My dad bought a motorcycle in my name, his wife didn't tell me the monthly payment was raised, credit wrecked

Question

Here's the story: My dad is rich, but irresponsible. Without my permission (he has my social security number), and when I was only 18 years old, my dad put a very expensive motorcyle in my name because he didn't have enough credit at the time. He is rich, but buys so much stuff every month that he runs out of credit. So I had been paying a monthly fee os $300 every month for 7 years now, and in exchange he gave me my car. The creditors for some reason had my dad's new wife's information, instead of mine, and apparently, back in March, the creditors found out my Dad hadn't insured the cycle, so they added an extra 160 a month for insurance. My step mom lied and said she was my real mother, and that she would alert me that the payments had changed. She did not. Now, 6 months later, my credit has been wrecked with 3 30 day delinquent payment notices, because I didn't know about the extra fees. What do I do? Steal the cycle and return it? Sue him? get him arrested? Help!

Answer 1

I would have sued your father 7 years ago. You should probably do so now. The creditor may be partially at fault as well. If you mother-in-law told them she would alert you of the changes, they should have known they were not dealing directly with you. When you did not increase your payments, the should have known she did not alert you. Between your credit report and the account you were using to make payments, they should have been able to locate you if they actually tried.

While you are sorting the situation out, you can have a statement attached to your credit report explaining your side of the story. It won't change the entry on your report, but it may be considered by a potential creditor when deciding if they will approve credit.

Answer 2

If your dad is rich, why not sue his butt? And press charges to your stepmom. Even if you return the cycle, your credit is wrecked. You would have to hire a person to correct your credit, to get your credit score up.

Answer 3

I would go and talk to a lawyer because, no one else can or should use you social security number. That is fraud! That is really messed up. A lawyer will be able to steer you in the right of what to do.

Answer 4

it's a fact he dont care a **** about you or your feeling . protect your self go to where he bought the cycle and explain to them what happen . let them take it from there.it looks to me that you and your dad dont have much of a realation ship . let him be resposible for his own action's

Answer 5

Time for the FBI id theify.next

Answer 6

first.
your stepmother is a *****
second.
there is a lot of support law office. ask for help.
thirth
try to talk with ur father.