In Ahmedabad, a woman fell victim to a credit card scam that has raised concerns about financial security. The incident happened in the Ellisbridge area, where Poonamben Rajput, a teacher in skill development classes, was lured by a young man named Devang Bhadresh, who worked nearby. He promised her that by increasing her credit card turnover, her CIBIL score would improve, allowing her to secure a home loan.
Poonamben, who had a low CIBIL score and was struggling to get a home loan, believed Devang’s claims. She handed over three credit cards to him under the impression that he would help boost her score. However, Devang swiped the cards for transactions worth a staggering ₹7 lakh (approximately £7,000) and failed to return the cards or the money.
When Poonamben checked her bank statements, she was shocked to find the large transactions. Devang had promised to return the cards but continuously postponed it, leading Poonamben to worry about her financial situation. She attempted to contact him, but he started avoiding her calls, leaving her in a distressed state.
In a desperate move to recover her money, Poonamben visited Devang’s home. There, she met his wife, Shreya, who allegedly threatened her when she inquired about her missing cards and money. Feeling threatened and helpless, Poonamben reported the incident to the Satellite police station.
The police have now registered a case and launched an investigation into the matter. This incident highlights the growing risks associated with credit card fraud, especially with the CIBIL score playing a critical role in loan approvals.
CIBIL scores are essential for consumers seeking loans, as banks rely heavily on these scores to assess creditworthiness. A low score can lead to difficulties in securing loans, prompting some individuals to fall prey to fraudulent schemes promising quick fixes.
Experts urge consumers to be cautious and protect their financial information. They recommend that individuals regularly check their CIBIL scores and be wary of offers that seem too good to be true. It is crucial to understand that improving a credit score requires responsible financial behaviour, such as timely payments and maintaining a low credit utilization ratio.
As the investigation continues, Poonamben’s case serves as a reminder of the importance of vigilance in financial dealings. Consumers should educate themselves about credit management and remain sceptical of offers that promise unrealistic improvements to their credit scores. Awareness and caution can help prevent similar scams in the future.
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