It is considered a loan and you fraudulently applied for it. You are subject to fraud laws as well as terms of the loan agreement with the lender you signed which probably has high interest rates and costs associated with it. This is not a tax question, more of a legal matter. You will still owe the loan regardless.
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**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
