This is probably going to be a long post. Created a burner so no one I know would see it.
I’m 25 years old. Graduated college when I was 22. My mom basically set up my whole financial student loan situation. I trusted her and didn’t know much because I was 18. My mom led me to believe that she was paying the student loans but some of them were in my name, and some were in her name.
My MacBook died when I was 20. My mom suggested that I get a Best Buy credit card and buy a new MacBook and she would make payments on it. About a year later, the washer and dryer at our house broke and my mom told me I needed to get new ones and put it on my Best Buy credit card. Once again, trusted my mom. She also helped me open a Discover card so I could make small purchases like gas and pay them off to build my credit.
I got my first real job doing what I went to school for when I was 23. I wasn’t making much but I wanted to help pay for my student loans. I kept trying to get it set up to make payment but my mom always would put it off saying things like “oh let’s wait and do this another time.” I didn’t question it because I trusted my mom.
Last year, my mom sat me down and said “listen, I don’t want you to tell your fiancé or anyone this, but your identity has been stolen and we have to go to court to fight it. I need you to go withdraw your $6,000 out of savings and just keep it in your closet in cash.” I questioned her and said things like “are you telling me the truth? Something about this seems off.” She swore she was telling the truth. I always thought my mom was a great person and she taught me growing up that lying is unacceptable. So I kind of believed her.
Something else that I found fishy is that I have never received a tax return. I asked my mom every year to help me file my taxes and she always said there was no point because I wouldn’t get anything back.
I decided to check my credit score for the first time on credit karma and my heart sank. My credit score is at 450. I have 20 closed student loan accounts that say US DEPT OF EDUCATION (I don't even know what that means that the account is closed.) The payment status for those are "in collections/charge off". Two remain open with a $4,712 balance.
Now on to the status of the credit cards. The best buy credit card is $3,072 past due. Says charged off as bad debt and canceled by debt grantor. The discover card is still open but it says it's at $1,475. There is a closed Capital One card I had no idea about that is "in collections/charge off" for $893. There's a "SYNCB/Care Credit" card also "in collections/charge off". That one says $0.
I have not confronted my mother about all of this but I have told her that I am aware of my credit score and I'm scared of how much debt I am in. She tells me that she is going to take care of it and not to worry.
She is continually asking me to borrow money saying that she will pay me back but never does. I have started saying no when she asks for money.
To top this all off, she treats me like dirt on the ground. Meanwhile, every time I check the mail, there is a new package of clothes from Abercrombie or some other expensive store that she bought for my 15 year old brother. They constantly go out to eat. Always getting packages in the mail from QVC and amazon prime.
My biological father gave me a 2005 expedition a few years ago and I drove it home from where he lives in DC even though I already had a honda accord. My honda accord broke down and my mom insisted that I drive my step dad's 1999 4 runner and that they drive the expedition because "it is too big for me to drive and takes too much gas." I have had to pay over $4,000 in repairs for the 4 runner in the past year. I ask continually ask her how it is fair that I am having to pay this while they drive the car that my biological father gave me and she gets very defensive and says that she's given up her whole life for me.
I want to get out of this house as soon as I possibly can. I have a job where I make 40,000 a year. I know I could afford an apartment, but I don't know how my credit would get approved unless I moved to a ghetto area that didn't check your credit.
Please give me any advice possible. I am desperate. I need a new car, an apartment, I am on track to be married next April. All of those things seem impossible with my current situation.
Submitted April 21, 2019 at 08:17PM by DistinctProcedure http://bit.ly/2Pm5pAR
