woman loses 17000 dollars over credit card loss.
what kind of consumer protection is this....
what kind of governance is this!!!!
I hope the all the banks who insist on paying all bills that is charged by thieves will go to court and sent to jail ..
my family and I owe some creadit card too .... knn....
how to fix daily withdrawal limit for credit cards?? is it posibble.
In this case... the bank that ask to pay up is CITIBANK....!!!!
I hope DBS, OUB, OCBC dun be like that also.....
would any thief be nice and charge $10.50 to the card only, after all the effort of stealing the card?
HER credit cards, stolen without her knowledge, funded somebody's shopping spree comprising three Rolex watches worth $5,700 each. The goods and thieves are gone. All cardholder Tan Shock Ling, 39, is left with is a $17,100 bill.
The banks are insisting she must pay up, because the transactions took place before she reported the loss of the cards. But the human resource administration manager asked: 'How can I be liable when this is an obvious case of theft?'
If Ms Tan does not pay up, she will incur late-payment charges and interest.
Originally posted by trendz:where’s the full report/article?
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_402433.html
There you go.
according to terms anc conditions... it does state that customers is liable to pay up bill charged by a fu--er thief if they report the loss after the bill has been charged and used by the thief..!!!!
YA YA i noe about T and C... But what kind of service are we giving our citizens when we enticed them with free gifts and poor advice when we asked to sign out the card in the first place!!!!
I Urged all singaporeans to stop signing up and boycott all stupid credit card schemes UNTIL THEY CHANGE THE WAY THEY ADVICE US PROPERLY ABOUT THE DANGER OF CREDIT CARD!!!!!!!!!!!!!!!!!!!!!!!!
COME ON>>its time to show the power of the citizens!!!!!!!!!!!!!!SPREAD THE WORD........
I want this thread and the power of citizens, and the problem of the credit card poor advice and selling system to GO ALL THE WAY UP to
FINANCE minister , Thurman ears, and tell him that he better change this structure ASAP or else i am going to kick his butt for taking my tax money and yet allowing this kind of poor advisory system of taking up credit card....
as we can see..
miss Tan Shock Ling, the victim, has been the trigger for overhauling the credit card system..... she has been the sacrifice...
Dude, which planet are you from? Banks do daylight robberies in all countries. In my words, banks are just organised legal crime units. lolz.. U need to know what you are getting yourself into.
This is no different from those Sim Lim Square cheats threads. I do pity with the victims but we have to be on the watch all the time.
My dad was robbed of his wallet while travelling in Paris but he immediately called the banks and reported the incident and also lodged a police report. The thieves made purchase of a laptop and a few other stuff but we were immediately refunded back the money.
i have just cut up my mastercard credit card into 3 pieces... i dun use the card also anyway...
as for my atm card.... which can be used for debit card... i has vandalise the singature section with pen marks...
cos i ask the counter staff he says new normal atm card need 5 dollars replacement...
will my pen mark method work??? it will work if the shop cashier got look at my card and realise that the signature section is vandalise...
it will not work if the cashier is a idiot who dun bother checking the signature...
debit card, just limit the amount of money in that accout............
What I would like to know is.....
How much time elapsed between the theft and the reporting of loss to the credit card companies?
Originally posted by coolgeek84:Dude, which planet are you from? Banks do daylight robberies in all countries. In my words, banks are just organised legal crime units. lolz.. U need to know what you are getting yourself into.
This is no different from those Sim Lim Square cheats threads. I do pity with the victims but we have to be on the watch all the time.
My dad was robbed of his wallet while travelling in Paris but he immediately called the banks and reported the incident and also lodged a police report. The thieves made purchase of a laptop and a few other stuff but we were immediately refunded back the money.
as you say.... you do pity the victims... and victims are the commoners like us with no inside knowledge....
its impossible to watch your wallets all the time and make sure your credit card is there.... which human beings is idiotic enough to check his card every hour unless he has obessive compulsive behavior....
Its the SYSTEM!!!..... the system has been designed wrongly.....
Not every bank is like your father example.... like the poor woman....
Originally posted by fudgester:What I would like to know is.....
How much time elapsed between the theft and the reporting of loss to the credit card companies?
1 minute and 54 seconds.
Originally posted by january:
1 minute and 54 seconds.
So exact? She called the company 1 minute 54 seconds after discovering the theft?
dun of course i dunno....
when you lose something... its not everytime you will realize immediately... i could lose something and realize 1 week later...
Originally posted by january:as you say.... you do pity the victims... and victims are the commoners like us with no inside knowledge....
its impossible to watch your wallets all the time and make sure your credit card is there.... which human beings is idiotic enough to check his card every hour unless he has obessive compulsive behavior....
Its the SYSTEM!!!..... the system has been designed wrongly.....
Not every bank is like your father example.... like the poor woman....
i do.
and i am afraid i do have ocd already.
Originally posted by january:dun of course i dunno....
when you lose something... its not everytime you will realize immediately... i could lose something and realize 1 week later...
and you expect the bank to be responsible for your own irresponsibility?
Originally posted by january:dun of course i dunno....
when you lose something... its not everytime you will realize immediately... i could lose something and realize 1 week later...
That's the thing.
If she discovered the theft and reported it to the company five minutes later, then I may still sympathize with her.
But for all you know, she may have dilly-dallied and reported it only a few hours after discovery. I don't know, you don't know; but she knows.
In the first place, how was the card stolen? Did she take reasonable precautions to prevent people from stealing it?
Must come out with new security features such as maybe next time when you using credit card to pay must scan your fingerprints first or key in PIN number and if it matches than the transaction can take place
Originally posted by FireIce:would any thief be nice and charge $10.50 to the card only, after all the effort of stealing the card?
nice one.
Originally posted by yourmotherrr:nice one.
who is nicer?
call the bank credit card centre lah, they can fix your limit anytime.
the best is dun hv credit cards unless you need to travel, like me, use cashcard and nets can liao.
well be more careful with your own belonging. especially cards, credit cards.
some people like to show off their cards until it got stolen or used by someone else.
but the thief should be able to trace. the shop the theif went to should have CCTV etc.
the seller should know how he/she look like.
and also the bank do not know if the lady is a part of the scam, like telling someone she know to use her card and buy rolex in the end claimed the card was stolen and then get away with nothing.
if she don't like she can don't sign for the card. who tell her to sign for her card and then never take card of it. it's her to be blame too. the bank? they just do what it is to do, she don't sign for it, thousands of citizen will sign for it.
anyway, how to prove she's "INNOCENT"?
she got to prove it. like during the time the card is being used. she's at some place when people can see her.
like example she's giving a speech at some place and then the card she's holding is being used by someone, and people can prove that she's not the one who used the card.
and also, again, she might told someone to use the card on her behalf. so it really doesn't matter.
just say she's sawy.
i don't remember card limit can be up to 17K. well it is a gold card? for normal platinum card the limit is up to 5K.