r2d2 Posted April 3, 2019 Report Share Posted April 3, 2019 DCU aka DesiCreditUnion changed their loan policies due to numerous defaults in the aftermath of the dotcom bust.. Quote Link to comment Share on other sites More sharing options...
Raithu_bidda2 Posted April 3, 2019 Report Share Posted April 3, 2019 25 minutes ago, krishna0125 said: yes, Thousand of people both student visa and work visa took huge loans, credit cards in Ireland and UK and left to India without paying anything. very few got letters based on passport address from India operated banks and I think its just letters and they cant proceed legally. some banks even changed their policies after releasing what Indian students doing to their banks. Its a whole new thread topic how desi played the Europe banking system taking advantage of their loop holes. mostly mana desi galla motham fraud akkada nalla valatho kalisi chestharu. UK nundi evdaina India for good vellipothunta they are cash cows to them. This mafia even connection with bank managers who approve loan after taking bribes. Straight USA vachina vallaki evi emi teliyavu. In usa desi will fear even to leave $100 on CC bcz we always hope we come back sometime in future and dont want to mess up our credit history. After 7 year everything will reset. Good post aina chillar ga 100k andhi 100k on cc 100k on personal loan minimum vundali Quote Link to comment Share on other sites More sharing options...
jajjanaka_jandri Posted April 3, 2019 Report Share Posted April 3, 2019 2 hours ago, Android_Halwa said: If you take any loans or financial products and services, They are bound by the laws of United States and United States law jurisdiction. What ever you do the mess here, the mess stays here...no other country will be taking the liability because this is a civil issue, not a criminal issue. bro chinna doubt, how is nirav modi's issue criminal offense? third party involve ayyindi kabatta? Quote Link to comment Share on other sites More sharing options...
meandhrakurradu Posted April 3, 2019 Report Share Posted April 3, 2019 Ippudu final ga em telcharu, loan unna mingeyyacha leda ? Quote Link to comment Share on other sites More sharing options...
ekunadam_enkanna Posted April 3, 2019 Report Share Posted April 3, 2019 Quote 3 hours ago, Android_Halwa said: If you take any loans or financial products and services, They are bound by the laws of United States and United States law jurisdiction. What ever you do the mess here, the mess stays here...no other country will be taking the liability because this is a civil issue, not a criminal issue. Quote bro chinna doubt, how is nirav modi's issue criminal offense? third party involve ayyindi kabatta? Even though loan contracts are civil contracts, they can become criminal, the moment any fraud is involved. If you look at any court disputes in civil matters, it is always between credit card company and our guys. Imagine some desi student defrauds many financial institutions and the amount is $1M. That's when feds get involved. Now the case is between USA vs. our guy. Here, US can extradite our bujji from India, because US has an extradition treaty with India. Some factors involved in this are: how much money; fraudulent intent. Usually, feds don't take cases for $100K loss to 10 cc banks. However, if feds want to teach a lesson, they can go after them. (This is similar to how feds are going after mesthris, as they want to teach a lesson to these bodyshops; same thing happened after 2009 crash: they went after people who committed mortgage fraud, ninja loans, etc). Quote Link to comment Share on other sites More sharing options...
k2s Posted April 3, 2019 Report Share Posted April 3, 2019 4 hours ago, toranam said: As i mentioned earlier what happens to those ..please genuine replies only Refer below thread danikosamani Emi kadu Quote Link to comment Share on other sites More sharing options...
meandhrakurradu Posted April 3, 2019 Report Share Posted April 3, 2019 13 hours ago, ekunadam_enkanna said: Even though loan contracts are civil contracts, they can become criminal, the moment any fraud is involved. If you look at any court disputes in civil matters, it is always between credit card company and our guys. Imagine some desi student defrauds many financial institutions and the amount is $1M. That's when feds get involved. Now the case is between USA vs. our guy. Here, US can extradite our bujji from India, because US has an extradition treaty with India. Some factors involved in this are: how much money; fraudulent intent. Usually, feds don't take cases for $100K loss to 10 cc banks. However, if feds want to teach a lesson, they can go after them. (This is similar to how feds are going after mesthris, as they want to teach a lesson to these bodyshops; same thing happened after 2009 crash: they went after people who committed mortgage fraud, ninja loans, etc). So oka vela ega mingi India elipote, they can come after you if they want even for 100k But ostara leda anedi telidu antega ? Quote Link to comment Share on other sites More sharing options...
user789 Posted April 3, 2019 Report Share Posted April 3, 2019 19 hours ago, toranam said: As i mentioned earlier what happens to those ..please genuine replies only Refer below thread danikosamani So far entha chesavu? Quote Link to comment Share on other sites More sharing options...
samaja_varagamana Posted April 3, 2019 Report Share Posted April 3, 2019 19 hours ago, JohnSnow said: Inkeppudu usa raanu + Citi bank lanti international banks tho india lo credit cards theesukonu ante okay. Quote Link to comment Share on other sites More sharing options...
user789 Posted April 3, 2019 Report Share Posted April 3, 2019 15 hours ago, jajjanaka_jandri said: bro chinna doubt, how is nirav modi's issue criminal offense? third party involve ayyindi kabatta? Did you apologize to your parents yet? Quote Link to comment Share on other sites More sharing options...
LazyRohit Posted April 3, 2019 Report Share Posted April 3, 2019 16 hours ago, r2d2 said: DCU aka DesiCreditUnion changed their loan policies due to numerous defaults in the aftermath of the dotcom bust.. em chesaru ? what new policies Ind vacchi adugutara? Quote Link to comment Share on other sites More sharing options...
kevinUsa Posted April 3, 2019 Report Share Posted April 3, 2019 bofa vadiki oka 4k credit counselling cheddam anukuntunna vadiki chala sarlu credit line increase cheyamani adiga no use so Quote Link to comment Share on other sites More sharing options...
jajjanaka_jandri Posted April 3, 2019 Report Share Posted April 3, 2019 1 hour ago, user789 said: Did you apologize to your parents yet? no man, I dont feel like doing it Quote Link to comment Share on other sites More sharing options...
toranam Posted April 5, 2019 Author Report Share Posted April 5, 2019 On 4/2/2019 at 8:52 PM, krishna0125 said: yes, Thousand of people both student visa and work visa took huge loans, credit cards in Ireland and UK and left to India without paying anything. very few got letters based on passport address from India operated banks and I think its just letters and they cant proceed legally. some banks even changed their policies after releasing what Indian students doing to their banks. Its a whole new thread topic how desi played the Europe banking system taking advantage of their loop holes. mostly mana desi galla motham fraud akkada nalla valatho kalisi chestharu. UK nundi evdaina India for good vellipothunta they are cash cows to them. This mafia even connection with bank managers who approve loan after taking bribes. Straight USA vachina vallaki evi emi teliyavu. In usa desi will fear even to leave $100 on CC bcz we always hope we come back sometime in future and dont want to mess up our credit history. After 7 year everything will reset. GP Quote Link to comment Share on other sites More sharing options...
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