I’m 23 and just out of college and working two jobs while living at my parents house because my chosen field is heavily impacted by COVID. When I applied for a credit card this summer, I checked my credit score and noticed that it was lower than expected and that there were around $60,000 in credit card debt that I definitely didn’t accrue. I was added as user on my Parents credit card when I moved off to college in case of emergencies and I almost never used it. My folks think that because I am listed as a user on the card that the debt they accrued due to some hard times a few years ago is also in my name.
After saving as much as I can from my jobs (I make about $2300 a month before tax) for a while, I’ve decided that I need to move out ASAP and buy a cheap car as the situation both Family wise and COVID wise has gotten worse. The thing is, this debt I have in my name is bringing down my credit score and I’m worried I won’t be able to be approved for a lease or a loan for a car until it improves and my folks refuse to address the debt being in my name and I have no idea how I would go about doing something about it myself if there is even anything I can do. I’m completely lost on the subject of dealing credit card debt and I’m trying learn on my own so any advice is appreciated.
Submitted December 19, 2020 at 09:00PM by TheAmericanQ https://ift.tt/34tNrVA
