I was browsing reddit the other day and I saw this comment:
Because I've got like an 810 credit rating now, I should apply for everything I can on the same day, get approved for as many as I can, buy up everything I need, and then tell them to go to hell.
Other than the obvious drawback of not being able to apply for a loan for the next 7 years, are there any other reasons not to do this?
I am not planning to do this, I just saw the comment am curious.