?

A bust-out is a type of credit card fraud where an individual applies for a credit card, establishes a normal usage pattern and solid repayment history, then racks up numerous charges, and maxes out the card with no intention of paying the bill.

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