Is this viewed as fraud?

[ht01989]

I had two credit cards that I always paid off, then I was in a major crisis so I applied for two more college credit cards. Both of them had a $4,000 limit, and I did not lie on the application.

When I got them I used them to buy a plane ticket and a car, so that I could leave where I was to go back to my home state and use the car for work, for a job I already had.

Two days after I made the purchases, I lost my job. That was 7 months ago and I still haven't been able to obtain another job, I've looked everywhere!

Will that fact that I maxed out two $4,000 cards and never made a payment prompt a criminal investigation?

I really do intend to pay it all back, but as soon as someone hires a college student!

[HomeGuru]

Originally Posted by ht01989

I had two credit cards that I always paid off, then I was in a major crisis so I applied for two more college credit cards. Both of them had a $4,000 limit, and I did not lie on the application.

When I got them I used them to buy a plane ticket and a car, so that I could leave where I was to go back to my home state and use the car for work, for a job I already had.

Two days after I made the purchases, I lost my job. That was 7 months ago and I still haven't been able to obtain another job, I've looked everywhere!

Will that fact that I maxed out two $4,000 cards and never made a payment prompt a criminal investigation?

I really do intend to pay it all back, but as soon as someone hires a college student!

**A: it may seem that even if you still had the job you could not afford to pay on 4 credit cards.

[Country Living]

I'm assuming you haven't contacted the financial institutions from whom you borrowed the money. You need to do that - yesterday. Ignoring the situation will just make it worse.

Time to start flipping burgers.

[rhinocl]

I doubt there would be an investigation. From what you said you never had an intent to defraud, so an investigation would probably go nowhere.

The amounts are relatively low so you can probably work out a payment plan the minute you get any job.

What you did is not the same as someone who has no job or prospects of paying the money back and runs up huge debt for luxury items.