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    #1

    CC question?

    I used my Credit Card last month but the amount was refunded does it still count as being used? It was a small amount under $100....

    If they object, I just have to pay that amount?
    Tags: None
    #2
    When will you file? You cannot use your credit cards for 90 days PRIOR to filing otherwise it could be looked at as fraud. I don't think it would matter if the amount was refunded or not, but talk to your atty as I am not sure.
    Filed Chpt 7: 3/20/09
    341 mtg: 4/29/09
    Discharge: 6/30/09

    Comment

      #3
      Originally posted by Clover329 View Post
      When will you file? You cannot use your credit cards for 90 days PRIOR to filing otherwise it could be looked at as fraud. I don't think it would matter if the amount was refunded or not, but talk to your atty as I am not sure.
      Why is it looked like as fraud? For me personally, I am making payments to my credit cards to sort of 'float' money until I get paid. My charges are not large amounts at all.
      Pre-bankruptcy appointment - 4/15/2009
      sigpic

      Comment

        #4
        Originally posted by toxicdebt View Post
        Why is it looked like as fraud? For me personally, I am making payments to my credit cards to sort of 'float' money until I get paid. My charges are not large amounts at all.

        What do you mean by the highlighted text?
        Well, I did. Every one of 'em. Mostly I remember the last one. The wild finish. A guy standing on a station platform in the rain with a comical look in his face because his insides have been kicked out. -Rick

        Comment

          #5
          Originally posted by toxicdebt View Post
          Why is it looked like as fraud?
          A lot of 'facts' get posted here. Some true. Some not. "You cannot..." "That's always..." "Go ahead and..." "Don't..."

          It's buyer beware as far as advice here goes.

          Oh, and guess how much post count actually makes a person's advice more authorative?
          Last edited by BornAgain; 04-01-2009, 12:16 PM.

          Comment

            #6
            Meaning let's say the minimum payment on my credit card is $149.00 ... I pay the minimum payment so it does not affect my account, then immediately use the card to pay for groceries, gasoline, etc.
            Pre-bankruptcy appointment - 4/15/2009
            sigpic

            Comment

              #7
              I think what he means by floating $$$ is that he charges certain things until he gets paid but is still paying on the CC's. He's not buying luxury items or splurging.

              I am current on all accounts. Out of the 11 Credit Cards I have, I used one last month. The others were last used in December. I know some people here have used their cards pretty close to filing. Can the Trustee dismiss my case even if the CC doesn't object. The amount is pretty small.
              Last edited by chad9162; 04-01-2009, 12:34 PM. Reason: Typo

              Comment

                #8
                Originally posted by chad9162 View Post
                I think what he means by floating $$$ is that he charges certain things until he gets paid but is still paying on the CC's. He's not buying luxury items or splurging.

                I am current on all accounts. Out of the 11 Credit Cards I have, I used one last month. The others were last used in December. I know some people here have used their cards pretty close to filing. Can the Trustee dismiss my case even if the CC doesn't object. The amount is pretty small.
                May I ask how much total you owe on the 11 cc's?
                Pre-bankruptcy appointment - 4/15/2009
                sigpic

                Comment

                  #9
                  $47,000+ does that make a difference? And like you I floated...which is why everything got so high.....

                  Comment

                    #10
                    Originally posted by chad9162 View Post
                    $47,000+ does that make a difference? And like you I floated...which is why everything got so high.....
                    $22k here ... I could probably keep it up if I had to, but I don't see ever overcoming it. Thank you for your honesty.
                    Pre-bankruptcy appointment - 4/15/2009
                    sigpic

                    Comment

                      #11
                      Never overcoming it is the problem. If you continue to float then the interest is just added to the principal. And this does not take into account "emergency." Before you know it, it's one big SNOW BALL....

                      Comment

                        #12
                        If at all possible don't use your cards. If you are filing BK soon then stop paying the CC's and then you'll have money. If you must buy essentials then and have no alternative other than using the card then save your receipts to prove that they weren't used for luxury/non-essential items. If anything, they may file an objection and you'll end up being responsible for the charges within 90 days of filing BK. Best thing to do though is to just stop using and paying them.

                        Consult with an attorney to be sure though.
                        Filed C7: 12/16/08; 341 Meeting: 1/22/09
                        Last Day for Objections: 3/23/09 (No Objections)
                        Discharged: 4/3/09
                        Closed: 3/23/10

                        Comment

                          #13
                          Thank you to both chad9162 and NoMoreRed for the advice. In my opinion, this is too big of an ordeal to go through without the assistance of an expert attorney. I think the biggest issue for me is letting go of the available credit I have now should something go wrong. It's like losing a security blanket.

                          Originally posted by NoMoreRed View Post
                          If at all possible don't use your cards. If you are filing BK soon then stop paying the CC's and then you'll have money. If you must buy essentials then and have no alternative other than using the card then save your receipts to prove that they weren't used for luxury/non-essential items. If anything, they may file an objection and you'll end up being responsible for the charges within 90 days of filing BK. Best thing to do though is to just stop using and paying them.

                          Consult with an attorney to be sure though.
                          Pre-bankruptcy appointment - 4/15/2009
                          sigpic

                          Comment

                            #14
                            Consultations are typically free (the first one) with most attorneys. Go see several and ask lots of questions. Then you can decide on a specific attorney or file on your own.
                            Filed C7: 12/16/08; 341 Meeting: 1/22/09
                            Last Day for Objections: 3/23/09 (No Objections)
                            Discharged: 4/3/09
                            Closed: 3/23/10

                            Comment

                              #15
                              Hey Chad,

                              Do you mean you bought something and then took it back and it was credited to your CC account?


                              If you made a small purchase and then took it back so essentially there was no charge made on the card within the 90 days of filing, essentially you did not make your debt any larger with that CC co.

                              Plus, it would cost them more than 100.00 to file an AP in your case. They ( the CC) are not going to object to your discharge over 100.00.

                              Comment

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