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Re: PSA: Don't swipe recklessly for others I won't hide behind a new name. I will just post my story.

In short, when I was a bochur I was approached by a friend of one of my siblings who asked me for my CC. He already used my brothers' CC and always paid on time. I later found out he would buy electronics, smuggle them into a certain country, sell them to a local distributor and then pay back. For over 2 years it worked fine. On average he swiped about 18k a month and then paid back after the CC closed.

Came the day when one of his containers was seized by customs, and he lost a lot of money, and didn't have how to pay back.

I was stuck with 18k CC debt, none of it my own spending. I was paying minimum payments (had no money, kollel salary), and waiting to see what will happen.

The guy never ignored my calls, but he also did not have money. He also got married, got a job and barely made ends meet.

I found an ad in one of the religious newspapers for "angels of debt", they took the case, told me what to do, I settled all the CC's for 25/30%, fried my credit for 7 years, I borrowed from my parents to pay it, and over the next 5 years I got paid back from this guy whatever the settlement amounts were (i was not going to charge him a penny more than i paid, nor was i going to dispute a charge which was legally made).

Today i still cannot open CC's with chase, Citi and Barclays, they have me blacklisted, only Amex and Capital One.

I wasn't scammed. But I learned my lesson. And I did not end up losing too much BH.

February 24, 2019, 06:41:59 PM