credit mule
( plural )
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A victim of fraud persuaded to use his own name and information to obtain an expensive item with credit contract attached, such as a smartphone. The victim, or mule,
is paid when he gives the item to the fraudster, and he is assured the contract will be cancelled, but it is not. Thus, the victim acquires a debt while the fraudster can sell the item at a large profit.
credit mule
He was recruited as a credit mule, persuaded to sign for an expensive smartphone in his own name and handed it over for payment, only to be left with the unpaid contract after the fraudster sold the phone for a large profit.
He was recruited as a credit mule, persuaded to sign for an expensive smartphone in his own name and handed it over for payment, only to be left with the unpaid contract after the fraudster sold the phone for a large profit.
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