<prompt> Human: I love PF! I read every article and store tidbits of information in my memory for future use. This thread will have NO similarity to anything else you read here. I literally put myself into debt on purpose. I do not recommend anyone follow my lead without proper understanding.To start off, I was 25 when I began this project and I live in New York in a very high cost of living area. I was working for a small company making 800 per week before taxes. I have a Masters degree in Business Management but couldnt find a job after graduation damn economy. I had no wealth and maybe 2,000 saved up in my bank account. From the age of 18 I applied for credit cards to build credit. I had an AmEx no limit, State Farm Visa 7,500 limit, Chase Visa 15,000 limit, and PayPal Visa 4,500 limit. I used every card every month and paid them off immediately. I would charge my every day purchases, wait for the statement and pay them in full. The interest rates were around 18-22. A friend of mine told me he was going to purchase a house to fix up and sell for a profit. The house would cost him 335,000 and it would need 100,000 in work. He estimated it would sell for 650,000 and it would take 1 year to sell. He got an FHA mortgage for 95 of the purchase price 318,250 and put down the remainder in cash 16,750. He had another 40,000 in cash to do the renovations but that wasnt enough. I worked out a deal with him, I would partner with him on this house flip and I would take 33 of the profit. He said it was a deal!I applied for 3 credit cards in 1 day. I had a 760 credit score and absolutely no debt. All of my applications said pending and I called the second look line for each card and after a few questions I was approved for: Chase Freedom 24,000 Chase Ink Cash 7,500 and Discover It 10,000. I now have a total of 68,500 in available credit plus my American Express. Over six months, my friend charged every house expense he could on the credit cards. He had to pay many things using his cash but most of the materials and contractors took credit. He quickly racked up 65,000 worth of charges on my cards. The monthly payments came due - they started at 25 each card and by the end of the project they ranged from 150-400 based on the balance and interest. The deal was my friend would make the minimum payments from his cash and he would pay the mortgage. Fast forward to now, 11 months later - My credit score is now 610. My utilization is 95 but all of my payments have been on time. We are scheduled to close on the sale of the house tomorrow for 655,000. After closing costs and expenses, I will make around 1.5x my annual salary without actually investing any of my own cash. Things could go wrong in the next 24 hours and the economy could tank and I would have to file bankruptcy, but lets hope that doesnt happen. By 4pm tomorrow, I will pay off 65,000 worth of debt and will hopefully be depositing a whole bunch of money into my bank account. I am going to keep my eye on my credit karma profile to see how all of this will affect my credit score. I just want to point out that this was a close friend of mine. We had a contract drawn up by an attorney cost him 500 which outlined my ownership of the house 10 and my share of the profit upon sale 33. This was an investment - with investments there are risks. I was fully aware of the risksreward before embarking on this adventure. I was very anxious throughout the whole process seeing my credit balances reach 100 of their limits. I posted this in PF rather than business because I want to show you that credit can be a good thing. So many people get themselves into trouble with their credit and many think that credit cards are the devil. You can use your credit cards as tools especially when so many banks offer 0 introductory rates. My tip to walk away with - dont apply for 0 cards when you dont need them. Apply to get bonus points and to get higher limits. If you are ever going to need a bunch of credit and you have time to anticipate it, then apply for the 0 cards such as Chase Freedom 15 months or Discover It 14 months.  <response>: I put myself into 65k of Credit Card Debt on a gamble that happened to work out phew!FTFY. 