Author Topic: PSA: Don't swipe recklessly for others  (Read 274025 times)

Offline TimT

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Re: PSA: Don't swipe recklessly for others
« Reply #3045 on: March 05, 2019, 02:15:04 PM »
I'm going to be interviewed by him tomorrow.
What topics should I bring up?
Just you or another panel ?

Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #3046 on: March 05, 2019, 02:15:56 PM »
Just you or another panel ?
No idea. Didn't know last time it was a panel either.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline CS1

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Re: PSA: Don't swipe recklessly for others
« Reply #3047 on: March 05, 2019, 02:18:24 PM »
I'm going to be interviewed by him tomorrow.
What topics should I bring up?

reinforce caution, education, and that all deals need to be made in writing, and that we need to pass this onto the current generation.

Also, perhaps an emphasis on how personal credit follows each individual for a long time. It can be valuable when treated carefully.
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Offline knowitall

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Re: PSA: Don't swipe recklessly for others
« Reply #3048 on: March 05, 2019, 02:23:47 PM »
I'm going to be interviewed by him tomorrow.
What topics should I bring up?
IMHO:
Besides the topics others have mentioned:
1) Huge misconception: You can just dispute anything.
2) if you wouldnít hand over a suitcase of cash, donít give out your CC
3) stay away from farmers
4) the difference between a secured loan and unsecured

Offline yosefchaim

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Re: PSA: Don't swipe recklessly for others
« Reply #3049 on: March 05, 2019, 02:50:24 PM »
2) if you wouldnít hand over a suitcase of cash, donít give out your CC
-1 People made lots of money off the points, and they're only risking their Credit. If they have no plan on buying a house... then it might have been worth the risk. People made $15k every 6 weeks.  I would probably risk my credit for that, if I assumed it would go on for months or years.

Offline churnbabychurn

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Re: PSA: Don't swipe recklessly for others
« Reply #3050 on: March 05, 2019, 02:52:17 PM »
I'm going to be interviewed by him tomorrow.
What topics should I bring up?
He's notorious for post interview edits.. don't think you would care much...

Offline knowitall

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Re: PSA: Don't swipe recklessly for others
« Reply #3051 on: March 05, 2019, 03:00:37 PM »
-1 People made lots of money off the points, and they're only risking their Credit. If they have no plan on buying a house... then it might have been worth the risk. People made $15k every 6 weeks.  I would probably risk my credit for that, if I assumed it would go on for months or years.
Like others have mentioned itís nearly impossible to earn $15,000 every 6 weeks while risking only one persons credit. Thatís $750,000 on a 2% card. Nevertheless, your point stands.

Offline tov hashem

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Re: PSA: Don't swipe recklessly for others
« Reply #3052 on: March 05, 2019, 03:05:30 PM »
what would be the easiest way to secure borrowing a credit card lets say for a legit business to use my cards and to pay it when due on a monthly basis is there anyway to secure the money? (lets say a lean  on property)
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Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #3053 on: March 05, 2019, 03:09:07 PM »
1) Huge misconception: You can just dispute anything.
On what basis are you disputing?
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Offline pointer

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Re: PSA: Don't swipe recklessly for others
« Reply #3054 on: March 05, 2019, 03:10:53 PM »
On what basis are you disputing?
No, no
That is the misconception he's is referring to, people think you can dispute anything 

Offline mmgfarb

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Re: PSA: Don't swipe recklessly for others
« Reply #3055 on: March 05, 2019, 03:12:28 PM »
Like others have mentioned itís nearly impossible to earn $15,000 every 6 weeks while risking only one persons credit. Thatís $750,000 on a 2% card. Nevertheless, your point stands.
It's doable
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Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #3056 on: March 05, 2019, 03:14:36 PM »
No, no
That is the misconception he's is referring to, people think you can dispute anything 
Gotcha. But on the flip side, I'm hearing too many lawyers on the other side advising against disputing. The trick (b'dieved) is probably figuring out what exactly to dispute.
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Offline Yehuda57

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Re: PSA: Don't swipe recklessly for others
« Reply #3057 on: March 05, 2019, 03:16:34 PM »
I'm going to be interviewed by him tomorrow.
What topics should I bring up?
The need for financial literacy education.  (he will eat this up like crazy) This doesn't mean learning math, science or economics, but the basic concepts of budgeting, interest, loans, etc.

The investment misnomer - these were loans at best, most victims probably didn't even think they were doing that.

The halachic ramifications of disputing charges.

People don't have to be willfully trying to scam you, some probably have the best of intentions.
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Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #3058 on: March 05, 2019, 03:17:31 PM »
The halachic ramifications of disputing charges.
Namely?
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Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #3059 on: March 05, 2019, 03:17:59 PM »
Twerski said he's involved in $50M of these cases.
Which side is he on in which case?
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