She gets pre-approved cards yet works only part-time for minumum wage. I have bailed her out a few times but this is getting old now. I just paid off Discover and have now discovered that she has maxed out another card for $4500. I do not have the resources to continue helping her. Is there any way that I can stop these cards since she is disabled and receives SSDI benefits???? I had to pay her rent today or she would be evicted.
2007-12-14 08:53:57 · 9 answers · asked by Prossy 2 in Business & Finance ➔ Credit
She can opt-out with the credit bureaus. That will keep her from receiving any more pre-approved offers. If cannot do it herself and you have all her information, make her call the toll-free opt-out number. 1-888-567-8688.
2007-12-14 11:40:45 · answer #1 · answered by Ti 7 · 0⤊ 0⤋
You may need to spend the money to become her court-appointed guardian as it sounds like she has no financial sense whatsoever.
Alternatively, if they claim she's not THAT disabled, then she should be able to sign over a financial power of attorney to you so you can protect her from herself.
Contact your bar association and ask if they have a referral program. For probably about $50 you can get half an hour with an attorney. That will NOT resolve your problems, but will alert you to options and let you know if THAT attorney is someone you can work with.
Can you set up something with her apartment manager where her rent is paid out of her income from her part-time work? Some jobs are that helpful, most probably are not, but worth checking into.
SSDI is technically not garnishable, but I bet she's putting it in with other funds and when it gets co-mingled, it's a bug to stop them from pulling money. Still, she should not be running up bills that others have to pay for (you or the other card holders) by being irresponsible, so having legal authority over her financially is needed. Then it looks like you need to get the mail first and destroy the cards.
Another thing you can do today is this:
opt her out of these pre-approved offers.
Read this:
http://www.ftc.gov/bcp/conline/pubs/credit/prescreen.shtm
Good luck.
2007-12-14 09:02:26 · answer #2 · answered by heyteach 6 · 2⤊ 0⤋
heyteach gave some great advice. If you cannot obtain legal custody of your adult autistic child in order to manage her financing, I would at least recommend the following....Tell your daughter that in exchange for helping out on the last credit debt, you will require that she sign up for a credit monitoring service where you have full access to the service. (ID and password) I think that Equifax charges $9.99/month for this.....With this service you'll be able monitor exactly what is going on in your daughter's financial life...and you'll be able to see if she has opened up any new card accounts that you might eventually have to pay off.
Also, you can have your daughter opt-out of pre-approved offers.... FYI: If her current max-out card goes for several months with no payment, you won't have to worry about her getting any more cards....her damaged credit will preempt this...so in this case credit monitoring will not be necessary.
2007-12-14 09:20:47 · answer #3 · answered by CatDad 7 · 0⤊ 0⤋
some states permit a parent to petition the court to establish a financial guardianship for people such as your daughter. If possible, you could then have that entered into her credit report at all three major credit agencies and any lender would be warned that she's not making the decisions and thus they wouldn't get repaid.
your local agency that supports people with disabilities may have the information you seek, or know how to do this in your location.
GL
2007-12-14 09:00:02 · answer #4 · answered by Spock (rhp) 7 · 2⤊ 0⤋
This Yahoo question is out of my league, so I posted it to several Autism and special needs lists that I'm on. I've read some answers some are good, but some that just say, don't pay...let her ruin her credit and she'll learn, are not of use depending on the daughter's level of impairment. A lot of those with Autism don't fully grasp the cause and effect issue, particularly with something as abstract as credit.
---Nicole, Mom to a Magnificent 6 Year Old who has Autism.
2007-12-15 22:07:03 · answer #5 · answered by Nicole M 2 · 0⤊ 1⤋
document a grievance with the FTC consistent with the honest credit Reporting Act of 1964. to boot, in the event that they are calling you when you consider which you're late, document a grievance with the FTC consistent with the honest Debt sequence Practices Act of 1968. deliver a replica of the grievance to the creditor. in the experience that your mom and dad are particularly no longer on the account, you may desire to get prompt action.
2016-11-27 00:14:46 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Take away her cards and tell her to stop getting them and using them, and stop bailing her out. By paying them off you are perpetuating her long term fall out. ie enforcing to her that what she is doing is OK
2007-12-14 12:06:52 · answer #7 · answered by Pengy 7 · 0⤊ 0⤋
As long as you keep paying she is going to keep spending let her handle it her self she can't learn if she is spoiled. Time for her to grow up and be responsible. If you keep helping her you will do more helm than good.
2007-12-14 16:15:28 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Allow her to ruin her credit, in other words STOP enabling her behavior. It is your fault as much as hers if you bail her out.
Once she ruins her credit then no more cards.
2007-12-15 13:38:14 · answer #9 · answered by Anonymous · 0⤊ 0⤋