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wow we just went in to my hubbys credit report for the very first time in our life's and found out that his mom has made 13 loans under his name and we're barely finding out, if we freeze it will she be screwed to get another one?

I cant believe shes been getting loans off of his identity since 2002 03, 04, 05, 06 and 2007 ! she was a bank loan officer and she got away with all of that, how can that be. Even if she paid the payments can she still get in trouble?

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Anonymous

Asked by Anonymous at 3:39 AM on Jan. 25, 2009 in Politics & Current Events

Answers (7)
  • Yes, it's fraud, and she can be prosecuted for it. Not to mention her employer will probably have a few issues with her, too
    NotPanicking

    Answer by NotPanicking at 3:45 AM on Jan. 25, 2009

  • How did she get loans under HIS name? Doesn't he need to sign stuff? Has he said something to her? Wow I am in shock a mom could do that to her son and screw him over like that :(
    PassionMamaDK

    Answer by PassionMamaDK at 4:02 AM on Jan. 25, 2009

  • I think she was able to get them because she had connections and knew all the tricks to the bank since she was a loan officer for like 10 years... a couple of months ago she barely stopped working there, I guess cause they found out what she was doing and fired her. Her excuse to leave that job was the economy. She knows my hubbys social security number, thats the bad thing. So the only way of putting a stop to that is it freezing his credit report?
    Anonymous

    Answer by Anonymous at 4:06 AM on Jan. 25, 2009

  • You need to not just freeze it, you need to report her to the police!

    I know she's his mom, but a mother who was worthy of that name would never do something like this!
    sailorwifenmom

    Answer by sailorwifenmom at 4:36 AM on Jan. 25, 2009

  • Not everything reports to a credit report, and there are 3 companies, so you need the fraud alert on all 3. They aren't going to put the fraud alert on unless you have it investigated, so your only real option is to report the fraud. You realize it's entirely possible she has other things in his name that don't hit credit reports? Most utilities don't bother, or subscription services. There could be dozens more things in his name that you can't see there.
    NotPanicking

    Answer by NotPanicking at 4:37 AM on Jan. 25, 2009

  • Has she made all the payments on time? If she has, she's actually building his credit. It's still wrong, as it's fraud and identity theft, and you have to put a stop to it somehow. If you are on good terms with her and she hasn't defaulted on any of the loans, go to her and ask her what the hell she thought she was doing and why would she do that to her own child. Also if your husband has any siblings, tell them to check their credit too, she would hardly stop at identity theft of one child. You are in for a long haul of cleaning up and rebuilding your credit if she has defaulted on any of these loans.
    Anonymous

    Answer by Anonymous at 12:32 PM on Jan. 25, 2009

  • Freeze your credit, and she won't be able to use it any more.
    christaberk

    Answer by christaberk at 1:19 PM on Jan. 25, 2009

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