So, long story short. In 2012 I opened a small business and my credit was not so good, so my father opened a card and put me on as an authorized user and let me use the card to pay for excess expenses. Well, eventually we kept getting frauded on the card and ended up closing the card with a 6k balance. I promised my father I'd pay it back, and I have been for the past 3 years. The amount always came out of my bank account without me having to really think about it or look into it too much. But it so happens I forgot to change my bank account on the credit card payments, so the payments are past due. I called Citi and set up new payment arrangements and the lady kept repeating "You are not legally responsible for this debt." And I said, no, just morally responsible. However I just received this letter in the mail that says:
"Recently we were notifed that you opened an account with us under the name of (my dad's name). We would like to establish a Restituion Agreement in your name to repay the balance. Enclosed is an Acknowledgement of Responsibility which you much complete and return within 15 days from the date of this letter. Once the new account is established, you will receive monthly billing statements and will be responsible for making payments until the balance is paid in full."
I owe a total of $1,000 on the card. I spoke to my father who says he spoke to Citi because they called him and he told them that he opened the card, but that the balance was my responsibility per our verbal agreement when I opened the card.
You guys might know more of what to do. Should I just call up Citi and try to get this paid off ASAP? They want me to write down my social security number and stuff to send this letter back to them which I personally am not comfortable with. I plan on calling them as soon as they're open tomorrow morning to speak with someone and find out what I can do. I don't mind paying the amount back, I don't even mind it being on my credit because in my mind my dad did me an amazing favor and I'm grateful. I'm just confused why they would send this..
Thank you!
