Pradumya
TF Ace
Treat those interest and fees as your tuition fees for learning this lesson.
If you somehow manage to get away with just principal payment then you won't hesitate to repeat this process again. Just basic psychology.
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opening too many credit cards has ruined my finances
- Thread starter random1229
- Start date
💯 💯 💯
shutapdiya
TF Legend
@Random123 bhai I hope this is not you 😐
What's the history?😆
doraemon
TF Legend
As I said earlier
Even though he escaped now
Think of the parents who don't even know that his son had done that
How will be their life ?
And think of society at large(yeah it matters a lot)
And in long term horizon it's just 4 lakh and as u are rotating that much money
That means it should be in your accounts
Where did u spent all that?
Come clean bro
No one gives a fcuk about you
We don't even know you and are not at all interested as well
It will be beneficial for u if u come clean and tell us whole scenario
Because even if u rotate 1 cr that should be somewhere na?
Or u spend them without even thinking payments
And don't try to fool yourself
Try to talk with parents
It's not an big issue tbh
Even though he escaped now
Think of the parents who don't even know that his son had done that
How will be their life ?
And think of society at large(yeah it matters a lot)
And in long term horizon it's just 4 lakh and as u are rotating that much money
That means it should be in your accounts
Where did u spent all that?
Come clean bro
No one gives a fcuk about you
We don't even know you and are not at all interested as well
It will be beneficial for u if u come clean and tell us whole scenario
Because even if u rotate 1 cr that should be somewhere na?
Or u spend them without even thinking payments
And don't try to fool yourself
Try to talk with parents
It's not an big issue tbh
In the scehme of things and in respect to life .. this issue is less than the size of peanut...
An eye opening lesson specially for students applying and relying too heavily on many credit cards, everything thing has a proper time to be indulged in.
These banks approve their applications deliberately expecting negligence on their part sooner or later whereas the students think they are accomplishing great things and their credit score will be a star or their resume.
Whereas the reality is people chase credit scores when they are unable to achieve academic scores. This credit score/profile will serve no purpose, and don't bother abt home loans, you can still acquire it lowest interest when the bank manager knows you are a top accomplished professional. Credit score will build automatically when one starts earning well.
These banks approve their applications deliberately expecting negligence on their part sooner or later whereas the students think they are accomplishing great things and their credit score will be a star or their resume.
Whereas the reality is people chase credit scores when they are unable to achieve academic scores. This credit score/profile will serve no purpose, and don't bother abt home loans, you can still acquire it lowest interest when the bank manager knows you are a top accomplished professional. Credit score will build automatically when one starts earning well.
varun__goel_
TF Prestige
There's no point in giving him advices. He is totally addicted with CCs
Stop wasting your time here
I gave him the best advice one could give and his next question was will my other cards be blocked or will banks issue cards again in future. Nothing else 🤣
I was like seriously dude??
doraemon
TF Legend
Earlier he was trying to flee away to a foreign country.
Now concerned about retaining the cards. 🤐
That is why I did not participate in the discussion.
I know from the beginning that it would be a waste of time.
reasons being:
1) He has been doing this for the last 4 years.. it is not an innocent mistake or spur of the moment thing.
He has been deliberately doing this for an extended period of time.. Probably he knows more tricks than all of us put together.
2) He came to us only after the sh*t hit the fan.. Had everything would have been right.. he would have continued to do the same for the next 4 years.
3) who on the earth will forget payment of bills.. Its only because all the loop holes were closed and he could not pay his bills., going on vacation and forgetting the bills is not a believable story..
etc etc..
He is completely aware of all the actions and thier consequences.. He just wanted to know if anyone else know the tricks that he was not aware of ...
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He should understand default is not limited to card closure or Credit Score degradation but will be going to recovery procedure which is most of the times pretty ugly.
It would have happened anyway..
Bcz as he said himself that he pays the bill using other CC..
So in one card or the other, there will be outstanding amount at any given time..
OP is making up the vacation scenario , cross payment chain was broken somewhere and he fell in the well.
So, in essence, there are no chairs left to continue playing the musical chairs.. The music also stopped playing ...
RAMESH BABU N
TF Legend
After seeing this genius n his works, anyday I will prefer to have someone WITHOUT SUCH A GENIUS ENGINEERING GRADUATE.
FYI, both my sons n DILs are Top Class BEs/BTechs. And, all my employees are/were similar top class n committed Engineers.
yes.. but he is asking for help and getting flak.. no one will ask for help again if we berate the point.. He is definitely in-experienced and has got into a hole.. and still seems to be immature about the situation which is very sad.. But i think we shd all focus on the problem, try and help and leave him to sort out his shit *..Just replying to this thread but guess its for all of us... @random1229
You have been given lots of inputs.. choice is yours.. be mature and listen to the good advice given by all the senior cc experts.. Your actions and reactions will decide and dictate your future.. you can never run away from dues.. and it will come back to bite you and your family.. they will get harassed here even if you leave country.. . its a lesson for all of us.. thanks for coming forward and sharing.. now fix it.. no point in any more discussion
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