credit report?

Question

recently my husband and i pulled up our credits before (which he had never done before) we discovered that he owes 8,000 to some creditors when i called the company to find out what he owed they said it was a credit card openend in may of 2000 i said it was not him he knew nothing about it then when they looked further they said it probably was his mom who opened this credit card made payments for two years then stopped but must have had him down for like a co-signer or something like that. My question is how can we get these creditors off my husbands credit report if his mom is willing to take all the blame herself and admits it was here that opened the account not her son. My husband had no knowledge if this credit card and his mother admits it was all her doing and she doesn't even remember having my husband down as a co-signer. He was deployed when this credit card was first opened. Is there anything we can do besides getting his mom in trouble? she wouldn't do this dilebrately

Answer 1

Don't know. His name was on the account.

Is his Mom going to pay the debt? Have her arrange it so that she will only pay the debt if the card is stricken from the record. Have her get it in writing. She should also try and bargain for a lower settlement. She can specify how if she declares bankruptcy they'll get nothing. They will most likely be happy to do this.

Be sure you get this in writing first though. If the company does not honor this then show the credit bureaus proof of what they agreed to do.

Answer 2

DaMan does a terrible job presenting it, but he is right.

If your husband says it's not his signature, then someone is guilty of opening an account illegally.

If she made payments on this for 2 years (opened in 2000) then the delinquency date is around 2002-3. That means it's going to stay on your report until 2009 unless you can get this removed.

First, send a letter to the collection agency and demand they validate the debt. Be specific! Tell them you did not co-sign on any loan, and want to see a copy of the signed user agreement. If they don't produce it, then they have no valid debt on you and will have to remove this from your credit history or face legal action.

But you can bet this will just put more presure on the mom.

Answer 3

Let's be clear on this.

A co-signer is not just added to a credit card agreement verbally. There should be written documentation signed by your husband that clearly shows where he agreed to be added to the credit card agreement and be responsible for the debts in case of non-payment by the primary cardholder.

Now, if the credit card company produces an application signed by your husband and it isn't your husband's signature but it is actually the signature of your mother-in-law, then you might want to consider taking mom-in-law to the hospital for convenient amnesia.

You have to realize that you are asking strangers to justify his mother committing an act of forgery to further her own financial interest.

Your husband never agreed to be co-signer on this credit card, but by some strange twist of fate this $8,000 debt (originated by mother-in-law) is listed on his credit report. Come on!

If you want the debt erased, then Maminem is gonna have to fess up and deal with whatever repercussions of her forgery, including possible prosecution from the credit card company.

The credit card people want their money and you want your good name and credit back and momma-in-law wants minimal punishment for committing forgery.

This sounds like a recipe for disaster.

Either eat the $8,000 or dispute the debt to the credit bureaus and ask for proof of the co-signer application and if they provide it -- your husband must sign an affadavit that it is not his signature. However, it is very well possible that mom-in-law may be prosecuted for forgery. The problem is, you are looking to protect the mother-in-law for a crime she has committed, and your credit is more important than loyalty.

She made her bed when she opened that account without your husband's knowledge and consent. She may not intended for the feces to hit the ceiling, but it has and she must lie in that bed.

Answer 4

I'm not sure if this would work, but have your mom draft a letter stating that she is responsible for the charges, notarize it and send it to the creditors via certified, registered or overnight mail. Make sure you have copies and detailed records. If nothing else, then you also have the right to make a brief notation to your credit file.
The only problem may be that in order to fully clear your husband's record of these debts, he may have to explain why.

Answer 5

ask legal help for this