How to stop bank from issue credit card to some ppl?

[Curahee]

I would like to know are there any ways to stop all the banks in spore to issue credit cards to some ppl? Why i ask this question is becoz my friend sis got a serious problem of abusive spending, she rack up over 90k of unpaid credit card bills within 2 yrs. First time is about 28k, second time 18k. End up my friend need to sell his house (they live together, co own the flat, parent no longer around) and use his saving to paid off the bill. He cancelled all her cards. However, she nv learn the lesson and her sis apply again and this time bills was sent to her office address so that my friend can't monitor her card usage and now the bill amt to 45k. Anyway i dunno how he gg to pay off this 45k, maybe sell house again. Hence i would like to know are there any ways to stop ppl from applying credit card juz like how we can stop family members from entering into casino. Thanks!

 

 

[Watwheels]

This is tough. The only way I can think of is to make her declare a bankrupt. She will be rejected by the banks.

[Mcf777]

Pick 1 bank and quarrel with them. Refuse to make payment.

Let them blacklist her at Credit Bureau.

[Curahee]

This is tough. The only way I can think of is to make her declare a bankrupt. She will be rejected by the banks.

 

As the flat is own by both of my friend n her sis, if declare bankruptcy, will teh flat be gone as well?

[Unidentified]

i think she should be sent to jail,she used cards like druggie on heroin.

no drugs will go rob and whack those elderly inside lifts.

 

[Tarzan666]

Wah..I got a frd BIL apply multiple credit card..racked up 100k+ in CC bills to feed his drug habits.

 

The inlaw & family had to pay off the debt...since nw he is in DRC.

[SimonTan]

Your friend made the mistake of selling the house to pay the loan the first time.

There was no bankruptcy or black listing of the person in the first time.

 

This time must be firm....let the bank sue and made her bankrupt.

Rather use the $45k to feed her slowly each month....can last for 45month or more.

If not, after wasting $45k, she will still borrow and get into trouble.

 

It's hard...but it need to be done this way....there are no other ways at all.

 

Or perhaps, she was under gong tau by her BF into feeding money to BF please hire PI to check her BFs.

 

Pick 1 bank and quarrel with them. Refuse to make payment.

Let them blacklist her at Credit Bureau.

 

[Tanolis]

Your friend made the mistake of selling the house to pay the loan the first time.

There was no bankruptcy or black listing of the person in the first time.

 

This time must be firm....let the bank sue and made her bankrupt.

Rather use the $45k to feed her slowly each month....can last for 45month or more.

If not, after wasting $45k, she will still borrow and get into trouble.

 

It's hard...but it need to be done this way....there are no other ways at all.

 

Or perhaps, she was under gong tau by her BF into feeding money to BF please hire PI to check her BFs.

 

I have to agree. There is no way she will feel any pain unless she is hurt by it.

Selling the house to clear the debt was a problem in the first place.

 

Let the banks blacklist her. That would be a good thing for her to learn.

[Windwaver]

Hence i would like to know are there any ways to stop ppl from applying credit card juz like how we can stop family members from entering into casino. Thanks!

 

From my understanding there's no such regulation in place. Try calling Singapore Credit Bureau at 6565 6363, they might have experience with such cases before.

[Ender]

Maybe she bought a car for her BF. Must check if she got this parasitic BF.

[CH_CO]

I would like to know are there any ways to stop all the banks in spore to issue credit cards to some ppl? Why i ask this question is becoz my friend sis got a serious problem of abusive spending, she rack up over 90k of unpaid credit card bills within 2 yrs. First time is about 28k, second time 18k. End up my friend need to sell his house (they live together, co own the flat, parent no longer around) and use his saving to paid off the bill. He cancelled all her cards. However, she nv learn the lesson and her sis apply again and this time bills was sent to her office address so that my friend can't monitor her card usage and now the bill amt to 45k. Anyway i dunno how he gg to pay off this 45k, maybe sell house again. Hence i would like to know are there any ways to stop ppl from applying credit card juz like how we can stop family members from entering into casino. Thanks!

