I have an elderly relative who is spending money uncontrollably due to a mental illness. She runs up huge credit card bills and is cashing in her few remaining retirement funds to pay them off. Is there any way to cut off her credit card accounts?
2006-08-16 15:11:05 · 6 answers · asked by justduckie123 1 in Business & Finance ➔ Credit
Are you her guardian? That was not a sarcastic question. I have a relative who does similar things. Her sister is her guardian and had all creditors confirm large purchases prior to authorizing. (most of them didn't get authorized) After a while it got tedious, so the credit cards got cancelled and a debit card with a $400 limit was substituted. Perhaps that's the solution.
I wish you the best of luck, this is not an easy situation.
Anne
2006-08-16 16:19:23 · answer #1 · answered by amkornele 3 · 0⤊ 0⤋
As easy as ABC, don’t apply for any credit card. if that person had, just cut the card into two n she can do nothing. actually, you should think deeply before handing a credit card to someone. like your case, you should not coz u know she will not have the ability to manage her own financial, after all, u r the one who paying, she have no worry. Try to take the card from her n look what happen.
2006-08-16 15:19:15 · answer #2 · answered by pinky sakura 2 · 0⤊ 0⤋
do no longer purely stop utilising them, pay them off as properly when you consider that your credit will bypass up in case you haven't any longer any mastercard debt. notwithstanding in case you pay your enjoying cards in complete each and each month your credit historic previous will nevertheless teach debt as a results of fact your card issuers checklist your stability on a undeniable day that's maximum possibly no longer the day they acquire your value. in the event that they checklist the day before they get your value then they checklist your total stability.
2016-10-02 04:34:15 · answer #3 · answered by ? 4 · 0⤊ 0⤋
If you have power of attorney over them, you can cancel the account (pay the balance first of course). If not, then you can't really do anything but take the card away.
2006-08-16 15:17:14 · answer #4 · answered by cynthetiq 6 · 0⤊ 0⤋
Call the banks that issued her cards, explain your situation, and ask that they close the accounts. If you cannot do it, find a relative closer to her and have them do it.
2006-08-16 15:40:05 · answer #5 · answered by endsjustmeans 3 · 0⤊ 0⤋
only if you have the account #'s
2006-08-16 15:16:56 · answer #6 · answered by trojanzombie 2 · 0⤊ 0⤋