What happens if I don't pay?

>Robinhood lets literal Best Buy workers write options

This shit is comedy gold. Their financials have to be atrocious.

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Not much. You just write it off as a tax loss. RH could try to sue you but that could take years and they have numerous class actions against them as is.

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it's all fake jew money who cares.

Couldn’t they send it to collections though

Alright OP, you know the drill. What’s the story here?

How? Teach me.

Nothing If you're jewish.

I hear if you take it to your local Rabbi the debt can be wiped away in one Saturday afternoon!

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GUH

why would they extend so much credit to. a degenerate? like you. they know u will never pay.

When you deposit funds it takes the transfer a few days to go through. So op (or whoever’s account this really is) must have bought calls/puts and then massively failed and didn’t have the funds in the bank to cover them

Absolutely lol you’re credit score is going straight into the shitter and when you declare bankruptcy it’ll take a year to get it back to normal.
Just do that

i dont think thats from options

Fucking newfags this is old, it was one of those people from wallstreetbets that used the RH glitch

Were you using margin?
You finna get a margin call and all yo shit is getting handed out to negroes

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wtf OP

I'd tell you to lawyer up, but you're broke.

cdn.robinhood.com/assets/robinhood/legal/RHS Customer Margin and Short Account Agreement.pdf

6. Payment of Indebtedness Upon Demand. The Customer shall at all times
be liable for the payment upon demand of any obligations owing from the
Customer to Robinhood, and the Customer shall be liable to Robinhood for any
deficiency remaining in any such accounts in the event of the liquidation thereof
(as contemplated in Paragraph 4 of this Agreement or otherwise), in whole or in
part, by Robinhood or by the Customer; and the Customer shall make payment of
such obligations upon demand.
7. Liability for Costs of Collection. The losses, costs and expenses, including but
not limited to reasonable attorneys’ fees and expenses, incurred and payable or
paid by Robinhood in the (i) collection of a debit balance and/or any unpaid
deficiency in the accounts of the Customer with Robinhood or (ii) defense of any
matter arising out of the Customer’s securities transactions, shall be payable to
Robinhood by the Customer.

You agreed to these terms when you opened your account. You're on the hook for that amount. You WILL get a judgement against you, and they WILL garnish your pay and come after you in other legal ways. Your credit history? LOL.

$6k, they might just lump it into a bunch of cases in small claims. $60K? That's debt they're coming after, or will sell it to the highest bidder.

Maybe investing isn't for you.

G U H
U
H

>paying back debt when the lender knew the risk
Funny stuff. I'll never be able to pay back my student loans lol

Why not? You make a fortune with your Gender Studies degree.

sauce

I know for sure I wouldn't pay a cent. Fuck them.

A year? lmao. try 10.

Time to pick up a shovel Paul

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That's exactly what the judge would say about you, when the company sues you.

Report trump the sec for manipulating the market so you'll get a refund bro

holy shit you fucked up good

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I can’t recall where I got it from. It’s a random ho from a milf thread on b I think

very summery in this thread.
>not knowing Guh

Here’s her whole nude gallery
> xhamster.com/photos/gallery/sara-4183332

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two kinds of user

>tfw 6k is small claims
>tfw my whole net worth is small claims

FAKE

Small claims in most states is limited to 10k. I know Tennessee is 25k, my friend lived there for years running a storage company, and had to sue deadbeats a lot. Some states it's as low as $2500. That's why it's called "small" claims.

>listening to optionsniggers
>fell for the options print money meme
you dun goofed

How the fuck does this even happen?

So it is safe to go all into UND?

>down 1,832.99%
kek, how do you got more than 100% down

options trading

Wrong. You just let the option expire which loses the initial price of the contract and no more

well, forgot I'm stupid
thanks

He must have had margin trading, for whatever reason.

Not if you are the one writing them

OP, before you declare bankruptcy make sure to run up as much debt as you can to extract your pound of flesh from the Jews. Your credit score is fucked either way for the next decade so get the most out of it.

Either buying on margin or selling options, not buying them.

A year? 7-10 my dude.
They'll give you a nice shiny 600-700 score that you'd think you could use but everyone, including potential apartments, will probably use it as an excuse to deny you.
Every lending company outside of major banks and truly shady shit these days uses its own custom ML solution that auto-rejects you if you have a bankruptcy anyway, either through an analytical layer or by virtue of weighing your score down immensely.

Anyone who ends up in this situation without family to bail them out for almost a decade is truly screwed and will wind up in Section 8 for years and years.

No, retards are getting level 2-3 options from companies and writing naked calls/puts, buying positions later at higher IV to cover them.

It's absolutely fucking hilarious. Someone really shady is making millions off of partnering with RH for options sales and assignment, and completely do not give a fuck that they're screwing over young people trying to learn something new for the rest of their youth.

This happened to my friend.
He thought he was free from the debt, because he didn't hear much about it. First he got a certified letter. That you got to sign for. He was smart enough not to sign for it. Few weeks later he noticed some signs that someone was trying to break into his apartment. A week after that he got a call. Hard to understand at first, but it said give me the money. Stuff kept getting weird and weirder. Then some guy in a suit came and told him something like you haven't seemed to get the message. Give the money or something bad is going to happen. My friend got scared and went to the cops, but the guy in the suit was there shaking hands with our local mayor.

i once had a debt collector come at me as a teenager over $20

op is fucked

i laughed way too hard at this

Good. Don’t fuck around with money. I do fine on RH because I don’t do dumb shit.