@taxi818 wrote:
@FinStar wrote:
@Anonymous wrote:
@taxi818 wrote:
@Anonymous wrote:You cashed a $40,000 check from them and kept tthe money without buying the car?
Yes.
the good ole days. Really dumb. They sued me. But got nothing. Because I had nothing to get. Wasted the money. Credit was ruined for 7 years. But I just waited it out.
Really? You'd think they would have pursued criminal charges for that. What state?
No kidding... that's quite a bit of moolah for burning PenFed.
The facts were. There was not crime. I applied for a loan. And they made the check out to me. And mailed me the check. Hence I cashed it. Bought another car. Is problem. Not the one I originally applied for. As dealer issues. Had cash in hand. I just did not repay my loan. The amount of money has nothing to do with it. Same if I did not pay my 200k mortgage. But I understand. They could not repo car as I never got it they never put lean on car. It was all their paperwork mistake too. No state. Was in army stationed in Germany at time. Like I said they did sue me. And win. Garnished wages what they could get. And they finally gave up. But remember. This was 30 yeRs ago. Fico did not really exist. And debtor laws were different. So there you go. Credit did not exist like today. A handful of gas cards. And a couple of major credit cards only. Maybe 1-10 even carried plastic. So they just wrote the entire difference off. But like I said. NO crime was committed. Otherwise I'm sure they would have came after me. But I won't be apping them for membership even after 30 years. This happened in 1984.
At the time perhaps not. Now? You can bet your bottom dollar they'd try something to prosecute.
You got the better end of the deal there, No doubt, so well played 
@taxi818 wrote:Intent even then. I don't see how even now defaulting on a loan s a crime. If I had lied or committed fraud to get it. Sure. But that was not case. All info correct. I just thought as a 19 year would rationalize. Free money. But again no crime. Just ez 40k. Consequences. Bad credit for many years. Some states yes still gave debters jail laws so books. But still no crime. Now you could not pay me to miss a payment. You live and learn. As the saying goes.
Lesson learned? 
For sure. Many years to climb back up and get another chance. Which there was no internet then no forums of support. Every man for himself
@taxi818 wrote:For sure. Many years to climb back up and get another chance. Which there was no internet then no forums of support. Every man for himself
So um, how did you do your sig? GIF?
@Ragelog wrote:
@Anonymous wrote:i burned Chase 12 years ago but they approved me for 2 Chase credit cards this year, the Freedom and the AARP, i applied for a Credit line increase for both Cards and they were Declined, then i called to Recon and spoke to a Credit Analyst Specialist and had NO luck then i was transferred to a Senior Credit Analyst Specialist and both told me i can NOT get a CLI because they can see i had a Chase credit card that was Charged Off in the year 2002, i got so mad i closed both Chase accounts today....
So the bank you burned is nice enough to extend you credit on quality cards and since they decide against a CLI at this time you close the account. I get being disappointed maybe but you should be thrilled they extended credit even though you had previous negative history with them.
+1.
Now that i closed my 2 Chase credit cards, i might apply for the CITI DC in 2015 and the only reason i'm interested is because of the 2% Cashback, i have NO interest in any other Cards from them...............i Don't think i burned CITI in the past but you never know 