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I was playing at the game store this weekend, and there was a guy bragging about how he went around town and got $3,000 worth
of Payday loans. He then went and closed his checking account.

I was like WTF? He said they can't do anything cause it is not writing a hot check, they will just put him in collections. He is going to file BK soon,
so he doesn't care.

I guess he got a huge space wolf army, a grey knight army, and loads of Forgeworld stuff including a Reaver Titan.

True story

Cool story bro

Kairos wrote:I was playing at the game store this weekend, and there was a guy bragging about how he went around town and got $3,000 worth
of Payday loans. He then went and closed his checking account.

I was like WTF? He said they can't do anything cause it is not writing a hot check, they will just put him in collections. He is going to file BK soon,
so he doesn't care.

I guess he got a huge space wolf army, a grey knight army, and loads of Forgeworld stuff including a Reaver Titan.

True story

It's not a hot check, but it's still theft.
Yay for morons.

And wait till the "collector" comes and he has an accidental death in a "tragic" incedent (you know godfather style)

Good for him. He's right, if his credit is tanked anyway there isn't much they can do. The 30% or so interest that check cashing stores charge are a reflection of just that kind of risk.


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The dumb part was spending that money on 40k figs, honestly.

Hm not everyone that is going to file BR is going to be destitute poor living on the street or anything...I mean, it looks like he saw an opportunity to invest in his hobby, "for free."

Well, if that works for him and is worth the utter destruction of his credit, good for him. I personally would avoid that at all costs, but to each his own.

-cgmckenzie

Due to the op's poor ability to explain the situation, I have no idea what actually happened, but it sounds like the dumb-ass committed check fraud, and bankruptcy proceeding's don't shield you from criminal prosecution.

As much of a bunch of useless gak-heads payday loan businesses are, they don't stay in business by being easy to rip off.

That's why it's called "unsecured debt".

Of course he dodged getting screwed by the check cashers and fell right into a good reaming from GW!

GW should get into the payday loan business.

"Here's your loan sir, would you be interested in anything else, perhaps a Baneblade for your Tomb Kings army?"

"I'll take twenty."

The incident the OP describes is awful and dishonest. I actually have a similar story...

There is an LGS in Long Beach, about 30 minutes south of L.A....

Well, the regulars there are... I don't know how to put this nicely, but... defective. Many of them are 500lbs+. None of them bathe regularly. One of them is a she-male with missing teeth, 5 o'clock shadow and reeks of alcohol constantly.

When I had no other alternatives, a friend and I used to go down there to borrow their tables to play. One day one of these 500 pounders was telling us about how he and all the regulars there live together and scam disability and welfare and use the money to buy their gaming gear. And all they did was game all day everyday.

Was f*cking surreal. I never went back there after that day.

The incident the OP describes is awful and dishonest. I actually have a similar story...

There is an LGS in Long Beach, about 30 minutes south of L.A....



When I had no other alternatives, a friend and I used to go down there to borrow their tables to play. One day one of these 500 pounders was telling us about how he and all the regulars there live together and scam disability and welfare and use the money to buy their gaming gear. And all they did was game all day everyday.

Was f*cking surreal. I never went back there after that day.

Seriously?

Surreal sounds about the right word for it, yeah. Reminds me of the first time I went into Hipstertown, NYC. Didn't really think people like that actually existed, until I saw it with my own eyes.

The things that pass for threads these days...

It's not actually criminal to take out a loan to buy 40k figs and then not pay it back. Debtors default all the time. It's a normal part of the loaning-money-at-absurd-rates-of-interest business.


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If he had written a bad check to the gaming store, that would have been another story...

Payday loan lenders are thieves anyway, who cares? If GW got the money, they aren't going to complain.

Xenocidal Maniac wrote:The incident the OP describes is awful and dishonest. I actually have a similar story...

There is an LGS in Long Beach, about 30 minutes south of L.A....

Well, the regulars there are... I don't know how to put this nicely, but... defective. Many of them are 500lbs+. None of them bathe regularly. One of them is a she-male with missing teeth, 5 o'clock shadow and reeks of alcohol constantly.

When I had no other alternatives, a friend and I used to go down there to borrow their tables to play. One day one of these 500 pounders was telling us about how he and all the regulars there live together and scam disability and welfare and use the money to buy their gaming gear. And all they did was game all day everyday.

Was f*cking surreal. I never went back there after that day.

Yeah, there's one of these at my store. We used to have a small homeless family of three, playng World of Warcraft, all day every day, sleeping in their van when the store closed for the night. They eventually got a place to go and we haven't seen the much since. Now there's just the one, who borrows a laptop and plays League of Legends all day long.

GreatGunz wrote:It's not actually criminal to take out a loan to buy 40k figs and then not pay it back. Debtors default all the time. It's a normal part of the loaning-money-at-absurd-rates-of-interest business.

I'm pretty sure it's criminal to take out loans with the intention of filing bankruptcy; or at least the loans won't be discharged.

Yeah - Bankruptcy isn't a get-out-of-debt-free card... your debts are evaluated and can be forgiven.

Doing something like getting a bunch of pay day loans and then closing your checking account probably won't be forgiven, and it's a criminal act. So go ahead and steal money to buy some plastic crack. It won't work out much better than someone who does it to buy real crack.

Blacksails wrote:The things that pass for threads these days...

Hey look at that! Feel free to use it.

Well, this is a fairly awful thread, founded upon a very silly premise.

Anyway, declaring bankruptcy is not a magical, 'make stuff go away' fairy. I know that things like student loan debts don't get discharged, and I'd imagine that voluntary debt like a payday loan wouldn't either, especially if the suspicious timing of them and the closing of the account is made note of. And then there will be things like the bounced check penalties the bank will be pursuing him for, and that's assuming that deliberately writing bad checks doesn't carry some sort of criminal penalty.

If the guy in the OP actually exists, he sounds like just the latest in a long line of not-so-bright folks who are sure they've found the perfect way to cheat 'the system,' and is going to be in for quite a shock when he learns he isn't the first, is far from the last, and like all the previous ones, was no where near as clever as he thought he was.

Hey Kairos, what region of the US are you in? I want to keep an eye on Ebay and Craigslist for when this dope has to sell off the Reaver, because he needs the cash, fast, to pay off his debts.

That's neat. I would've bought something cooler though, like a SCAR...

Me and this guy should hang out.

Samus_aran115 wrote:That's neat. I would've bought something cooler though, like a SCAR...

Pfft, why would you buy one? You just need a Steak Knife and you can make your own Scars.

Shadowbrand wrote:Me and this guy should hang out.

You need a cell buddy to watch your back in the showers?

I see a loophole in the OP's story. Back when i had to change banks I couldn't close my accounts because I had scheduled withdrawals every month for my car payment, only until those payments were transferred to my new account could the bank close my old account. Assuming payday loans act the same way I doubt a bank would allow you to close an account with payments pending.

Theres more ways to close an account, literally CLOSING the account could he have not done (yoda is I) but he could have withdrawn all the money from the account and let it go from there. After a while the bank closes the account

Bluetau wrote:I see a loophole in the OP's story. Back when i had to change banks I couldn't close my accounts because I had scheduled withdrawals every month for my car payment, only until those payments were transferred to my new account could the bank close my old account. Assuming payday loans act the same way I doubt a bank would allow you to close an account with payments pending.

What the OP said the guy did is actually a very common scam. It relies on the fact that it takes a day for the bank to register the new loans being leaned against the account. Mean while the loaning company is relying on what just a verification of that the account exists at the time the checked with the bank.

I'm just going to leave this here: