Credit card whizkid
Friday, July 4th, 2008This post is in honor of my friend and colleague S~ herein after referred to as CCW.
What’s so smart about him? Can you get a loan of Rs. two lakhs at a net interest rate of 9-10% per annum without security, without blank cheques, without any records against your name? And without any due dates to pay?
He still stays within the legal ambit. He does not commit any fraud for sure, I can vouch for that.
He has managed so far with nothing but just credit cards. Please bear in mind that ordinary users in India end up paying as much as 37% for credit cards debts. Also bear in mind that its difficult to get home loans at 9% now in India.
He would like to publish the way it works, but only after he is done with all his commitments 
lest the banks and card companies change the rules of the game 
He is a pucca hacker in positive sense even otherwise. He is junior to me by five years. I wish I had his current maturity and intelligence now, or at least five years into the future. Very smart character.