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Re: Credit card debt of parent


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Posted by Why Chat (209.240.198.61) on March 15, 2003 at 22:53:30:

In Reply to: Re: Credit card debt of parent posted by observer on March 15, 2003 at 20:57:00:


I am not sure HOW your insurance agent got involved !! However,

There ARE some circumstances where IF the cards defaulted an investigation MIGHT be made on your and your siblings credit reports,it would require a strong presumption of fraud on your and your siblings behalf.

This would occur if you were using her accounts to your own benefit,such as charging balance transfers from her account to pay your debts, or charging items for your own personal use in her name without her knowledge.

Failing that, if you are "clean" thereis NO reason to continue paying these accounts. Your mother shouldsend lettersclosing all the accounts and declaring insolvency.


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