Teen Wonders If She Should Sue Parents For Damaging Her Credit Score By Putting Their Bills In Her Name (2024)

FAQs

What to do if your parents put bills in your name? ›

To get an extended fraud alert, you will need to file an Identity Theft Report. If the identity theft is confirmed, the fraud alert can be extended to seven years. To freeze credit or get a fraud alert, contact the credit reporting agencies: Equifax (800-685-1111), Experian (888-397-3742) and Transunion (888-909-8872).

If you believe the information on your credit report has been mixed with that of someone else, you should submit a dispute with all of the credit bureaus that have incorrect information on your credit reports.

Yes, if you lent someone money and they never paid you back you can sue for the money they owe you. Additionally, you do not need a contract to sue someone for money owed, however, if there is a contract or some type of written agreement or evidence of an agreement this will be useful in court.

If you find out your parents stole your identity, the emotional and financial ramifications can be extremely challenging. But you can at least fix your credit and ensure that creditors don't hold you liable for debt that isn't yours.

Some parents put some or all of their assets into their children's names while the parents are still alive for one of the following reasons: (1) tax reasons; (2) protection from nursing homes; (3) lawsuit protection; or (4) probate avoidance.

It may come as a relief to find out that, in general, you are not personally liable for your parents' debt. If they pass away with debt, it is repaid out of their estate. However, this means that debt repayment could diminish or eliminate assets and property you could have inherited from your parents.

Winning a damaged credit score claim is not easy. But it can be done, and people have won these cases against credit bureaus, lenders, credit reporting agencies, and other related companies. You have rights under the Fair Credit Reporting Act (FCRA) and protection under the Consumer Financial Protection Bureau.

If you're worried about the effect that your debt might have on the people you live with, it's worth knowing that credit files are independent of each other unless there is, or has been in the past, a specific financial link such as a joint loan.

These days, credit checks are carried out on people not addresses, so addresses cannot be blacklisted. Your credit history could be affected by your son's debts if you've applied for credit together at some stage, creating a link on your credit reports.

Generally, family members don't have to pay the debts of a loved one who passes away unless they're shared debts. Inherited debt repayment can vary by the type of debt. For example, secured debt, like a car loan, might be handled differently than unsecured debt, like a credit card.

Can you legally sue your parents? ›

Abuse Survivors Can Legally Sue Abusive Parents

If you are an adult survivor of child abuse and the abuser was your parent, foster parent, or legal guardian, you have the legal right to file a lawsuit for damages. Winning a civil lawsuit against a parent for unreported abuse will be difficult, but not impossible.

The concept of suing one's parents for bringing them into existence without consent is not recognized under any legal system. It is primarily a philosophical argument rather than a legally recognized cause of action.

If you're interested in building your child's credit before they turn 18, you can explore adding them as an authorized user to one or more of your credit cards. There is no legal minimum age for adding a child as an authorized user, however you should check your credit card issuer's policies.

It doesn't matter if you know the child or if you're the parent — it's still identity theft. And child identity theft by parents is still a crime. Aside from the financial repercussions, child identity theft by parents can destroy the relationship and split families.

Explain to the credit card issuer that someone opened an account in your name and that they are trying to steal your identity. Ask your issuer to freeze your account. You'll want to confirm with your issuer that there's no way for anyone to charge new purchases to the account.

In most states, for a child to be held accountable for a parent's bill, all of these things would have to be true: The parent received care in a state that has a filial responsibility law. The parent did not qualify for Medicaid when receiving care. The parent does not have the money to pay the bill.

It would be theft, assuming that possession of the said item is legal in the first place. If the parents disapprove of the said item, they could ask the child to leave their home (and ask the child to take the item with him/her) but they may not take the item.

A gift deed frames the ownership of the house as a gift the parent gives the child. Both parties must sign the deed, and there is no exchange of money or compensation. In this case, the child will be held liable for gift taxes and may be subject to capital gains if the property has increased in value.

If there are little to no assets to be marshalled into the estate, many of these creditors will have to write off the uncollectible debt. Filial support refers to a statutorily-imposed obligation for adult children to be financially responsible for the debts or obligations associated with the care of an elderly parent.