Do I have to tell credit card co. that I lost my job?

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Do I have to tell credit card co. that I lost my job?

Postby shoptalk01 » Thu Nov 15, 2012 12:27 am

If I plan on quitting my job, do I need to inform my 2 credit card issuers? I don't carry a balance, I paid in full with my last bill and only charged a little bit after that. I just checked and my current charges are less than $400 and I have more than enough in savings to cover it.

I tried, I really did. I tried to ignore the boss ripping my butt on a daily basis -- my mom kept saying let it go in one ear and out the other and I realize when you're on the clock, the boss owns you and has the right to rip on you whenever he feels like it. What happened was while I had a company vehicle it was run into by an uninsured motorist. It was clearly their fault and they left the scene. When I got back, I was wrote up for damages to a company vehicle. I was then told the damages would be coming out of my paycheck and if I got mad and quit, I would be sued for the damages.

Today I told the boss to stop being such an a hole and got wrote up for counseling and anger management. I went to part of a counseling session, but didn't like where it was going so I walked out.

Tonight I got a call and I have until tomorrow morning to decide if I want to quit or be fired. The boss also said he would be expecting me to bring a check for $2,000 to cover the damages to the vehicle. Since I have no intention of paying, it looks like I'm going to get sued in addition to being jobless.

Right now I need to know, do I let my card issuers know that I no longer have an income? Do I wait a few months and see if I get another job? Would it be best to just cancel both cards with no explanation? Both cards are secured if that makes a difference.

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Postby kcarter609 » Thu Nov 15, 2012 8:52 am

First, did you sign a paper that says you are responsible for any damages to company vehicles? If not, tell him to shove it because you aren't. They can't legally take it from your paycheck, and they can try to sue but they won't win.

Also, tell them if they take you to court you'll file counter suit for emotional distress for being yelled at and cursed at (I assume?) on a daily basis and for wrongful termination.

You don't have to inform the creditors of anything, and you don't need to cancel them. Just don't miss any payments or charge them up now.

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Postby Vermonster » Thu Nov 15, 2012 9:06 am

If you quit you can't collect unemployment, so I would get fired. You may have to explain why you were fired to any potential new employer.

Also if you can prove you worked in a hostile environment, then there is not much you boss can do.
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Postby MemberSince99 » Thu Nov 15, 2012 12:53 pm

I would not notify your creditors of this. They simply don't need to know. You owe them nothing. Notifying them of this invites them to close your account or cut your limit. As long as you don't go charging up what you can't afford and get another job, you should be fine.

As far as the vehicle damages, hopefully you got the license number and reported it to the police? If so they'll deal with it. Or I'm guessing that maybe they did as you know t his person has no insurance, which how would you know that unless you got their license and reported it and the cops paid them a visit. You will need that police report, and if you can show that you were not at fault, let him sue, counter sue him for harassing you and see what happens if you do go to court anyway. But I would bet this guy is just another loudmouthed blowhard looking to try to bully you into some free $$$ and if you stand up to him, he'll back down.

They are right you can't get unemployment if you quit. If you are fired and it is determined you were fired "for cause" you also won't get unemployment. I'd lay odds on your boss trying to say that it's for cause so you are going to have to fight for it if you go that route I'm willing to bet.

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