Reply
Frequent Contributor
Posts: 277
Registered: ‎05-27-2009
0

Re: Parents have Credit Cards in my name screwing my Credit Score

[ Edited ]

I'm confused about the student loans. Are those in your name for your parent's education?

 

I understand that they opened (and that you let them open) credit cards in your name. Are they official authorized users at least on the credit cards? 

Current Cards: Banana Republic Visa ($5,300), Chase Freedom ($2,000), Discover It ($11,500), Amex Costco True Earnings ($5,000), Chase Slate ($2,500)
Valued Contributor
Posts: 2,732
Registered: ‎08-13-2009
0

Re: Parents have Credit Cards in my name screwing my Credit Score

JustMe77 - I think the OP was saying he had taken out student loans in his name and had missed a few payments.   The credit cards were in his name, but his parents applied for the cards, received the cards (intercepted his mail), used the cards, charged up the balance on the cards, and sometimes make the minimum payment.

 

The OP was upset becuase the cc debt & missed payments, on top of his own student loan debt & missed payments, had really hurt his credit score.

 

He wants the cc debt out of his name and in his parents name.  

 

The OP now realizes that with as much debt as he has, he can not get a home or do much of anything.

 

The OP is not  willing to turn his parents in for fraud or identity theft.    His parents had previously filed for BK and did not have credit, which is why they applied in their son's (the OP's) name.

 

Hope this helps!

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.