368. 2 days after filing and all but one of our credit lines are terminated on us

Chapters

• 0:00 Morning stress and card cancellations
• 2:10 Credit score impact and emotional reaction
• 4:08 Planning for the next day
• 4:49 Emotional regulation and moving forward

Transcript

Speaker 1: 0:32

Good morning. Well, today is off to a little bit of a stressful day, but I've got my kids with me as we're driving to fill up our gas tank before we can't. So we are out of state, we're in Nebraska and the bankruptcy papers got filed Wednesday or Thursday and then yesterday, only one. We have probably eight cards that we've accumulated over the years and yesterday, like one of them had just turned off, like Apple Pay disengaged, like only one had stopped. Well, this morning, another one all of a sudden now has like turned off. I'm like, okay, well, let's see what's going on. So went into all of our accounts and only one card remains, and surprisingly that's I won't endorse them but only one is remaining. So, like we have a debit card and like six credit cards are gone, we only have like one debit card remaining, and so we had like a quarter tank of gas, went to the gas station and filled up because I don't know if that last one is gonna go away.

Speaker 1: 1:32

Um, so I'm feeling a little bit pinched right now. We've amounted right around $100,000 of credit lines over the years, worked really hard at that. We've never missed a payment in 12 years ever. Right before the papers got filed. We had an 843 credit score and then overnight, one bankruptcy filing and everything is like wiped out. All the card issuers like cancel the account, close the account, and so it's a double whammy you're, the number of cards you have decreases, so that hurts your score. They each had very mature durations, so that decreases our score because the older the better. They each had very healthy credit lines on them, so that's going to decrease your score and so that's that stings. That really bites.

Speaker 1: 2:21

Um having 12 years of consistent, perfect history and then overnight, because of a business venture with the personal guarantee, and everything gets deleted like it's. It's weird, um, so I'm battling like my reaction to that and how to stay calm, cool and collected um not doing a great job at that this morning. Right now I'm like the calmest I've been all morning, but I've been short with the kids, been crabby at my, my spouse, my wife and um I should have prepared for that and so paying everything off, getting everything, like I paid off all of our cards like over and over, I pay, like every single little thing, and then they all get deleted. So I'm wondering, like, should I have done that? Like if they were just gonna cancel them? Should I have at least like not paid them down to zero. So I don't know, maybe I made the wrong strategic decision on that, but either way, um, our car is gassed up, we're able to get back home. Right now we don't have a way to get groceries from Costco or Sam's Club, so I don't know how we're going to do it at other places. I guess we could use debit cards, but I don't want to do that because I don't want our checking account number floating around for people to skim it. So I don't know what we'll do next. I'm sure our attorney will help.

Speaker 1: 3:41

So today is Saturday. It's the last day of classes. Tomorrow is Sunday. That's the day that we're going to do the surprise to everyone that we're closed. So today is just a dress rehearsal for bigger emotional duress that will likely ensue. So today we're going to enjoy. Today We've got gas, we've got food, we're able to make it back home Going to go, have a day of quality family time, and then we're going to do it tomorrow. So emotional regulation is definitely the biggest skill to have. So that's what it's like two days after declaring bankruptcy and all that happens to you afterward. That's where we're at, that's where we're going. That's rock and roll.