The Real Scoop
Not a super bad experience . . . My husband had an account at Lo
Not a super bad experience . . . My husband had an account at Lowe's, not a credit card but a credit line. We've always kept that account current because he is a contractor and buys a lot of materials there. When we get paid for his jobs, we pay for the materials. Even if we don't get paid for a job(which happens), we still pay that bill. Since it had a zero balance, we didn't include it in our BK. However, we just found out this week that they closed the account anyway once they found out that we filed. Now we are scrambling with trying to figure out how we are going to pay ahead for all of the costs of my husband's jobs--and then not get paid for them for a couple of week, a month, or more!! However, if we don't pay the costs ahead, then we have NO income!!
We didn't file long enough ago to be denied jobs or loans, etc., but definitely don't plan on keeping any accounts, even if you have a good history with that company.
By the way, we did look at all of the other options first, but w
By the way, we did look at all of the other options first, but we couldn't make any of them work. And the relief from the constant collection phone calls has been wonderful, as has been the knowledge that we can focus on paying for necessities.
I've never gone bankrupt so I can't say. I've had a lot of peop
I've never gone bankrupt so I can't say. I've had a lot of people file a Chap 7 on me (22 this year and rising. On the contrary, I've had 45 people file 13 this year).
Something I find interesting is that at least three times a year, I have a customer claim they are filing Chap 7. And then they have called me back to say the atty is charging an arm and a leg and it will be cheaper for them to just keep paying on the account. Although I'm sure that is rare.
Do I have a point? Not really. Just wanted to add my 2 cents.