Author Topic: PSA: Don't swipe recklessly for others  (Read 233121 times)

Offline aygart

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Re: PSA: Don't swipe recklessly for others
« Reply #2340 on: February 24, 2019, 10:59:29 AM »
-1
 anyone out $100k has learnt their lesson, they don’t need our musar
Oh don’t worry. There will be more. Whether it’s a cc farm, Ponzi, MLM, swipe for points, or some new scam, many in the frum community:
1) blindly trust anyone with peyos.
2) don’t view cc swiping as lending (& think u can dispute anything)
3) are just plain naive
?
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

Offline joey89

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Re: PSA: Don't swipe recklessly for others
« Reply #2341 on: February 24, 2019, 11:03:55 AM »
They risked the credit of others and took the profits for themselves? Am I understanding that correctly? "they" don't sound very much like victims if they were taking from others. They sound more like scammers.
*speculating* CC farms, some of them took their “clientele’s” risk and exposure more seriously then others.

Offline joey89

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Re: PSA: Don't swipe recklessly for others
« Reply #2342 on: February 24, 2019, 11:11:03 AM »
?
Those that got burned won’t do it again, (most probably will never be in position to be able to do it again)
However there are constantly potential new victims

Offline Mootkim

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Re: PSA: Don't swipe recklessly for others
« Reply #2343 on: February 24, 2019, 11:14:40 AM »
Those that got burned won’t do it again, (most probably will never be in position to be able to do it again)
However there are constantly potential new victims
Doing it again may be the easiest way out of the hole they are in.

Offline Mootkim

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Re: PSA: Don't swipe recklessly for others
« Reply #2344 on: February 24, 2019, 11:16:31 AM »
Doing it again may be the easiest way out of the hole they are in.
Hence the reason for constant reminders/waarnings.

Offline joey89

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Re: PSA: Don't swipe recklessly for others
« Reply #2345 on: February 24, 2019, 11:19:59 AM »
Doing it again may be the easiest way out of the hole they are in.
Most will never get a CC again let alone a CL worth churning. The CC companies have long memories.

Offline mmgfarb

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Re: PSA: Don't swipe recklessly for others
« Reply #2346 on: February 24, 2019, 11:21:47 AM »
You’re joking, right? This is such a puny insignificant % of the market... there are billions of dollars being swiped annually in the frum community
Do you actually have any idea of a rough estimate on how many points are sold a year? My guess would be that you have no clue although you're welcome to enlighten us.
"JS [is] a fetid cesspool of unvarnished linguistic manure, with lots of useless drivel and post-padding." -Moishebatchy

Offline shapsam

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Re: PSA: Don't swipe recklessly for others
« Reply #2347 on: February 24, 2019, 11:23:25 AM »
Most will never get a CC again let alone a CL worth churning. The CC companies have long memories.
I know people that settled for ¢10 on the dollar with Chase and were able open new Chase cards a few years later.
Ultimately I'm always right
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Offline joey89

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Re: PSA: Don't swipe recklessly for others
« Reply #2348 on: February 24, 2019, 11:26:53 AM »
I know people that settled for ¢10 on the dollar with Chase and were able open new Chase cards a few years later.
A few hundred k?

Online JACKBLUE

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Re: PSA: Don't swipe recklessly for others
« Reply #2349 on: February 24, 2019, 11:27:45 AM »
I know people that settled for ¢10 on the dollar with Chase and were able open new Chase cards a few years later.
7 years probably. No?

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Re: PSA: Don't swipe recklessly for others
« Reply #2350 on: February 24, 2019, 11:28:04 AM »

Offline shapsam

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Re: PSA: Don't swipe recklessly for others
« Reply #2351 on: February 24, 2019, 11:30:08 AM »
A few hundred k?
Under 100K
7 years probably. No?
About 3 years

BTW, they received 1099s...
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Offline joey89

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Re: PSA: Don't swipe recklessly for others
« Reply #2352 on: February 24, 2019, 11:34:09 AM »
Under 100KAbout 3 years

BTW, they received 1099s...
As stated I don’t think swiping can help (most of) the current victims out of their mess. Warnings can help reduce the impact future schemes will have on new individuals.

Offline shmielyosef

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Re: PSA: Don't swipe recklessly for others
« Reply #2353 on: February 24, 2019, 11:39:47 AM »
One involves a lighting company - whom the owner is actually a relative of the Toner guy
Does that mean these two stories are one?

Offline chevron

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Re: PSA: Don't swipe recklessly for others
« Reply #2354 on: February 24, 2019, 12:03:17 PM »
That's better than a lot of them do, but they gain the most from the seminars as they learn to optimize their rewards. Of which they have a ton.

I know many wealthy that get 2+ points per dollar value by redeeming for full first class

But I know plenty that will sell 500k points at a shot