21 yrs old in debt because of my mother. HELP!
Date: Mon, 10/13/2008 - 16:17
Hello folks just joined the community trying to fix my problem. I'm 21 not married new baby on the way shell be here nov. 20th
My mother opened an account under my name when I was 18 which was something I didn't know about until I started receiving the bills when she left to go back home to live with her husband in the Philppines.
Captial One - $1500 - over limit (Currently charge off as bad debt on credit report. On collection) I've sent them a police report and the billl they sent me stating the fact that I was never aware of the card and the card continuesly was used in the foreign country.
Washington Mutual - Same as above except $2000 over the limit
Atlantic Electric - she manages to transfer $6,000 of electric bill to my name.
House - I co-signed her yrs ago to lower her morgage interest according to her. The house was now forcloser I'm afriad they would come after me.
I also have 4 credit cards that are more than 90 days behind. collection agencies are after me. Please help me? Is it to late to consolidate my debts?
My mother opened an account under my name when I was 18 which was something I didn't know about until I started receiving the bills when she left to go back home to live with her husband in the Philppines.
Captial One - $1500 - over limit (Currently charge off as bad debt on credit report. On collection) I've sent them a police report and the billl they sent me stating the fact that I was never aware of the card and the card continuesly was used in the foreign country.
Washington Mutual - Same as above except $2000 over the limit
Atlantic Electric - she manages to transfer $6,000 of electric bill to my name.
House - I co-signed her yrs ago to lower her morgage interest according to her. The house was now forcloser I'm afriad they would come after me.
I also have 4 credit cards that are more than 90 days behind. collection agencies are after me. Please help me? Is it to late to consolidate my debts?
I think I would get an attorney and to find what can be done leg
I think I would get an attorney and to find what can be done legally.
You can consolidate your unsecured debts. You can either opt for
You can consolidate your unsecured debts. You can either opt for a debt consolidation program or a loan. Debt consolidation program will help you to reduce your monthly payments by reducing your interest charges as well as late payments. A consolidation loan on the other hand will help you to consolidate your multiple debts into one loan having a lower rate of interest.
In case of the charged off account (the one from Capital One) let me tell you that even after paying off the total debt it will not be marked as Paid-in-Full rather Charged of Settled or Charged off Paid.
