Troy McClure
Registered User
- Messages
- 300
A friend has been put in a very difficult situation. Their daughter, a student, discovered that there was a bank loan in her name which she knew nothing about. After talking to the bank it came to light that one parent with a failing business took out a loan in her name as their credit rating was so bad. The payments are behind and the interest has mounted up. This is obviously quiet a dispickable thing to do and my friend and daughter are very worried.
The bank have insisted she pays this loan back even though she didn't ask for it. Without getting into a debate about what should happen to the parent can anyone comment on the role of the bank here.?
This was a couple of years ago when taken out. This young girl will have her credit rating damaged by this and she never asked for the loan. Could she take the bank to court for not doing a proper due diligence on giving the loan? I bet if she walked into the bank currently she would probably have to do 2 face to face interviews to get a loan. The bank have refused to let the parent take over the loan because they have such a poor rating. The parent has said they will continue to service the loan...
What can be done here in relation to the bank here to restore her credit rating as surely they cant insist on this as it was illegal to begin with?
The bank have insisted she pays this loan back even though she didn't ask for it. Without getting into a debate about what should happen to the parent can anyone comment on the role of the bank here.?
This was a couple of years ago when taken out. This young girl will have her credit rating damaged by this and she never asked for the loan. Could she take the bank to court for not doing a proper due diligence on giving the loan? I bet if she walked into the bank currently she would probably have to do 2 face to face interviews to get a loan. The bank have refused to let the parent take over the loan because they have such a poor rating. The parent has said they will continue to service the loan...
What can be done here in relation to the bank here to restore her credit rating as surely they cant insist on this as it was illegal to begin with?