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BEFORE SWIPING FOR SOMEONE READ THIS 100 TIME : (first hand story)

https://forums.dansdeals.com/index.php?topic=36812.msg2062371#msg2062371

Dan's warning to DDF:
I hope people realize that any buying group or anyone else that gets merchandise in advance of payment can go south at any time. That's even if you get a check at the time of delivery.
X-posting as I don't want anyone to say that I never put a warning here.


« Last edited by Pad18 on Today at 02:53:39 PM »

Author Topic: PSA: Don't swipe recklessly for others  (Read 131170 times)

Offline YesThatsMe

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Re: PSA: Don't swipe recklessly for others
« Reply #1890 on: February 04, 2019, 12:50:51 PM »
What does Lakewood have to do with anything??

This story happened in Lakewood.

Offline zale

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Re: PSA: Don't swipe recklessly for others
« Reply #1891 on: February 04, 2019, 12:52:07 PM »
This story happened in Lakewood.
Do you mean a couple guys from Lakewood who owned and operated stores in Flatbush and Crown Heights?

Offline YesThatsMe

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Re: PSA: Don't swipe recklessly for others
« Reply #1892 on: February 04, 2019, 12:52:30 PM »
Do you mean a couple guys from Lakewood who owned and operated stores in Flatbush and Crown Heights?

Yup

Offline aygart

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Re: PSA: Don't swipe recklessly for others
« Reply #1893 on: February 04, 2019, 01:01:15 PM »
+1
Which one of these is in the article you posted?

(BTW, Monsey was much worse)
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Offline chevron

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Re: PSA: Don't swipe recklessly for others
« Reply #1894 on: February 04, 2019, 01:12:54 PM »
The product was a hit until 30 others joined the listing, including 2 of the investors. Plus this product was limited in sales scope.

No patent ?!

Offline YesThatsMe

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Re: PSA: Don't swipe recklessly for others
« Reply #1895 on: February 04, 2019, 01:49:39 PM »
Which one of these is in the article you posted?

(BTW, Monsey was much worse)

Huh?

Offline YesThatsMe

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Re: PSA: Don't swipe recklessly for others
« Reply #1896 on: February 04, 2019, 01:49:58 PM »

Offline churnbabychurn

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Re: PSA: Don't swipe recklessly for others
« Reply #1897 on: February 04, 2019, 01:55:56 PM »

Offline S209

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Re: PSA: Don't swipe recklessly for others
« Reply #1898 on: February 04, 2019, 07:46:18 PM »
https://www.businessinsider.com/worst-us-cities-for-credit-card-debt-2017-1#21-lakewood-new-jersey-5

Sorry I just googled it. I live in Lakewood and have $0 CC debt too. Obviously i'm not referring to everyone, just to the median.
You realize the debt they’re referring to can be what credit card companies show reflected on their statements, it doesn’t necessarily mean it’s not paid off every month. In that case, Lakewood and Monsey probably have a very high rate of churners relative to the population, which would skew those numbers.
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Offline churnbabychurn

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Re: PSA: Don't swipe recklessly for others
« Reply #1899 on: February 04, 2019, 08:08:46 PM »
You realize the debt they’re referring to can be what credit card companies show reflected on their statements, it doesn’t necessarily mean it’s not paid off every month. In that case, Lakewood and Monsey probably have a very high rate of churners relative to the population, which would skew those numbers.
I think the income is skewed

Offline chevron

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Re: PSA: Don't swipe recklessly for others
« Reply #1900 on: February 04, 2019, 09:11:52 PM »
I think the income is skewed

For sure. You think random Joe Smith living in Utah on a 2 income household with maybe 0-3 kids and no Yiddish bills is on par?!

But then again what's the Lakewood income... Tomchei Shabbat is not reported.


Offline cmey

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Re: PSA: Don't swipe recklessly for others
« Reply #1901 on: February 05, 2019, 12:35:30 AM »
https://www.businessinsider.com/worst-us-cities-for-credit-card-debt-2017-1#21-lakewood-new-jersey-5

Sorry I just googled it. I live in Lakewood and have $0 CC debt too. Obviously i'm not referring to everyone, just to the median.

Lakewood’s average credit card balance actually comes in below the average for the state of NJ, and below the average levels of NY and CT as well so it’s obviously an income skewed statistic, not a reflection of actual dollar credit card debt levels.

https://www.google.com/amp/s/patch.com/new-jersey/ridgewood/amp/27895307/new-jersey-among-states-most-credit-card-debt

And in a study that takes multiple factors into account to rate financial management, Lakewood comes out pretty much in the middle of thousands of cities ranked.

https://wallethub.com/edu/best-cities-at-money-management/19256/
« Last Edit: February 05, 2019, 12:43:48 AM by cmey »

Offline YesThatsMe

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Re: PSA: Don't swipe recklessly for others
« Reply #1902 on: February 08, 2019, 12:59:25 PM »
Any updates to this story?

Offline Z56

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Re: PSA: Don't swipe recklessly for others
« Reply #1903 on: February 10, 2019, 05:38:24 PM »
Another company screwed people close to 12-20M+ Story is slowly getting released

Please don’t PM me for details, I will not reply to any related questions.
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Offline Yehuda25

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Re: PSA: Don't swipe recklessly for others
« Reply #1904 on: February 10, 2019, 05:49:28 PM »
Oy
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