'I am about $60,000 in debt because of them': Daughter has parents arrested after discovering they took loans out in her name to pay off their debt

Author image for Isabella Penn
Isabella Penn
Jul 22, 2024 9:00 AM EDT

Having debt is a major burden. Whether you took out student loans for college, bought a car, or bought a house, you name it, no one likes having debt over their heads. But how would you feel if one day you found out you were $60,000 in debt and had absolutely no clue? And it's not due to negligence on your part, but rather, someone was taking advantage of you? That's exactly what happened to the woman in this story. She was doing just fine on her own, about to graduate college and enter the 'real world' and live independently. When she started talking to her parents about opening a credit card, which required a credit check, her parents started acting really sketchy. Come to find out, they had already been taking out loans and opening credit cards in their daughter's name to pay off bills they were running behind on. So, their daughter had no choice but to get her revenge. We love a good story about karma. 

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  • 01
    A r/AmltheAsshole ⚫ 15 hr. ago No-Mushroom3470 AITA for going to the police immediately when I found out my parents took out debt in my name.
    via u/No-Mushroom3470
  • 02
    My parents took out credit cards and loans in my name. It was fine when they were paying the bills but they got behind. I don't have a key to the mailbox so I never saw the bills or anything. I just
    via u/No-Mushroom3470
  • 03
    finished my third year of university and I was going to move out. That would require me to get a credit check and stuff. My parents freaked out and forbid me from moving out. They said it was stupid that I would waste money on
    via u/No-Mushroom3470
  • 04
    moving out when I could save money living at home. They don't like my boyfriend so I thought that was their issue. But not was I wrong.
    via u/No-Mushroom3470
  • 05
    Long story short I am about $60,000 in debt because of them. I cannot afford to pay that off. I told them that they needed to clear the debt immediately and change the house rules so my boyfriend could spend the night.
    via u/No-Mushroom3470
  • 06
    They said that they didn't have the money to pay the debt and that I could not strong arm them into changing the rules of their house. I called my auntie and asked her if I could please come stay with her for a bit. She let me and asked a lot of
    via u/No-Mushroom3470
  • 07
    questions. Then she showed me a dozen Reddit posts about parents Jup their kids future and kids allowing it. I went to the police and reported it. My parents got arrested and charged. They are furious with me.
    via u/No-Mushroom3470
  • 08
    I know they didn't spend the money on me. I do not know what they did spend it on. I don't care. I feel bad for them but I'm not letting them my future. AITA?
    via u/No-Mushroom3470
  • 09
    ParticularBanana9149 15h ago NTA. "It was fine when they were paying the bills". No. It wasn't. It is identity fraud and it is illegal. Put a freeze on your credit and monitor your reports from now on. Tell them you are furious with them as well.
    via u/ParticularBanana9149
  • 10
    DJ_Too_Supreme_AITA NTA. Aficionado [18] . 15h ago Edited 14h ago My parents took out credit cards and loans in my name. It was fine when they were paying the bills but they got behind Not fine at all. This is illegal and can affect you negatively. My parents freaked out and forbid me from moving out This is a red flag.
    via u/DJ_Too_Supreme_AITA
  • 11
    Long story short I am about $60,000 in debt because of them This is exactly why taking out credit cards in your name was far from fine. My parents got arrested and charged. They are furious with me. I find it insane that they're mad at you for reporting a crime when they put you $60k in the hole
    via u/DJ_Too_Supreme_AITA
  • 12
    . OpalOdessa 15h ago No, you are not the (NTA). Your parents committed fraud by taking out debt in your name without your knowledge, which has put your financial future at risk. Reporting them to the police was necessary to protect yourself from further harm and hold them accountable for their actions. You have every right to take legal action and prioritize your own well-being in this situation.
    via u/OpalOdessa
  • 13
    ExtraordinaryAttyWho • 15h ago NTA. that's exactly the correct move. There are only two options in this situation, which comes up all the time on r/legaladvice Either you report them to the police and get the debt off or you accept the debt as your own.
    via u/ExtraordinaryAttyWho
  • 14
    . LiquidSnake13 • 14h ago Partassipant [3] NTA - OP, not only you are well within your right to do this, but it's imperative for your financial health to report identity theft to the police. No matter what your parents, or any of your extended family tells you, stay the course and make sure that this debt is cleared. Yes that means your parents will go to prison for a long time, but that's what they deserve because this is a crime that destroys lives. Also, do not under any circumstances make an
    via u/LiquidSnake13
  • 15
    alicat777777 • 14h ago The reason they couldn't get them in their name was because of bad credit from previously not paying their bills. Now they are things up in your life. Bad credit can keep you from renting, buying a house and even from getting certain jobs. You did not give them permission and they probably have done it for years. Get a credit check, freeze your credit and start trying to clean this up. They deserve this. NTA. This is the only way for you to move forward.
    via u/alicat777777
  • 16
    Acrobatic_Local3973 • 15h ago He'll no! Prosecute them to the fullest extent possible. Your parents are supposed to care for you and protect you, not screw you over and do illegal on you.
    via u/Acrobatic_Local3973
  • 17
    Curious-One4595 . 15h ago Professor Emeritass [95] NTA. You were the victim of a crime. The fact that it was perpetrated against you by people in your family makes it worse.
    via u/Curious-One4595
  • 18
    breathemusic14 14h ago Colo-rectal Surgeon [30] NTA, but you also need to report this to credit agencies right away so that they can remove that from your record.
    via u/breathemusic14
  • 19
    CandylandCanada • 14h ago Supreme Court Just- [121] It WAS NOT fine because they paid the bills, what they did was highly illegal, you could change the rules that affect you because YOU are on paper the one who runs the house (my house, my rules) and NTA for reporting them. Think of it this way: the role of a parent is to raise a responsible adult. Adults report crime, so mission accomplished.
    via u/CandylandCanada
  • 20
    trillium61 • 14h ago Freeze your credit! If you have siblings, have them check their credit reports too. Your parents stole your identity. Having them. arrested was the consequence that they deserved. Contact the credit card companies and dispute the debt. You are not responsible for it. The debt will be removed.
    via u/trillium61
  • 21
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family drama entitlement drama kids reddit story family feud parenting debt dad arrested entitled family reddit thread daughter Reddit mom karma children entitled people
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