Author Topic: PSA: Don't swipe recklessly for others  (Read 624834 times)

Offline Matisyahu

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Re: PSA: Don't swipe recklessly for others
« Reply #180 on: January 08, 2014, 11:04:47 PM »
So you mean i should ignore the sign in shul advertising a company that will apply for an AMEX plat on behalf of the shul and do all spending?
One has nothing to do with the other.
In the opening thread  he is asking that a person who is willing to lend someone money on their credit card as a loan should be aware of the possibility that the borrower can default on that loan and may have a hard time paying him back. Here the risk of borrowing money is on the lender.

Your question is based on a company's advertisement to make you money., here the risk of opening the cards, spending the money, paying the money, is all on the company offering this service. What's the question it's a win win service just ask them for any references before signing up

Offline avremie

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Re: PSA: Don't swipe recklessly for others
« Reply #181 on: January 08, 2014, 11:54:23 PM »
One has nothing to do with the other.
In the opening thread  he is asking that a person who is willing to lend someone money on their credit card as a loan should be aware of the possibility that the borrower can default on that loan and may have a hard time paying him back. Here the risk of borrowing money is on the lender.

Your question is based on a company's advertisement to make you money., here the risk of opening the cards, spending the money, paying the money, is all on the company offering this service. What's the question it's a win win service just ask them for any references before signing up
with all due respect sir this is your first post so i will take what you say with many grains of salt

Offline HP58

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Re: PSA: Don't swipe recklessly for others
« Reply #182 on: January 09, 2014, 01:52:34 AM »
with all due respect sir this is your first post so i will take what you say with many grains of salt
+1000
Intriguing...

Offline Freddie

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Re: PSA: Don't swipe recklessly for others
« Reply #183 on: January 09, 2014, 02:02:47 AM »
+1000
Intriguing...

You know how they catch pyromaniacs? At every fire, there's always a crowd. In that crowd, there's a guy that looks a little too "aroused." He starts asking everyone, "How do they think it started?"

Offline HP58

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Re: PSA: Don't swipe recklessly for others
« Reply #184 on: January 09, 2014, 02:13:02 AM »
You know how they catch pyromaniacs? At every fire, there's always a crowd. In that crowd, there's a guy that looks a little too "aroused." He starts asking everyone, "How do they think it started?"
LOL

Offline shmuelb

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Re: PSA: Don't swipe recklessly for others
« Reply #185 on: January 09, 2014, 05:38:55 PM »
Wow! Lot's of deep stuff here!!  :P

Your question is based on a company's advertisement to make you money., here the risk of opening the cards, spending the money, paying the money, is all on the company offering this service. What's the question it's a win win service just ask them for any references before signing up

What do you mean? If it gets messed up, your credit is messed up and you have to pay.
siyag lachachma :-)

Offline CountValentine

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Re: PSA: Don't swipe recklessly for others
« Reply #186 on: January 09, 2014, 05:40:49 PM »
Link? My PM works.  :)
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline oisher

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Re: PSA: Don't swipe recklessly for others - Halachic question
« Reply #187 on: January 09, 2014, 06:33:00 PM »
Seriously, 'swiping' a credit card presents a halachic question of Ribis.
Rabbinic advice necessary.

Offline SamKey

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Re: PSA: Don't swipe recklessly for others - Halachic question
« Reply #188 on: January 10, 2014, 01:15:20 PM »
Seriously, 'swiping' a credit card presents a halachic question of Ribis.
Rabbinic advice necessary.
it's Halachically prohibited to swipe a CC? :-\

Offline voldemort

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Re: PSA: Don't swipe recklessly for others - Halachic question
« Reply #189 on: January 12, 2014, 10:49:59 AM »
Seriously, 'swiping' a credit card presents a halachic question of Ribis.
Rabbinic advice necessary.
i have asked my lor in the past,there is no problem with swiping,however in the unfortunate event that he can't pay back,it is ribis for him to reimburse the intrest charges 

Offline elikay

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Re: PSA: Don't swipe recklessly for others
« Reply #190 on: January 12, 2014, 11:51:33 AM »
it's Halachically prohibited to swipe a CC? :-\
::)

Offline JustaHocker

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Re: PSA: Don't swipe recklessly for others
« Reply #191 on: January 12, 2014, 11:12:02 PM »
If it's the centurion, you may need to toivel it in Lake Carasaljo.
Sounds like the same genius who wrote in to one of the Jewish papers this past week....

