User:Ravi.r1/sandbox

CBO or a Credit Bust Out is a kind of first party fraud, where a person acquires a Credit Card with the sole intention of eventually running away with the money. There is a very thin line between whom we can consider a 'Credit' case versus whom we can consider a CBO case. A very simple way to understand is to understand the difference between 'inability' to pay and 'no intention' to pay. While the first would be categorized under 'Credit' loss, the second one would be a CBO loss.