Please help my poor dad!

LolStevo

Hey guys am hoping for some words of wisdom as i feel so sorry for my dad and am helping him out!

He has run his own business for 27 years earning a good wage paying his bills on time every month,

after recently bein knocked back for a £50 overdraft with his bank who has been with for about 20 years i decided i would look further into it!

Well iv got his credit report from equifax, and my horrible brother is on his report as they have the same name but spelt with one letter different. He has always had this problem and finally got him removed from his credit report as his credit score is atrocious with ccjs and defaults everywhere!

Iv just got an up to date one and my brother is not a financial associate but now his girlfriend is as they bought a house together in 2007. So their address is now down as a linked address and all their debts on my dads report.

Also ther is 1 default on his report which is for lowell financial which from letters to our house is from littlewoods accounts from my brother, the only problem is that the name is spelt my dads way with his date of birth!

I just dont know where to start! I need to get my brothers girlfriend off, their address off, sort this default out in his name and clear it all up!

So guys where do i start??? xx

MrsTinks

Start with contacting the credit reference agencies - do it by letter and send it recorded - list the entries that are incorrect and explain that these are nothing to do with your dad but relate to Mr X Jnr, if you want to make their lives easy then put his new address for them but don't feel like you have to

The account that is in your dads name with his details - make clear to the agencies that you dispute this as being correct, they then need to contact the creditor to verify the details - as your dad never signed anything they won't have a chance. The only possible hitch could be if your brother lied and put your dads details - then you may have to report it as fraud (which it is) and it'll cease to be your dads problem. In future, you can prevent any credit being taken out in your dads details by putting a special measure on his files - I can't recall the name of it but all the details are on the websites. This means in order to use his details to gain credit a security check will have to be manually performed. At least it will mean your brother shouldn't be able to affect your dads rating in future.

LolStevo

Thanks so much for your help! My dads bailed him out so many times so cant believe hes done it all again and hes nearly 30 so a bit old for it now haha!

Il definitely get onto it now will have a lot of letters to send! xx

RAS

Hi

get hold of CIFAS and get a preventative CIFAS marker put on your dad's account. That means that every time he applies for credit that have to double check, but it stops your Db getting credit with dad's details.

MrsTinks

My parents were still bailing out my step brother and sister well into their thirties... I caught wind of it and pointed out that at this rate it would cost them their home... They seem to have realised this and took my main point on too... "They won't learn if you keep bailing them out... they're over 30 now... if our brother at 18 can work summer jobs, weekend jobs and go without fags to ensure he leaves Uni debt free then frankly they can stop partying, buying the latest fashions and having all the games consoles known to man! They haven't learnt - stop making it harder for them!"
Yes I have debts (less than £10k now!) but I've never had a hand out and I could be debt free tomorrow if we sold our house. Mine is managable debt - theirs is... astronomical! :eek: Unfortunately they live in a country where BR isn't an option the same way it is here... (not to mention my step brother hasn't paid his tax for the last 2 years and expected help to bail out of that one... imagine his surprise when the answer was no... )

LolStevo

oh god i do feel sorry for your mum and dad! Im done with helping him now, im his younger sister and cant believe it still hasnt sunk in that hes sh***ing on his own father!

Thanks RAS il get onto it asap. xx

DarkConvict

expected help

Exactly, that is the problem with giving to much help!

MrsTinks

DarkConvict wrote: »

Exactly, that is the problem with giving to much help!

Yup... I know I hadn't realised just HOW much help they had given them over the years but crickey! I think they got their mothers money sense... (ie none) because their dad and my mum are very sensible on the whole, I'm fairly sensible and my brother (half so also their half brother) is almost sensible to the point of paranoia I think my debt by comparison is probably about 10% of theirs - provided they have been honest with our parents about the severity... now given that I work and earn pretty well and neither of them have full time job (one does labouring as and when and the other... who knows) then I can't fathom HOW they've gotten all this debt! Who on earth keeps lending it to them!