Pinkdress88 wrote:
My DH opend a credit card in my name and never paid it. I did not know anything about it until I was called at work by a collection agency. The amount is $3500. Is there anything that I can do since I did not authorize this? If I am trying to build a home in a year..should I pay it in full or agree to settle for less? Can I have it totally removed from my report since it was not me? Thank you in advance for your help!
Wow, this story makes me a shamed to be a man. Truly awful! The damage has been done but here are your options.
1.) If your state allows it, place a freeze, not a fraud alert on all three of your credit files, (EQ, EX and TU) this will help prevent further illegal activities by your hubby.
2.) I know this is really not your debt, but doing a 1-2 punch (disputing as not my with the credit reporting agencies and simultaneously debt validating with the CA) might get this collection deleted. The problem is I'm concerned what might be revealed by choosing this method, you're hubby could get nailed for fraud.
3.) To avoid any possible criminal proceedings, demand your husband pay this himself or else! Offer a PFD (read the link below and use the PFD sample letter as a guidline) to the CA. If you choose to go the PFD route, DO NOT sign the letter just type your name.
Credit scoring 101
PFD Letter
As a side note, I'm not a mortgage expert but you might be required to pay this collection before gettting financing on a construction loan. Perhaps lady_scarlet will chime back in with more info on this. GL and let us know what the outcome is.
P.S. You should punish your hubby by letting us scold him in the forums for weeks on end for his poor, stupid and unloving behavior.
Message Edited by fused on
11-12-2007 07:51 PM
