2006-12-12 05:27:33 · 13 answers · asked by Matta 1 in Business & Finance ➔ Personal Finance
You can only be held responsible if you are listed on the loan/credit card etc. Just by paying it does not make you liable for anything.
2006-12-12 05:30:02 · answer #1 · answered by behr28 5 · 0⤊ 0⤋
You may be responsible if he is a minor, 17 years of age or under. If he is an adult, you are not responsible for the debt unless you co-signed a loan or your name appears on the account. He's not going to learn anything about budgeting his money if you pay off his debts. He has to learn to stand on his own two feet and learn to live within the confines of the money that he has or earns.
2006-12-12 13:40:31 · answer #2 · answered by ? 7 · 0⤊ 0⤋
You can not be held responsible unless you sign for any of the debt. Anybody can pay anybody else debt if they choose, but that doesn't mean you're assuming responsibility for any of it. If it has gone to collection, they may try to make you think you have to pay, but that's just using guilt, not a legal truth.
2006-12-12 14:24:51 · answer #3 · answered by Sun and Sand 3 · 0⤊ 0⤋
If you and your son live in the U.S.
and he is under 18 years of age:
yes, you are responsible for his debts.
If he is 18 years of age or older
you are NOT responsible for his debts,
even if you pay for one of them.
However, if he incurred his debts while under
18 years of age, but is now over 18,
you are still responsible for whatever
debts he incurred while under 18.
I hope this has been of some help, even if it may not be what you wanted to hear.
2006-12-12 13:42:50 · answer #4 · answered by Ambassador Z 4 · 0⤊ 0⤋
No you can not! That is to answer your question--- But SOME credit card companies will then call you an authorized user and place you as a comaker on the bill. Be careful. I would in some of these cases send a money order to pay the bill. That way they can not prove who actually paid the account. I see this many times in credit files.
2006-12-12 13:37:59 · answer #5 · answered by golferwhoworks 7 · 0⤊ 0⤋
Well as his parent you are certainly responsible for raising your son to become a man who settles his own debts.
2006-12-12 13:33:33 · answer #6 · answered by Christopher A 3 · 0⤊ 0⤋
If you pay off one of your son's bills and your name isn't on the loan anywhere (as a co-signer) the credit will go on his credit report, not yours. If you are listed as a co-signer on any of his bills then the credit will go to both of you.
2006-12-12 13:31:24 · answer #7 · answered by Chatty 5 · 0⤊ 0⤋
I doubt if you would be responsible if you didn't co-sign. I know you aren't responsible in IL, but you'd have to check state laws where you live.
2006-12-12 13:30:01 · answer #8 · answered by Mickey Mouse Spears 7 · 1⤊ 0⤋
If you have his account number you should be able to send in a payment, however, I would send it in money order not on your checking because those collections people are evil and they will call and harrass you if they get your info.
2006-12-12 13:30:45 · answer #9 · answered by nikkimccarty 3 · 0⤊ 0⤋
No if you pay one that's on you but your son learns no responsibiity for his ways. Creditors just want money they don't care where it comes from
2006-12-12 13:29:38 · answer #10 · answered by daanzig 4 · 1⤊ 0⤋