ramanan50

Don’t Let Credit Card Do This to You

In consumer forum, Family on December 11, 2012 at 17:35

A Man aged 57 set himself ablaze after having accumulated  more than £150,000.

A grandfather set fire to himself at home after amassing hidden debts of more than £150,000 and keeping them hidden from his wife of three decades, an inquest heard yesterday.

Ibrahim Omar, 57, of Bolton, Greater Manchester, put family photos and other personal items in his daughter’s car and left the car keys outside his house before setting himself alight indoors.

The former petrol station cashier suffered ‘95 to 97 per cent full thickness burning and charring’ to his whole body and was declared dead at the scene, the inquest at Bolton Coroner’s Court heard.

While using a Credit Card you do not actually have the feel of the money slipping from your hand and this has a psychological effect of not being acutely aware of spending.

Judicious use of Credit card requires a skill and a strong will.

I have seen my daughter and Daughter in Law doing it without paying interest whatsoever at the same time earning points to buy some thing free!

Do away with Credit Cards.

Credit Card death.

Emergency response: Ibrahim Omar’s body was discovered by firefighters in the front bedroom of his semi-detatched house in August and a post-mortem test revealed that he had been alive when the fire started

 

Mr Omar was suffering from depression and had told his GP that he had trouble sleeping due to his anxiety over money – but Mr Omar’s family were unaware of the extent of his illness.

‘He was a much-loved father and grandfather and will be sadly missed’

Ibrahim Omar’s son, Imran

His son, Imran Omar, said: ‘It has been a massive shock to the family and the community. He was a very popular, happy and enthusiastic man. He was a much-loved father and grandfather and will be sadly missed.’

Deputy coroner Alan Walsh recorded a verdict that Mr Omar took his own life while suffering from depression. He said his debts were made for the family’s benefit but had escalated out of control.

http://www.dailymail.co.uk/news/article-2246287/Grandfather-57-sets-home-amassing-hidden-debts-150-000.html

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  1. read “cards” instead of “starts” in my comment

    Like

  2. as long as your income is more than or equal to your needs then you can manage your credit card/s well especially if you keep proper accounts using a software like quicken;the moment you have income shortage and try to make it up by taking loans and having more credit starts the doomsday is not far off-krishnamurthy

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  3. If one does not know how to use Credit Cards, then it is a bane. I have been sensibly using it since the last 20 years to my advantage.

    Pay all the monthly dues on time & escape from the interest ( 2-3%) CCs charge per month.

    Like

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