- November 26, 2023
- Posted by: legaleseblogger
- Category: Related News
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The Importance of Seeking Legal Advice in a Mother’s Credit Card Debt Situation
Introduction
The passing of my fianc├®’s mother has brought about a complex situation surrounding her credit card debt. As her health declined and she became more frequently hospitalized, my fianc├® and his brother were authorized users on her credit card. However, no Power of Attorney was in place at the time. Now, several months after her passing, her debts have gone to collections, leaving her estate with insufficient funds to cover the outstanding debt of 30-40k. Consequently, my fianc├® and his brother’s credit scores are severely impacted, which has caused significant issues, particularly in relation to mortgage renewals.
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Exploring Legal Options
Given the complexities of the situation, it is essential to thoroughly evaluate the legal options available. Seeking legal advice can provide guidance on the best course of action. However, the question of whether it is worth fighting the debt or if the potential legal fees outweigh the benefits of pursuing legal action lingers. The AI Legalese Decoder can help in understanding the legal implications and potential outcomes, aiding in making an informed decision.
Selecting the Right Legal Counsel
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Considering All Aspects
Beyond the immediate concerns, it is crucial to consider all aspects of the situation. Additional questions and considerations may arise, such as the extent of liability for authorized users, the necessity of signed paperwork to become an account holder, and any potential legal precedents or pertinent statutes. The AI Legalese Decoder can aid in analyzing these intricate legal details, offering clarity and understanding.
Conclusion
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****** just grabbed a
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You should begin reviewing your fianc├®’s credit report. Locate the disputed credit card.
You can view free credit report thru his main bank. Majority of the big bank now has free credit report. If not go to equifax free credit report.
https://www.equifax.com/personal/credit-report-services/free-credit-reports/
In the event that the credit card appears on the credit record, he will need to investigate his shared liability.
You must report it if it isn’t showing in his credit report. Which financial company is that?
I work as a lender for big 5 banks, and each one has a unique procedure for repairing credit bureau reports.
He needs to book an appointment to speak to a branch manager to look into it. I hope this will be resolved without going for a lawyer.
Before you spend money on lawyers you should consider lodging a [formal complaint with the bank](https://www.canada.ca/en/financial-consumer-agency/services/complaints/file-complaint-financial-institution.html)
I would recommend downloading the terms and conditions of the credit card in question and copying/pasting the authorised user’s lack of financial liability, and how your fiancee is being told he’s responsible for the debt.
In the complaint include the fact that you asked for proof of your fiancee being a co-applicant on the account and he was denied the request.
Edit; Too late on my reply, other commenter beat me to the punch.
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~~IANAL – Are you sure they were only listed as authorized users, and not co-borrowers on the accounts? I would try to find anything that might indicate if the mother potentially signed them up as co-borrowers fraudulently.~~
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~~If they are indeed only an authorized user, you are correct in that they are not responsible for the debt, nor should they have any impact on their credit. This is definitely something they should fight, and with a lawyer specialized in finances. Building back ruined credit is difficult, and worse with a looming debt still to be paid.~~
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[~~https://www.canada.ca/en/financial-consumer-agency/services/credit-cards/joint-credit-card.html#toc1~~](https://www.canada.ca/en/financial-consumer-agency/services/credit-cards/joint-credit-card.html#toc1)
Did your fiance and his brother use the card to buy things for themselves?
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