Throwaway account for privacy purposes.
The gist of it is my dad has opened up credit cards in my name, the 2 biggest ones are these: 1 is closed but there was a debt that apparently the bank was trying to collect but gave up. 1 is still open for about $8k.
He has said he will pay off the current one but I don't know how long it will take.
My options as I see them are to report him for fraud or not so these are the scenarios I have in my:
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I don't report him and he pays them off but then I still have that debt that the bank gave up collecting in my credit score.
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I wait for him to pay them off and then he dies and don't report him and I'll be in the same situation as above.
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I wait for him to pay them off and he dies and then report him (can I still do this), would this erase the records from my credit history? I wouldn't have any way to prove anything.
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He dies before paying it off and then I report it, again I can't prove anything at this point if he already dies unless the investigators can find out automatically.
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He dies without paying it off and I can't prove anything so I'm stuck paying it off.
What should I do? Are there better options than the ones listed, if not which option should I choose?
EDIT: I forgot to mention I live in the US
Submitted June 03, 2017 at 01:59AM by a1s3d5e http://ift.tt/2qKC7Pf
