I let my mom used one of my credit cards. It now has a 20,000 balance. Can I get the debt out of my

My mom was scammed by one of those invention companies, but not before she racked up nearly $20,000 in credit card debt on one of my cards. She is unable to pay the monthly bill and at this time I cannot either. (I am already making two house notes since we were unable to sell one of our homes - another story - and, yes we have a renter but they are only covering a portion of the rent).

Is there anyway I could put the debt in her name?

Can I just file bankruptcy on this one card?

Would it be best to not pay the bill and try to settle with the credit card company?

Do I have any other options to get rid of this debt?

I let my mom used one of my credit cards. It now has a 20,000 balance. Can I get the debt out of my name?

Your only real option is to get a lawyer and see if they can sue and get back your $%26#039;s. You might be forced to sue your mother.

As far as the credit card company is concerned, You are it. I would highly recommend that you go to them to get it restructured so that you can pay it off, obviously with help from your mother.

No judge that I know will let you file bankruptcy on the one card as you still have assets. I believe again that your only hope is to tell the CC company and restructure the payments

Even though you lent it too her, you are the one stuck. Basically, you cosigned for her and got stuck like parents do for their kids/grand kids. with cars and sometimes homes.

Good luck

I let my mom used one of my credit cards. It now has a 20,000 balance. Can I get the debt out of my name?

You owe the money and they won%26#039;t allow you to say your mother owes it. Lending your credit is the same as lending cash.

I let my mom used one of my credit cards. It now has a 20,000 balance. Can I get the debt out of my name?

Wow. That%26#039;s bad man. Generally you will not be able to transfer debt to another person. If your mom used your card without your permission you could declare that it was stolen, but you%26#039;d be putting your mom in some trouble...maybe jail.

Bankruptcy is also probably not an option. You can%26#039;t just declare individual debts. There%26#039;s a chance you%26#039;d be able to keep some things, maybe even one or more other cards but it would help if their balance was exactly zero when you declared.

If the invention company defrauded you or your mom out of money, you can involved the police. In which case, I would talk to the bank and explain what happened. You might benefit from the idea that many banks these days are in the habit of writing off massive debts like $20B and more.

I let my mom used one of my credit cards. It now has a 20,000 balance. Can I get the debt out of my name?

How did she use your credit card? Did you make her an authorized user? Sorry I don%26#039;t have a good answer for this. I%26#039;d suggest you tell her to get another job and start paying up. Never lend family money or credit!!!

I let my mom used one of my credit cards. It now has a 20,000 balance. Can I get the debt out of my name?

Sorry to say there is no way out. The bill is yours.....

I let my mom used one of my credit cards. It now has a 20,000 balance. Can I get the debt out of my name?

Talk to a bankruptcy attorney. Pronto!