Now in England getting a low rate loan is extremely easy and there is a loop-hole in the system.

So lets say you turn to a particular lender and borrow $1,000,000. Then you get a back account with a high interest savings account and simply put the $1,000,000 in the account.

Now the principle of the scam is that hopefully the interest you get from the bank account money should exceed the loan payment installments. So once you have finished paying the loan off you will still have over a Million in the account.

Unfortunately there is one snag, the loan lenders want to see some sort of collateral, which basically means unless you have something of high value to put up as 'protection' against the loan, they won't lend the money.

But its worth thinking about