This reminds me if an old story from the U.S. that i heard many years ago, how to get money from the banks...
As the story goes, a bank will only lend you money if another bank did, so strangely the more you owe the more you can get... if you don't know where to start, find someone who will lend you $1,000 for a short period, then open a bank account and deposit it in the bank, then take a loan against it for the same amount (they will not give you more than you have in the account because at this stage you can't yet demonstrate that another bank loaned you money).
Now you go to another bank, open an account, deposit nothing, but show them that the first bank gave you $1,000 loan, and ask them to do the same. You then go to the third bank, open a new account and ask for $2,000 because you can show that two other banks gave you $1,00 each...
You go on until you get tired, when you have enough money on loan you pay back the first $1,000 and take out the original deposit, then give it back (with interest) to the loan shark you got if from in the first place.
Don't know if it will actually work with the UK banking system, but from AA's story it does seem to work in motor factor industry...
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Topic: Euro Car Parts Trade Account (Read 2554 times)