What is this cards scam?

[bharathicement]

2 hours ago, Konebhar6 said:

Read the whole thread .. understood the scam .. But what cards are they taking .. 

The same thing baa. -- the managers issue new cards or top up credit limits to the Max. possible of the existing cards. The card issued to the student will be handed over to the brokers before the topup .. the broker withdraws max possible and leave a small amount to the student before they leave the UK.

You have a credit card today with limit $1000 and tomorrow you get a new limit of $50,000. Isn't it a magic?? And you have 5-10 such cards.

But your cards are not with you tomorrow morning. But will be with the brokers. And you are at the mercy of them - you beg for a pittance.

 

[Konebhar6]

1 hour ago, bharathicement said:

The same thing baa. -- the managers issue new cards or top up credit limits to the Max. possible of the existing cards. The card issued to the student will be handed over to the brokers before the topup .. the broker withdraws max possible and leave a small amount to the student before they leave the UK.

You have a credit card today with limit $1000 and tomorrow you get a new limit of $50,000. Isn't it a magic?? And you have 5-10 such cards.

But your cards are not with you tomorrow morning. But will be with the brokers. And you are at the mercy of them - you beg for a pittance.

 

The student or customer has to give his address and the banks send the cards to their address. Why would the student handover the card to the broker/agent. -> They probably bully or have goons personally take the student to their mail box and take it. That's scary

15 yrs back I know a friend who did the same in US or UK (don't remember). When he was in hyderabad, the reps or the collection agents came to his house and did not let him go until he paid money. It took some time for them to figure out his address in hyd. I heard the collection agencies are now global as most of these financial institutions are global. 

Problem for these people is .. .they get greedy for a few dollars .. .and do not realize they are on the collection agencies list and the whole debt is on their name .. 

Its a good business for brokers and bank higher ups. 

 

[reality]

2 hours ago, bharathicement said:

But your cards are not with you tomorrow morning. But will be with the brokers. And you are at the mercy of them - you beg for a pittance.

Idhi thelisi kuda endhuku cards “kottinchukuntaru”? What’s the trap?

[reality]

20 minutes ago, Konebhar6 said:

Why would the student handover the card to the broker/agent

adhe na qochen also

[nokia123]

41 minutes ago, Konebhar6 said:

The student or customer has to give his address and the banks send the cards to their address. Why would the student handover the card to the broker/agent. -> They probably bully or have goons personally take the student to their mail box and take it. That's scary

15 yrs back I know a friend who did the same in US or UK (don't remember). When he was in hyderabad, the reps or the collection agents came to his house and did not let him go until he paid money. It took some time for them to figure out his address in hyd. I heard the collection agencies are now global as most of these financial institutions are global. 

Problem for these people is .. .they get greedy for a few dollars .. .and do not realize they are on the collection agencies list and the whole debt is on their name .. 

Its a good business for brokers and bank higher ups. 

 

MS fren ittage sesindu 2013 la.. cc and loans anni kalipi 75k theesukoni desaniki jump … evaru raale dabbulu venakki katta mani 

[Konebhar6]

1 hour ago, nokia123 said:

MS fren ittage sesindu 2013 la.. cc and loans anni kalipi 75k theesukoni desaniki jump … evaru raale dabbulu venakki katta mani 

lucky him ... I have heard similar scams in New Zealand as well. @islander your view?

I remember my friends situation better now. He took Personal credit cards, maxed them out in Bangalore with all possible ... and came back to hyd with out paying. They tracked him after some time. 

[islander]

54 minutes ago, Konebhar6 said:

lucky him ... I have heard similar scams in New Zealand as well. @islander your view?

I remember my friends situation better now. He took Personal credit cards, maxed them out in Bangalore with all possible ... and came back to hyd with out paying. They tracked him after some time. 

Yeah I head similar things happened in NZ too before Covid..then banks anni strict chesi PR leni vallaki Credit Cards ivvadan aapesai..very very rare isstunaru loan/credit cards PR leni vallaki..

this move stopped most of these crimes

[Tellugodu]

3 hours ago, nokia123 said:

MS fren ittage sesindu 2013 la.. cc and loans anni kalipi 75k theesukoni desaniki jump … evaru raale dabbulu venakki katta mani 

Vadu eekadae unte, he might have made 10X of that amount and possibly GC during Covid, kada??

[nokia123]

6 hours ago, Tellugodu said:

Vadu eekadae unte, he might have made 10X of that amount and possibly GC during Covid, kada??

He is doing real estate in hyd and earning 10X of the amount he would have made working here. H1 lottery lo pick kaale and opt meedha sese job lo rendu saarlu bhobba mannaru…so he lost intrest in doing 9-5 jobs and went back 

[idibezwada]

mana andriod hawala uncle sesindi ide ani talk kada? not sure how true it is