Author Topic: PSA: Don't swipe recklessly for others  (Read 196056 times)

Offline Redbull3

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Re: PSA: Don't swipe recklessly for others
« Reply #2115 on: February 17, 2019, 04:24:56 PM »
How do poor people obtain hundreds of thousands of credit?
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Offline Mplace

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Re: PSA: Don't swipe recklessly for others
« Reply #2116 on: February 17, 2019, 05:11:26 PM »
How do u know the company who borrowed wonít also pay that back ?
unless they have a printing press or win the lottery,
They ain't got the money to pay back,
The money is gone,
Cc were being charged to pay other cc's
What's your plan for yud shvat?

Offline chevron

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Re: PSA: Don't swipe recklessly for others
« Reply #2117 on: February 17, 2019, 05:36:39 PM »
:( businesses should live by "yehi mamon chaveirecha chaviv mishelcha"

People, there's no easy way to get rich, I always tell people about risks and they laugh me off.

I paid off 250k in debt from a business collapse and don't how I had that strength.

It's also given me a lifetime avoidance to owing people money.

Offline aygart

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Re: PSA: Don't swipe recklessly for others
« Reply #2118 on: February 17, 2019, 06:00:46 PM »
so what did happen?
Only 10K?! At the place being discussed on the Dont Swipe for Others thread, the raises came fast and furious. I saw guys getting pay doubled within 6 months.
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

Offline YesThatsMe

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Re: PSA: Don't swipe recklessly for others
« Reply #2119 on: February 17, 2019, 06:04:49 PM »
Not to scare you itís is 50-60M

You referring to S****? Itís not that bad.
« Last Edit: February 26, 2019, 03:43:44 PM by jj1000 »

Offline JACKBLUE

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Re: PSA: Don't swipe recklessly for others
« Reply #2120 on: February 17, 2019, 06:31:49 PM »
You referring to S****? Itís not that bad.
This with the other stories.....
« Last Edit: February 26, 2019, 03:43:54 PM by jj1000 »

Offline Chief Rabbi of New York

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Re: PSA: Don't swipe recklessly for others
« Reply #2121 on: February 17, 2019, 06:33:13 PM »
unless they have a printing press or win the lottery,
They ain't got the money to pay back,
The money is gone,
Cc were being charged to pay other cc's

According to some itís just frozen payments ?
Then they would have the funds for payment
Show Some Respect for Me, I am The Chief Rabbi of New York :)

Offline JACKBLUE

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Re: PSA: Don't swipe recklessly for others
« Reply #2122 on: February 17, 2019, 06:34:19 PM »
According to some itís just frozen payments ?
Then they would have the funds for payment
i donít think this is true.... besides the point they donít have enough to pay back everyone.... they owe tons of people money....

Online ExGingi

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Re: PSA: Don't swipe recklessly for others
« Reply #2123 on: February 17, 2019, 06:46:36 PM »
When a business is constantly losing money, or if owners treat the business accounts as their own personal accounts, and there's lots of cash flowing through the accounts (because people chose to finance this with their credit cards, without doing any due diligence), it's a game of musical chairs with more and more chairs being removed with every round.

I have seen business owners that have no clue about accounting, and have seen both sides of the story.

I've seen money losing businesses where the owners constantly paid personal expenses from business accounts (until the business was shuttered - just to open the next business). I have also seen profitable businesses that simply didn't know how to manage cash-flow. A review of their books and business practices, with some education, saved lots of money on bank fees and interest payments, and put the business finances into better perspective for the owner.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline Don Will

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Re: PSA: Don't swipe recklessly for others
« Reply #2124 on: February 17, 2019, 06:51:55 PM »
According to some itís just frozen payments ?
Then they would have the funds for payment
Nah. From what it seems from what people posted here is that although it could be they did have some money to pay, they were using other cards to pay previous cards. Once their credit card processing terminal was frozen whatever funds they have are inaccessible and now they are in a hole where it's impossible to pay everyone


Offline YesThatsMe

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Re: PSA: Don't swipe recklessly for others
« Reply #2125 on: February 17, 2019, 07:03:14 PM »
This with the other stories.....

Also not. The numbers are way exaggerated everywhere. Iíd recknown 15MM total is the max. Bad enough though.

Offline JACKBLUE

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Re: PSA: Don't swipe recklessly for others
« Reply #2126 on: February 17, 2019, 07:08:37 PM »
Also not. The numbers are way exaggerated everywhere. Iíd recknown 15MM total is the max. Bad enough though.
i wish you were right! But unfortunately youíre not.....

Offline knowitall

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Re: PSA: Don't swipe recklessly for others
« Reply #2127 on: February 17, 2019, 07:39:54 PM »
i wish you were right! But unfortunately youíre not.....
With the exception of the CH court docs, the ratio of Hock/talk to details on this thread is staggering
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Offline chevron

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Re: PSA: Don't swipe recklessly for others
« Reply #2129 on: February 17, 2019, 08:42:25 PM »
I'm still confused how the buzz fit in