Bust-out is a form of fraud that usually involves credit cards. The scheme begins when a person establishes good credit, either under their own name or by identity theft using stolen Social Security numbers. The fraudster then behaves well for a period of time, making on-time payments, building credit, and applying for more cards and higher credit limits. After credit is built, the “bust-out” takes place. The fraudster maxes out all the credit accounts and ceases making payments.