how is this related to social studies.....
Answer: True
Explanation: A bust-out refers t a planned bankruptcy. It is a highly coordinated and sophisticated strategy usually in the areas of credit cards. Here, the perpetrators applies for and uses credit under his or her own name,
or uses a synthetic identity, to make transactions while making on-time
payments to build trust and also maintain a good account standing, and over time he request more credit, often higher than the previous requested, with the intent of bouncing a final
huge payment and abandoning the account.
obtains additional lines of credit
. It is also called sleeper fraud.
