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Who's Your Daddy?
Joined: 30 May 2010
Location: Victoria, Canada.
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 Posted: Wed Aug 21, 2013 4:04 am Post subject: |
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| Steelrails wrote: |
You know, I've always wondered why they don't employ Italian-Americans or Smooth Angry Black Men as bill collector callers. Usually its some dopey secretary type or some guy from India.
Imagine if you got a call from "Vinny & Nunzio's Debt Solutions". "This is Vinny at Vinny & Nunzios. For the past coupla days, wev been tryin to get ahold of yous. If you do not contact us in the next 48 hours, we'll be forced to 'contact' you."
Bills would get paid. |
Sometimes I get little business cards on my door offering debt. I'm pretty sure they are the mafia, and the Korean equivalent to Vinny would be visiting if you didn't pay. Of course they might send a nice man/woman to give you the debt initially.
But I don't have much sympathy for people who don't pay their debts. And there are some that plan on defaulting when they take loans - that makes me wish there was a debtors prison, because that's just theft. |
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Died By Bear
Joined: 13 Jul 2010
Location: On the big lake they call Gitche Gumee
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| Posted: Wed Aug 21, 2013 4:09 am Post subject: |
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| As long as you pay your bills, other people won't affect your credit in Korea. Maybe your rep, but not your credit rating. So what, his problem not mine. Let him deal with it. Why even bother to admonish someone for not having any common sense? This is Korea after all. Look at what comes and goes on this website over the years. It's entertaining. |
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robbie_davies
Joined: 16 Jun 2013
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| Posted: Wed Aug 21, 2013 5:11 am Post subject: |
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| Steelrails wrote: |
| robbie_davies wrote: |
| transmogrifier wrote: |
| And given the Korean tendency to associate the actions of the individual with the actions of the group |
Well don't encourage them because there is no excuse for Koreans to brand us all on the actions of the OP. None whatsoever. |
Agreed.
A phrase to remember when posters talk about Koreans as well, which some posters seem to give a pass to. |
They don't Steelrails, you are always being proven wrong on this one. |
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Steelrails
Joined: 12 Mar 2009
Location: Earth, Solar System
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| Posted: Wed Aug 21, 2013 7:13 am Post subject: |
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| robbie_davies wrote: |
| Steelrails wrote: |
| robbie_davies wrote: |
| transmogrifier wrote: |
| And given the Korean tendency to associate the actions of the individual with the actions of the group |
Well don't encourage them because there is no excuse for Koreans to brand us all on the actions of the OP. None whatsoever. |
Agreed.
A phrase to remember when posters talk about Koreans as well, which some posters seem to give a pass to. |
They don't Steelrails, you are always being proven wrong on this one. |
They do. And you deceive your heart if you think it otherwise. |
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Julius
Joined: 27 Jul 2006
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| Posted: Wed Aug 21, 2013 7:56 am Post subject: |
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| robbie_davies wrote: |
| there is no excuse for Koreans to brand us all on the actions of the OP. None whatsoever. |
There is an excuse however for banks, storecards and similar financial institutions to protect themselves.
Obviously a foreigner without family links to the country who possesses residency and citizenship in another land is a higher risk and logically should be considered as such.
Most 20-something westerners are only here for a year or two tops and they blow half their cash partying at the weekends. Any department store handing out generous credit lines to such a demographic needs their head examined.
Banks don't give foreigners credit easily. It amazes me that department stores do. |
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Ginormousaurus
Joined: 27 Jul 2006
Location: 700 Ft. Pulpit
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| Posted: Wed Aug 21, 2013 8:10 am Post subject: |
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| Julius wrote: |
Obviously a foreigner without family links to the country who possesses residency and citizenship in another land is a higher risk and logically should be considered as such.
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But profiling is sooo racist. /sarcasm |
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Steelrails
Joined: 12 Mar 2009
Location: Earth, Solar System
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| Posted: Wed Aug 21, 2013 8:23 am Post subject: |
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What's funny is that there is a thread about some girl asking for donations and NO ONE is willing to chip her any money. The reason no one will give her money is the same reason no one will give US any money.
"But I'm nothing like her" you say.
Sorry, but in the 'Big Credit Picture', you are. If you want to know why Korean banks are so hard on us, look at that thread.
