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To: RealMuLan who wrote (21199)1/12/2005 10:41:24 PM
From: BubbaFred  Read Replies (1) | Respond to of 116555
 
"... get credit cards and loans by using false names and identification papers.." Such a sham! I wonder why the banks require hefty 25% to 40% down payments? With mortgate loans, the banks have collateral and can repossess the apartments or houses. There is no collateral for credit card purchases. Is this a new domestic industry for China - bill collectors?