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HomeCredit ForumCredit repair

Help with loan thats not mine!

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dfritz001



Joined: 10 Jun 2008
dfritz001's page
Posts: 1



34 Magic Points
Subject: Help with loan thats not mine!
 
 Posted on Tue Jun 10, 2008 6:15 pm  
My daughter got a Dell account in her business name. I was used as a cosigner but I just found out today when the CA called. I do not want to press charges against her because of my grandchildren. Can they still hold me responsible since I never signed any papers? Nothing was signed in my name at all. Thanks so much for your help.
 
CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 378



4034 Magic Points
 
 Posted on Tue Jun 10, 2008 6:36 pm  
I would send a written request asking for proof that you signed a contract agreeing to pay any defaulted loans. IF they cannot provide it they are violating the FCRA and they must remove it or leave themselves open to a lawsuit.
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scott

scott

Joined: 28 Jun 2006
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Posts: 186



5011 Magic Points
 
 Posted on Wed Jun 11, 2008 6:38 am  
Hi dfritz001
Since you have no signatures on the loan agreement, you are not at risk. If they at all call you for the debt, you can ask for a copy of the loan agreement papers to find out whether you have your signature on it or not. If you don't find any signatures on the documents, you can challenge them and even threaten them to complain to the FTC if they hold you responsible for the debt.
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SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
Morningstar

Morningstar

Joined: 17 Apr 2007
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Posts: 609



40 Magic Points
 
 Posted on Thu Jun 12, 2008 12:04 pm  
I wonder if you are just a reference, and not a co-signer...and the CA is trying to manipulate you into paying.
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Guest







 
 Posted on Thu Jun 12, 2008 9:36 pm  
Thank you all for your help! Your answers made me feel so much better. RMS(Receivable Management) said that I was listed as a personal gurantee so I am assuming that is like a cosigner. Someone named Gary from RMS called me last night. I asked if he could send me copies of the original loan papers that had my signature on it.....and he HUNG UP on me!! Maybe that's a good sign?!! Thanks again everyone for your help and advice. I appreciate it!
 
CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 378



4034 Magic Points
 
 Posted on Fri Jun 13, 2008 6:55 am  
WOW, thats rude. I would def send that request in writing.
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and quick credit repair tips.
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carol

carol

Joined: 27 Jun 2006
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Posts: 401



10920 Magic Points
 
 Posted on Fri Jun 13, 2008 9:15 am  
Hi
In such a situation I would have sent a certified mail asking them to send me a copy of the loan agreement papers which has my signatures that would validate my accountability towards the loan. If they cannot, you can threaten to take them to the FTC if they disturb you again.
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