How much money would you give her? 10 bucks? 100? In the financial sector, 100 bucks might as well be 5000. That's how low you are on the totem pole. 10 dollars=5000. The loan bracket of 'Peasant'. |
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nate1983
Joined: 30 Mar 2008
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| Posted: Wed Aug 21, 2013 6:29 pm Post subject: |
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| Who's Your Daddy? wrote: |
Sometimes I get little business cards on my door offering debt. |
I imagine they're actually offering credit (unless they're trying to sell you someone else's debt, but people usually don't do that door-to-door) - although it is kind of funny to phrase it as them offering to put you into debt. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Wed Aug 21, 2013 7:16 pm Post subject: |
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| Died By Bear wrote: |
| As long as you pay your bills, other people won't affect your credit in Korea. Maybe your rep, but not your credit rating. So what, his problem not mine. Let him deal with it. Why even bother to admonish someone for not having any common sense? This is Korea after all. Look at what comes and goes on this website over the years. It's entertaining. |
Fails to explain why foriegners are restricted when Koreans aren't. I haven't asked Nonghyup for a credit card in years, but they denied me because I was a foriegner. Foriegners defaulting does give al a bad rep. So, I gave them the finger and used my Canadian cards ever since. |
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CentralCali
Joined: 17 May 2007
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| Posted: Wed Aug 21, 2013 10:11 pm Post subject: |
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^
How, pray tell, can someone default on a loan when that loan isn't given in the first place? All I've ever seen for "reasons" why credit isn't extended to foreigners in Korea is no more than the assertion that foreigners default. Again: not possible to default on a loan not given.
For more fun, the banks might wish to consider their incredible stupidity in extending loans to citizens of South Korea given the high default/bankruptcy rate.
Last edited by CentralCali on Thu Aug 22, 2013 5:45 pm; edited 1 time in total |
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Zyzyfer
Joined: 29 Jan 2003
Location: who, what, where, when, why, how?
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| Posted: Wed Aug 21, 2013 10:56 pm Post subject: |
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I would imagine a lack of credit history factors in. Not that I am approving of the blanket "no credit for foreigners" rule banks here have. The catch 22 is that the banks aren't willing to allow foreigners to actually establish any credit. Basically what CentralCali said.
It's kind of ridiculous. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Wed Aug 21, 2013 11:17 pm Post subject: |
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| I doubt a Korean on a 1-year work visa would get a credit card in Canada. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Thu Aug 22, 2013 6:51 am Post subject: |
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| jvalmer wrote: |
| I doubt a Korean on a 1-year work visa would get a credit card in Canada. |
What about repeatedly renewing and being here for years and wanting to be approved for a low limit? I haven't asked for a CC here for years. So, I honestly don't know what the result would be. Guess if Canada cuts me off; then maybe I'll get off my duff and go see.... |
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nora
Joined: 14 Apr 2012
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| Posted: Thu Aug 22, 2013 9:47 am Post subject: |
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| Steelrails wrote: |
You know, I've always wondered why they don't employ Italian-Americans or Smooth Angry Black Men as bill collector callers. Usually its some dopey secretary type or some guy from India.
Imagine if you got a call from "Vinny & Nunzio's Debt Solutions". "This is Vinny at Vinny & Nunzios. For the past coupla days, wev been tryin to get ahold of yous. If you do not contact us in the next 48 hours, we'll be forced to 'contact' you."
Bills would get paid. |
Funny story on that. A buddy back home happens to be a Smooth Angry Black Man and he used to do collections for a cell provider. He was the top guy there for six months, but he ended up quitting because he couldn't take all the sob stories. Went back to stocking shelves at Target, it was that hard to deal with. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Thu Aug 22, 2013 6:19 pm Post subject: |
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| nora wrote: |
| Steelrails wrote: |
You know, I've always wondered why they don't employ Italian-Americans or Smooth Angry Black Men as bill collector callers. Usually its some dopey secretary type or some guy from India.
Imagine if you got a call from "Vinny & Nunzio's Debt Solutions". "This is Vinny at Vinny & Nunzios. For the past coupla days, wev been tryin to get ahold of yous. If you do not contact us in the next 48 hours, we'll be forced to 'contact' you."
Bills would get paid. |
Funny story on that. A buddy back home happens to be a Smooth Angry Black Man and he used to do collections for a cell provider. He was the top guy there for six months, but he ended up quitting because he couldn't take all the sob stories. Went back to stocking shelves at Target, it was that hard to deal with. |
It takes a "special" (not in a good way) person to work in a collection agency. I worked for a major US credit card comapny years ago. I would get called by people who had maxed out their cards and got lied to like crazy by the collections department. People who had only a small amount of money to feed their kids and were assured putting all that on the card debt that they'd get their card back right away for use to access money to feed their kids. Guess what, they put every cent they had on it after a scumbag lying collection agent told them to and of course the card was cut off permanently. Point being, never believe anything a collection agent says.
Some will play good cop / bad cop physcoloigcal BS. One day someone sounding sweet lying fake promises and the next day someone calling up and making threats. I pleasantly recalled telling one of these fake "tough guys" to grow some come to my home if he "had some" and to make me pay. He thought he could talk tough on the phone and phycologically scare me into paying money I didn't have. Didn't work. Once you realize these people are liars, scumbags, and have no powers, the sooner you can ignore them if you ever fall into bad credit. (In Canada, no one can garnish your wages without going before a judge. No one will pursue you unless you owe thousands of dollars, like student loans.) |
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