Downpayment with credit card(s)

[2Bshinyandnew]

Also, Car dealers are not supposed to accept more than $1000k on a credit card for a deposit. When I bought my last new car and wanted to put $5k down the dealer only would accept $500 on my credit card and I had to pay the balance by check.

Something like that may be a policy of an individual dealership, or maybe this could be overseen by state regulations, but not a blanket "rule" or law about car dealerships in general. I know folks in my state who have used CC to pay a lot more than $1000 at a dealership for a car, one friend even did the entire transaction, about $10K on a credit card to buy a used car (no BK involved).

[freshstartfl]

Despite what constitutes legal fraud by definition, the intention is to do something fraudulent. That's where the problem lies. There's ways you can handle it that you may very well "get away" with it, but it's still an intentional defrauding of those creditors. I don't advocate that by any means, but at the same time, where would the burden of proof lie? On the creditors, to prove you intentionally defrauded them? Or on you, to prove that you didn't? I don't know the answer to that question.

[liz417]

I knew someone that used a CC's convenience check, deposited it in her account, purchase a car for her son, (not to mention all the other fraudulent 'purchases' she made), KNOWING that she was goint to declare BK in the near future (ch 7 about 10 years ago). Several creditors showed up at her 341 to challenge A LOT of her 'purchases'...and although, she was discharged, she had paid back those creditors that proved fraud. I believe if you do something like this...it WILL come back to bit you in the A**!!!

[freshstartfl]

.. and honestly, who wants to worry about something coming back on them like that? Isn't worth the risk, IMO, no matter how well it's planned out and/or timed.