Son debt on my credit report

kay -

I'm sorry to hear about your son. I hope that he soon realizes the importance of family ties and reconciles with you.

If the account was in your name, I would say that the debt is yours, unfortunately. Was it in your name, and not your son's?

You must have been the one who originated the contract with Verizon right? Or did you sign up with him as a co-owner or co-signer? I am not positive, but I think if you did, it does make you liable.

As you registered on here as a member, you are entitled to receive a free phone call from a debt counselor. When they call you can pose your question to them. You can also answer posts or ask questions on this site. Good Luck!

I am sorry that you son has alienated you after you at least brought him a cell phone. But apparently, he is not learning any kind of responsibility because he has not paid his cell phone bill.

As for you and your credit report, did you happen to be a co-signer for his cell phone? Or did you obtain the cell phone in your name? Either way, if he fails to pay for the phone, you are can be held liable for the debt. That is why I don't have any relatives as my co-signer for anything because I have heard of horror stories such as these. You need to contact Verizon and work out a payment arrangement with them to pay the debt that you didn't make and then, and you may not want to do this, you might have to take your son to court for the amount. By the way, how much is the amount?

I bet if you take your son to court, he might just learn a little thing about responsibility.

Very good point, Alexandra. I know some parents would never consider taking their child to court, but sometimes "tough love" is what it takes.

However, since her son is already alienated from her, I doubt that taking him to court would help that situation. But I do truly hope that he realizes that cutting ties with his family is a mistake - and once he does, perhaps he will try to right this wrong.

I had this happen to me when I turned 18. I got one of my friends a cell in my name and she didn't pay the bill. Luckily I had put it in my name in care of her name. I took it to small claims court, and she had to pay monthly pmts until she got it paid off. I think that the only way he will be liable is if it was in your name in care of his.

I co signed for my son's college credit card and now it is in default. Is it wrecking my good credit score?

It you cosigned, then it you as legally obligated to pay the debt as your son. Yes it will probably tank your score.

It will if it is not paid. That is the downside to cosigning.