Talk:Credit card kiting

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There is nothing to say that this is illegal in the United States so long as you are making (at least) minimal payments each month. The credit card companies don't care if you get the cash from another company so long as they get their money. The whole business model of credit cards implies paying back over time, because if everyone paid their full bill every month CC companies would be only a fraction as profitable. At worst, a "fraudulent debt" is not an illegal one, and Venmo'ing payment to your buddy, while violating the ToS, will get your account cancelled, not an arrest warrant. This is a preposterous article. "CC Kiting" is an unsound practice, is fiscally irresponsible, and avoids the necessary "hard talk" about reducing spending, but that's far different from "Check kiting" which actually IS illegal.

No experts have turned up yet, but people could look at these links for more information: [1], [2] and [3]. Kimera757 05:26, 14 December 2014 (UTC)

The first link above is from the viewpoint of India, though even this does not support a suggestion that credit card kiting is illegal. The second link raises the point that debts incurred by credit card kiting may be non-dischargeable. Although such debts may be described as "fraudulent", this does not indicate that incurring such debts is criminal or otherwise illegal. The third link, apparently also regarding treatment of such debts in bankruptcy, is not generally accessible (it's accessible by invitation only), so it's not much help. However, the Wikipedia article gives the impression that there are prohibitions on credit card kiting (e.g. implying that somebody who perform credit card kiting could be arrested criminally), when there does not seem to be any evidence to support this. Fabrickator (talk) 01:15, 22 September 2015 (UTC)[reply]

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