Long story short - I gave my Dad one of my credit cards when I was younger and I didn't think much of it. I just wanted to help. He managed to also take out a personal loan in my name without my knowledge until I found it on my credit report. Fast forward a few years and many sessions of codependency therapy later and I've got control of my finances again. My Dad is paying off everything he accrued but it can't happen all at once because it was quite a lot (about $20,000). He paid off about half of it so far. My husband and I want to buy a house next year but have concerns about this debt. I asked the credit company if I could transfer the remaining debt to my Dad's name and they said no. Do I have any other options? Can I make an agreement between my Dad and I that shows he's paying it each month, or paying me income to pay it off?
Note, I don't think this debt is detrimental to our ability to buy a house but I just wanted to see if I have any options.
Appreciate the help.
Submitted December 15, 2020 at 07:31PM by scatter-kindness https://ift.tt/3aslgun
