What would happen if someone were to take a huge loan from a bank and use the money to travel abroad
The person would have committed fraud since they borrowed money with no intention of returning it. The bank would go to the appropriate authorities. The authorities would act. How hard they would look for the person would probably depend on the amount of money.
The bank would also file a claim with its insurance company when the time became appropriate. The insurance company would probably send an investigator out looking for the person.If the person died, the bank and/or the insurance company would sue the estate. If there was no money or assets in the estate, they would be out of luck.
Jennifer Ellis, I need money to retire, just like everyone else *sigh*