Offline HP58

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Re: PSA: Don't swipe recklessly for others
« Reply #192 on: January 13, 2014, 01:45:54 AM »
If it's the centurion, you may need to toivel it in Lake Carasaljo.
Sounds like the same genius who wrote in to one of the Jewish papers this past week....
Wrote what?

Offline BigDanFan

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Re: PSA: Don't swipe recklessly for others - Halachic question
« Reply #193 on: January 13, 2014, 09:07:06 AM »
i have asked my lor in the past,there is no problem with swiping,however in the unfortunate event that he can't pay back,it is ribis for him to reimburse the intrest charges
why would it be ribis for the yid to pay the monthly cc bill (which of course includes the 19%+ interest rate) of the other yid?
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Offline skyguy918

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Re: PSA: Don't swipe recklessly for others - Halachic question
« Reply #194 on: January 13, 2014, 09:44:52 AM »
why would it be ribis for the yid to pay the monthly cc bill (which of course includes the 19%+ interest rate) of the other yid?
If the guy who used the money is considered to be borrowing directly from the cc company, then everything is fine, the cc holder (the middle man) is not involved in the transaction and there is no ribbis. But if you view it (as most poskim do) as a loan from the cc company to the card holder, and a second loan from the cc holder to the final borrower, then the cc holder cannot ask the final borrower to reimburse him for any cc related charges above and beyond the actual loan amount, because that would be ribbis on the loan between the cc holder and the borrower.

Offline voldemort

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Re: PSA: Don't swipe recklessly for others - Halachic question
« Reply #195 on: January 13, 2014, 11:28:32 AM »
If the guy who used the money is considered to be borrowing directly from the cc company, then everything is fine, the cc holder (the middle man) is not involved in the transaction and there is no ribbis. But if you view it (as most poskim do) as a loan from the cc company to the card holder, and a second loan from the cc holder to the final borrower, then the cc holder cannot ask the final borrower to reimburse him for any cc related charges above and beyond the actual loan amount, because that would be ribbis on the loan between the cc holder and the borrower.
+1

Offline BigDanFan

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Re: PSA: Don't swipe recklessly for others - Halachic question
« Reply #196 on: January 13, 2014, 11:57:56 AM »
If the guy who used the money is considered to be borrowing directly from the cc company, then everything is fine, the cc holder (the middle man) is not involved in the transaction and there is no ribbis. But if you view it (as most poskim do) as a loan from the cc company to the card holder, and a second loan from the cc holder to the final borrower, then the cc holder cannot ask the final borrower to reimburse him for any cc related charges above and beyond the actual loan amount, because that would be ribbis on the loan between the cc holder and the borrower.
-1
however, the loan is really from the cc to the borrower,
bec that borower would normally get his own cc, but cannot due to credit score, etc... so no ribis..
(However if cc owner is benefitting from points, payment bonuses, etc.. then it's obv. a perk to the cc owner, so he's not just doing it as a straight favor..)
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Offline Dr Moose

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Re: PSA: Don't swipe recklessly for others
« Reply #197 on: January 13, 2014, 12:00:28 PM »
-1
however, the loan is really from the cc to the borrower,
bec that borower would normally get his own cc, but cannot due to credit score, etc... so no ribis..
(However if cc owner is benefitting from points, payment bonuses, etc.. then it's obv. a perk to the cc owner, so he's not just doing it as a straight favor..)
where did you get this from?
Hey there! I am using DansDeals Forums.

Offline Achas Veachas

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Re: PSA: Don't swipe recklessly for others
« Reply #198 on: January 13, 2014, 12:03:09 PM »
-1
however, the loan is really from the cc to the borrower,
bec that borower would normally get his own cc, but cannot due to credit score, etc... so no ribis..
(However if cc owner is benefitting from points, payment bonuses, etc.. then it's obv. a perk to the cc owner, so he's not just doing it as a straight favor..)
Meaning, the CC doesn't want to lend money to the borrower so he is borrowing from you instead...

Offline BigDanFan

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Re: PSA: Don't swipe recklessly for others
« Reply #199 on: January 13, 2014, 12:07:14 PM »
Meaning, the CC doesn't want to lend money to the borrower so he is borrowing from you instead...
+1 exactly

he doesn't have the access to get it from the bank. but you do..
either way, the money does not belong to me/you
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