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My son has left home owing monies to a major credit card company and has left me and his mum with no contact. what lengths and procedure do these companys go to to track him down and get their money...He is over 18.. we are frantic..!

2006-11-27 06:13:41 · 6 answers · asked by Anonymous in Business & Finance Credit

6 answers

are you in England?

If so, they usually use a tracing agent and he will most certainly be caught if he tries to apply for further credit.

You need to contact the people he owes money to though, otherwise it can reflect badly on your own credit rating. If you explain the situation, they are really understanding. My family went through the same with my brother. They will find him eventually though, they usually persuade them to make an agreement to start paying it off month by month

2006-11-27 06:19:09 · answer #1 · answered by nat 3 · 0 0

He was probably under 18 when he applied and if you also signed on his behalf you could be found liable depending on the cicurmstances.
It is best to contact the company and keep all records of correspondence telling them that he no longer permanently resides in your home and that you do not approve or have control of his credit spending.
You more liable for amounts before 18 and far less above 18 untill he reaches full emancipation at 21.
But not residing at home and independently sourcing of income would be regarded as full emancipation, depending on his credit they would thern attach only his property.

2006-11-28 02:47:12 · answer #2 · answered by goldeni009 2 · 0 0

Like I said before, leave it alone, if the debt company doesn't get the letter returned they will assume he still lives there. What you need to do is contact your local citizens advice and try getting in touch with your son and have it out with him.

He needs to learn his lesson so dont allow him to think hes got away with it. You could put the frighteners on him and say that you have contacted them and told them where to find him.

2006-11-27 14:18:08 · answer #3 · answered by Scatty 6 · 0 0

Why are you frantic? They are not going to call out the national guard to hunt him down. He will just be considered a skip and reported to the credit bureaus and one day if he wants to buy a home he will not be able to until his debts are paid off.

2006-12-01 09:55:13 · answer #4 · answered by luciousgreeneyedlady 5 · 0 0

If the major credit card was in your address then you will have to pay it or they might send bailiffs round, You are gonna have to track down your son and deal with him. Take him to court, i know it sounds harsh but he is going to have to learn the hard way.

2006-11-27 14:26:00 · answer #5 · answered by susie ooozzz 2 · 0 0

i dont think there is alot they can do to u unless you have signed anything yourself to say you'd pay if he cant.they might try and find him but again i dont think there is much they can do.contact a company called spectrum,they can give u advise and they can help him by contacting the company and paying it back through them at really low payments.you'll find thier number in the back of all the newspapers i.e the sun,mirror etc.hope this helps.good luck

2006-11-27 14:22:24 · answer #6 · answered by blahblah 2 · 0 0

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