A young couple, preparing to buy their first home, faces a difficult decision when they discover a mountain of debt in the husband’s name linked to his deceased father’s poor financial decisions.
A Fresh Start
A young couple, a husband (m30) and wife (f27), were eagerly preparing to buy their first home. They both worked full-time and made above minimum wage, but unfortunately, neither of them made enough to qualify for a home with a single income.
A Shocking Discovery
Their dreams were crushed when they received some devastating news during a conversation with the bank. They were informed that there were four collection accounts in the husband’s name, all dating back to 2018. These accounts included power, internet, and two credit cards, and the total amount owed was just shy of $6,000.
A Lifetime of Debt
After hours of investigation, they discovered that the accounts were linked to the husband’s father’s previous address. Sadly, the husband’s father had passed away suddenly the previous September, leaving the couple with a mountain of debt to pay off.
Call the COPS on a Dead Guy!
The only way to clear this debt and prevent it from causing issues with the husband’s credit rating was to file a police report for fraud. The husband was hesitant to tarnish his father’s name and was afraid of how his family would perceive him for doing so.
They Had Already Paid for Everything
The wife, however, saw things differently. They had already taken a massive financial hit paying for the father’s funeral, as he had no money and no life insurance. They simply couldn’t afford to let his father’s poor financial decisions continue to impact their future. None of the recovery agencies were willing to give them a bill paid in full, and even if they paid off the debt, they would lose the down payment they had worked so hard to raise over the past seven months.
The Only Way
The couple was nowhere near having the buying power they had last September, and they were desperate to find a solution. The wife believed that filing a police report was the only way to protect their future.
A Sad Situation
The husband had heritage reasons for wanting to honor his father, as he was a Jr. He was an only child and was raised solely by his mother. His father did not sign his birth certificate, but he was still a large part of his life. His father’s estate was going through probate court to be settled, which added another layer of complexity to the situation.
The Real Issue
The couple had been experiencing complications with the credit bureau for the last three years, trying to access the husband’s credit report. They had to go to the police station and show several pieces of ID, send in letters to confirm his identity, and it took the banks to get them to do everything again to resolve the issue.
It Was His Father!
Originally, they thought the lack of activity on the credit report was the problem, but now they knew that at least one account had used the husband’s father’s social security number with the husband’s date of birth, creating further issues.
He Was Torn
The husband was torn, but he knew he had to do what was right for their future. He called his wife during lunch and said he was going forward with the fraud report that evening.
A Great Solution!
The investigation revealed that they could charge the deceased, and charges were laid against the husband’s father’s estate. They were now working with the credit bureau, and they were told that his credit report should be fixed in 30 days. Each account had been settled, and now they were waiting for the paper trail to catch up.
A Weight Off
This solution was the best thing that could have happened to the couple. They were able to relax in the fact that the husband’s credit report would be freshly updated and the couple would be able to start looking for their dream home once again. It was such a weight off their already burdened minds.
The Internet Responded
One commenter wrote, “Paying off the debts wouldn’t even make amends at this point. They will still take a massive hit to their credit score if it’s not reported as fraud.”
More Internet Comments
Another person said, “File the police report! The father is dead, I’m sure he won’t mind. If the family tries to say something bad about this, tell them that they can pay the bill or shut up.”
A Final Comment
Lastly, this passionate person wrote, “I bet your husband is embarrassed that his father screwed him over deliberately like that. I get that, I really do. But he’s letting the dead guy keep screwing over both of you if he doesn’t stop this.”
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