Saving Credit Card

[ansky0007]

[QUOTE=StartingOver08;243076]

As far as I know, you only have to list those which carry a balance. No balance, no debt, not necessary to list...[/QUOTE]


There seems to be disagreement about this statement. It has been discussed many times before - all I know is when I filed, I had a zero balance Neiman Marcus card that had not been used in nearly 2 yrs. Within two days of filing, Neiman Marcus sent a letter canceling the card (no, I did not try to use it!).

So even if you have a zero balance the vendors monitor the BK filings and close the accounts. Apparently there are rare exceptions.

At least you received a letter.. All my zero balance accounts were closed and I never received anything. I just monitor my credit on a regular basis and noticed all my accounts going closed. As on now when I log in to equifax I have 0 active accounts. They are all gone. I had a $18k GMAC account that I never even activated get closed within a week of filing.

[IBroke]

[QUOTE=StartingOver08;243076]

As far as I know, you only have to list those which carry a balance. No balance, no debt, not necessary to list...[/QUOTE]


There seems to be disagreement about this statement. It has been discussed many times before - all I know is when I filed, I had a zero balance Neiman Marcus card that had not been used in nearly 2 yrs. Within two days of filing, Neiman Marcus sent a letter canceling the card (no, I did not try to use it!).

So even if you have a zero balance the vendors monitor the BK filings and close the accounts. Apparently there are rare exceptions.

I don't think we are in disagreement here. I didn't say that you would keep the card if you don't mention it. You will probably lose it.

However - and that's all I said - you are NOT REQUIRED to list an account/credit-card that doesn't carry a balance.