 

1. Simple way , make her a bankrupt. Credit bureau will not issue her another credit card until she clears her status. No point covering a bottomless pit.

 

2. As long as it is a hdb , she cannot force your friend to sell the house as the house doesn't belong to her 50-50. Tell the banks that your friend is not willing to sell. End of story. The banks won't stop issuing cards to your friend's sister as she is the best kind of people to give the cards to. Big spending and someone willing to foot the bill for her.

 

My advice is just let her die and talk to the banks to declare her bankrupt. Once bankrupt then slowly talk to the bank for a repayment plan and slowly work it out. If settled nicely , her company won't even be known of her bankruptcy , probably only the HR dept and it can be kept hush hush. My 2 cents worth.

Edited February 14, 2012 by CH_CO

[Mllcg]

bank wont reject giving out cards la.

 

they earn from your interest.

 

unless u show u cant pay, they will gladly offer u.

[CH_CO]

Seriously this is the most common problem in the credit dept , anyhow throw one stone on someone below 35 and working , chances are you can find a credit card on them and chances are they are "rolling" on their debts despite their "branded" outlook.

 

Anyway it is getting to be a social problem and it will continue to be a problem as this is a money making bussiness for the banks which in turn pays taxes to the governments , so will the garmen kill a cash cow by ensuring strict rules to control it?

 

Just imagine 50k debt , 24% compounding , meaning every year you got to pay close 13k interest a year for nothing. Seriously this is common lah , just tell your friend to let the girl become bankrupt.

 

I have being always advicing against the blantant use of loose credit but no one bothers. Just let her get her just deserves. Just a frank advice from someone which from the credit dept.

Edited February 14, 2012 by CH_CO

[Vid]

As the flat is own by both of my friend n her sis, if declare bankruptcy, will teh flat be gone as well?

 

If HDB flat, it is protect from bankrupcy. Let the sis be bankrupt. Nothing will happen to the flat.

[Vhtfhwlego]

friend sis pretty??? sell body easy to recover debts...

 

Anyway, I am serious....

Got a friend whom recently jailed for 6 years...

Scammed people $6.2M, recovered about $5.5M - $700K @ MBS.

 

6 years discount = 5years, 3 days.

$700K over 1829 days = $382.72 per day.

 

So, will you let trade body over $ lost at MBS?

[CH_CO]

friend sis pretty??? sell body easy to recover debts...

 

Anyway, I am serious....

Got a friend whom recently jailed for 6 years...

Scammed people $6.2M, recovered about $5.5M - $700K @ MBS.

 

6 years discount = 5years, 3 days.

$700K over 1829 days = $382.72 per day.

 

So, will you let trade body over $ lost at MBS?

 

Give me if i scam i run road liaoz , go overseas buying another indentity and stay there and just jump a few times, if brave enough come back as a FT, Sg not so smart to track you one unless you are a terrorist or some major scammer like madoff , just look at mas selamat , also people offer cash on him then kana caught.

 

Capable of scamming 6 mil still let people take back , seriously waste time.

Edited February 14, 2012 by CH_CO

[Tanolis]

Give me if i scam i run road liaoz , go overseas buying another indentity and stay there and just jump a few times, if brave enough come back as a FT, Sg not so smart to track you one unless you are a terrorist or some major scammer like madoff , just look at mas selamat , also people offer cash on him then kana caught.

 

Capable of scamming 6 mil still let people take back , seriously waste time.

 

Actually, the scam sounds like he lost the entire 6 mil, that is why no chance to run away.

[Vhtfhwlego]

Give me if i scam i run road liaoz , go overseas buying another indentity and stay there and just jump a few times, if brave enough come back as a FT, Sg not so smart to track you one unless you are a terrorist or some major scammer like madoff , just look at mas selamat , also people offer cash on him then kana caught.

 

Capable of scamming 6 mil still let people take back , seriously waste time.

6M not 1 time... over several businesses like diamonds, Universal Studios, Travel (main bulk from here), oil etc...