Okay here is his problem. When he was in high school (18 years old), his father got a credit card in his name. My friend, having trust in his father, signed for the card because his dad had bad credit and could not get a card in his name. Well fast-forward to now, his dad max the card out and because the card was in my friends name, my friend owes collection $11,000 in past due payments and interest. Because my friend lives three states away from his father, he had no idea this was going on (the card and its information is in his fathers hand). Now my friend really needs to get a loan for school and a car to go to work. The problem is, every loan he tries to get, it denies him because his credit is basically screwed due to his father. At this point what can I advice him to do?
2007-10-18
08:44:49
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16 answers
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asked by
Jason S
1
in
Credit