Dealertrack Insights

Back to the Blog

Compliance Definition: “Credit Card Bust Out”

by Dealertrack
on October 26, 2011

A means of identity theft in which the criminal makes repeated use of a stolen credit card to make down payments on vehicles while delivering frequent checks written on non-existent checking accounts to the credit card company to keep the credit card line open to make more down payments.  The criminal uses the “float time” of the check clearance process to commit additional identity theft using the stolen credit card.

Leave a Reply

Your email address will not be published. Required fields are marked *

Top