2006-10-05 10:50:57 · 16 answers · asked by vmars_7 1 in Business & Finance ➔ Credit
I'm an adult and it was fraud. I just don't have the money to pay the bill which is very high now and I know that they will not pay it. I don't want to see someone go to jail and was wondering what is the maximum punishment that would happen to them if I report them (it's actually only one of my parents).
2006-10-05 10:59:21 · update #1
If it was fraud, lots of trouble
2006-10-05 10:52:33 · answer #1 · answered by aliciarox 5 · 0⤊ 0⤋
Report it as identity theft and write a dispute to the major Credit Card Reporting Bureau and be done with it There's got to be some reason why you are even considering reporting them? Only you know the reason. If it's only the money you can't pay, just do that but if you know they did it for other reasons i.e. gambling, drugs, ??????? in the end it's up to you and how far you want to take it.
2006-10-05 19:14:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They probably won't get in much trouble at all. I've been a victim of identity theft and the police didn't even bother to go after the perps.
All you need to do is prove to the creditor that the account was opened fraudulently and without your knowledge. You'll need to fill out a police report and an ID theft affadavid. You don't necessarily have to tell them who committed the crime.
As for your parent(s)- they really should be ashamed of themselves. It's pretty pathetic when they have to use their children's identities to serve their own purposes.
2006-10-05 19:18:12 · answer #3 · answered by Cool-K 3 · 0⤊ 0⤋
None. If the card is in your name, you are the one allowed to use it.
If they pretend to be you then buy something with the card, that amounts to theft. Depending on the amount involved, they could get jail time if caught.
If you don't want to see your parents get into trouble, notify the credit card company, and they will put a stop on the card so it cannot be used.
2006-10-05 17:54:57 · answer #4 · answered by regerugged 7 · 0⤊ 0⤋
If they're not doing it fool the credit card companies, not using it, and you are not yet of legal age (under 18) and/or are their dependent, then they probably wouldn't be in trouble at all.
If they're doing it because they can't get credit on their own and aren't paying the bills, then they could be convicted of credit fraud. I'd say as long as they aren't wrecking your credit then keep quiet... and discourage them from using that card!
2006-10-05 17:57:09 · answer #5 · answered by triviatm 6 · 0⤊ 0⤋
Wow that's a tough one! I would confront them first. They them you know what they did and how it affects your life. Tell them they are destroying your future. Ask them to pay off and cancel the credit cards. Make sure you sit with them when they cancel the cards and get a confirmation letter from the credit card company.
If they refuse or can't pay it off, then you may have to turn them in. If you don't, you will never be able to finance a car, a home, get credit cards yourself, etc.
Give them a chance to correct it first. If they don't, then you have to make a difficult phone call.
2006-10-05 17:57:42 · answer #6 · answered by MagPookie 4 · 0⤊ 0⤋
This is the deal. If you are a minor and they used your SSN to obtain a credit card, if they don't pay the bill when you are of age it will be on your credit report. If they pay their bills I suppose you'll be okay, but why would they need your name to get the card? It sounds odd to me.
2006-10-05 17:55:16 · answer #7 · answered by sideways 7 · 0⤊ 0⤋
1st off, the card is yours but all financial issues belong to the parents and its not fraud!! (btw, if you are under 18 or 21 this apply to them)
As for using the cerdit card, one of the parents must be present during the transaction!!
Also, if the main cardholders get behind on payments, you will nit get in any
2006-10-05 18:12:44 · answer #8 · answered by Doc Rick 3 · 0⤊ 0⤋
either one of 2 things is happening.
They are stealing from your credit,
Or... helping you build credit for when you want to make a purchase later (home, auto etc) by getting good history for you
These 2 scenarios depend on whether or not they pay the monthly statement, on time, with atleast minumum payment.
Most companies require 24 consecutive months of credit on 3 or more accounts before they will issue anything big, so they may help you out with it.
2006-10-05 18:00:25 · answer #9 · answered by Hard Crowbar 4 · 0⤊ 0⤋
Fraud, 15 yrs to life
2006-10-05 17:59:16 · answer #10 · answered by xyz 6 · 0⤊ 0⤋
depending on your age, you could end up responsible for the credit debt they run up and this card is in your name so affects your credit rating. i think you need to speak to your parents and tell them of your concerns, obviously there are other circumstances that led up to this decision of theirs, perhaps if you feel you cannot approach your parents a trusted adult or teacher maybe the one to speak to in confidence. this is a very difficult situation and you need some adult advice to help you and your parents come to a satisfactory answer. i hope you can work this out soon.
2006-10-05 17:59:34 · answer #11 · answered by sunirose2 2 · 0⤊ 0⤋