Car Loan results in finding Credit Card

I have always had excellent credit.

I recently found out I was pregnant and well my car is too small. It is a tough sqweeze for my two children and my boyfriend now, I cant imagine trying to cram an infant seat in also.

I went looking for cars/van/suv's. Basically trying to find something that is big but not too big. Well I bought my last car almost 9 years ago, I wanted to trade it in for a new vehicle and get a loan.

Well I was denied. Denied?? Yeah I went to be preapproved for a car loan and they said I have too much debt. I found out that right before I got divorced my ex-husband charged up a joint account credit card that I did not know about and now he is past due.

I cant prove he forged my signature on the application so now I am wondering what to do with this. I am so angry because I dont feel I should have to pay this, but it is showing late on my credit report too.

I called the company and they closed the account since they cant just remove me as a card holder, I also got the company information. My plan is now that the account is closed to pay the minimum due so atleast it is not past-due it month. I know it will do no good to go back to court to get him to pay the bill since he will just ignore the bill and since my name is on it I am still suffering.

[creditcardfree]

If you did not sign up for this card, I would call the cc company and ask them to send you a copy of the original application to prove that your signature is on the application.

It doesn't help you with your car loan...but it might get you off the hook for owing on this cc.

How much time until you NEED this car? Do you have ANY cash to purchase a vehicle with? Maybe the amount you spend on a car will have to change temporarily so you can purchase with cash. Once this is past due account is cleared up you can apply for a loan and get a different car.

Good luck.

My boyfriends mom, is going to loan us her van and drive my car once the baby comes until I can get the mess with the credit card company straightened out.

I will of course put full coverage on it, but I still worry about driving a vehicle that is not mine.

[poundwise]

Ouch. That stinks. Sorry to hear that you have to deal with this mess. How much is the balance? What does your divorce decree say about debt responsibility?

Side note: I would never trade in a vehicle. You will get much more by selling it yourself. Dealers, at best, give you wholesale/auction value.

The credit card balance is approx 13,500.00.

The divorce decree did not have any debts mentioned because we sold our house to pay off all our debts (well all the debts I was aware of). We actually had a couple grand in the bank when we desided it was time to seperate.

[LivingAlmostLarge]

I would not drive a van and give your car away. The problem is what happens if she gets into an accident or you do?

[Inkstain82]

Okay, if you didn't know about the account at all, then I take that to mean you didn't really sign for it?

If so, don't take this lying down. Lawyer up and challenge it.

[boosami]

1. Get a copy of the signed form and see if there is any way you can refute the signature or "prove" it is not yours.
2. Dispute the account on your credit report as fraud. It is possible that they will remove it and your credit score will recover immediately. However, the collection agency can still try to come after you for the owed debt. Once it is removed from your credit file, though, they cannot put it back on.
3. Talk to a lawyer and file a police report on the fraud. They may be able to help prove it is not your signature on the application. Or, they may be able to prove that he did all the spending on the account and that will help your case. Did you have a divorce lawyer? Maybe he can help.

Thanks for the advice, I guess I am afraid to report the fraud because it will make everything more ugly than it is.

I cant afford to pay the bill, and dont think I should have to but I just want to be done with that part of my life.

[boosami]

Originally Posted by NDArmyGrrl

Thanks for the advice, I guess I am afraid to report the fraud because it will make everything more ugly than it is.

$13.5k of debt of which you didn't charge a penny. In my opinion, it does not get more ugly than that. He shouldn't get away with defrauding you, period. If you're concerned, tell him to take full responsibility for it and help get you removed from the account. If he refuses to help, tell him you will be forced to report it as fraud because you can't afford it.