When I lived in the USA, I remember something I heard from the radio.
Some guy say the first thing you should do when you win is inform your bank and make them believe you. It's about getting the credit limit to spend immediately.
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WTF? The first thing you should do is get a top lawyer and financial planner.
Exactly! Get a lawyer, set up a company (an LLC that you own outright), sign the winning ticket over to the LLC, then collect the winnings. Taxation and liability protection make that the smart play..... increasing your credit limit.... for what? That radio show host sounds like a tool....
I guess so. Protect and extend the wealth.