Applying for CC during filing

[subking]

It sucks when you need something for business and have no card to pay. Most business'es now don't give empolyees CC they expect you to pay and wait for reimbursement on your check. Man this gonna be a big problem.

[AngelinaCatHub]

Your missing the whole point of why you are going bankrupt, Do you think that if you applied for a card and even received it that they would not automatically cancel it as soon as they see the bankruptcy on your report?

Bankruptcy is a real change in life... Its not easy but if you dont want to end up in the same place again you need to make real changes.

[maxfax3]

I'm in the same place now... Luckily months ago when I started to realize that bankrupcty may be an optiong I started making adjustments... Weening myself from credit so to speak... It is a PITA but it has to be done.. Cut out anything you can do with out... Pack a lunch instead of eating out.. All that kind of stuff.. I was lucky in that I had enough indications that I may be going through this that I could work on preparing.... Alot of people don't..

Situations like this make me feel as though the information about surviving after bankruptcy shoudl really be in the pre discgarge section... Help people get themselves prepared...

[subking]

Yea but it not like I can say hey mr employer sorry I can't afford to go here or there because I don't have a CC, they don't want excuses they want results.

[AngelinaCatHub]

[subking]

I know its all opinions. Its just hard to adjust to this new no CC thing. I only have myself to blame.

[maxfax3]

I know its all opinions. Its just hard to adjust to this new no CC thing. I only have myself to blame.

At least you realized the problem... One up on alot of people.. Myself included a while back...

Still in opinion mode here... IF you've cut back your personal expenses to the minimum and still can't afford your business expenses sounds like they aren;t paying you enough... Unfortunately in this economy job hopping isn;t a good idea, and raises are gonna be slim but you may need to crunch some numbers and make sure you aren;t paying to work.. There's interest on those credit cards afterall....

Alot of my credit woes are due to just that, I was probably living a bit too high as well.. But here I am.. I ended up signing up on a bankruptcy forum.. Up to about 4 and a half years ago a I had a nice cushy job pulling about 80K a year.. (Average income around here is about 20K / year cost of living is squat) I traveled alot for work so I usually wore a car out by the time it was paid for if I was lucky.. Then there was gas, food, lodging.... Yeah I was paid well and reimbursed but throw some interest in there and then still pay for living expenses I had less disposable income than now that I'm making 15K a year..

[drowningNdebt]

After my discharge I don't want to see another credit card again. All I use right now are my debit cards. I'm very cautious on what I buy too where is before I would just spend like there was no tomorrow. Of course, at the time I was making superb income and this was no issue. However, spending is what got me into this mess.

[JJL]

After my discharge I don't want to see another credit card again. All I use right now are my debit cards. I'm very cautious on what I buy too where is before I would just spend like there was no tomorrow.

For me this was the biggest thing. I thought it would happen but not so profoundly. Spending money now seems so TOTALLY different to me. I'm so much more careful and spending now seems so much more real. If you know what I mean. My problem now is at least trying not to look like a total cheapskate lol

[bkchap7filer]

Why do you say that "most employers don't give credit cards nowadays??" Really? What do you have to base this on? I haven't heard of a change in that practice. The user of the credit card really doesn't have anything to do with it. The company has a cost of doing business....it doesn't matter to them if they pay up front in the form of their issued credit card or pay on the back end with reimbursement to you. The payment from them is the same. If an employee (not you, just in general) is abusing the credit card, then that is a whole other matter and the person should be terminated. Considering that people are using it as they are supposed to, the company has no reason to not offer a company credit card............

[maxfax3]

If an employee (not you, just in general) is abusing the credit card, then that is a whole other matter and the person should be terminated. Considering that people are using it as they are supposed to, the company has no reason to not offer a company credit card............

This is just the reason why alot of companies are abandoning this practice... Alot of municipalities too... They are avoiding the hassle of people abusing their CCs... My former employer dropped the company cards and cars for just this reason... Of course the company was broke too.. I was terminated about a week after they officially ceased operations (no one know but the Pres and VP) and they dropped off the planet with about 2 mil in cash leaving tones of unpaid debt.. Like my last month's worth of pay and expenses...

[shabam]

This is just the reason why alot of companies are abandoning this practice... Alot of municipalities too... They are avoiding the hassle of people abusing their CCs... My former employer dropped the company cards and cars for just this reason... Of course the company was broke too.. I was terminated about a week after they officially ceased operations (no one know but the Pres and VP) and they dropped off the planet with about 2 mil in cash leaving tones of unpaid debt.. Like my last month's worth of pay and expenses...

Let me guess, the Pres and VP get away no questions asked.

[AngelinaCatHub]

For me this was the biggest thing. I thought it would happen but not so profoundly. Spending money now seems so TOTALLY different to me. I'm so much more careful and spending now seems so much more real. If you know what I mean. My problem now is at least trying not to look like a total cheapskate lol

Clark Howard radio cheapskate was a multi-millionaire by age 30. He will go to McDonalds, buy two small burgers and build a single big one with the free condiments. It is not shameful to be frugal or even cheap. It is W I S E !!

[Bell30656]

Being from Atlanta, I listen to Clark most days. As he points out there is CHEAP and there is FRUGAL. He qualifies as cheap. Cheap is when you are willing to accept lesser quality at a lower price. Frugal is when you just are looking for the best deal but won't lower the quality.

Last year our company did away with all company credit cards except for gasoline cards from the top down. They also went to monthly expense reports versus weekly.

[maxfax3]

Let me guess, the Pres and VP get away no questions asked.

Actually the Attorney General has been on the hunt for them.... They were actually the co owners as well... Apparently they claimed that they woudl be filing BK but instead took all the assets and ran...


There is a difference between cheap and frugal.. Cheap is when you don;t want to spend the money to do something right and usually ends up costing more in the end... Frugal requires doing some research and getting the best deal for your money...
I deal with this in the garage all the time.. A customer will have say three choices on the quality of a part... Say one fo $50 one for $100 and one for $150... The cheapest part is low quality and no warrenty.. The middle is a decent quality with an acceptable warrenty (say a year).. THe most expensive is probably the same quality as the middle, maybe a 3 year warrenty and a nice brand name in a pretty box.. I'll get a customer that demands the cheapest only to throw a fit that they could have bought the better quality one with the money they have spent buying the cheap one three times...