A
female
age
30-35,
*essabarela505
writes:So I have sort of a financial problem... Apparently my dad and mom want to work up my credit then have me go bankrupt I have no specicfic reasons why so dey want to ... But I have no control and if I say no they stop talking to me... Why would I wana go bankrupt when I have no reason to. So for people that have more of an insight on all this please help me out! Gracias.
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female
reader, Laura1318  +, writes (5 March 2010):
 If your dad bought the house and then you are declared bankrupt, you won't have a house to live in.
The creditors would take back the house. I don't see the point in going through all that .
The only thing will be your debts will ballooned sky high with those late charges and penalties. It would be very difficult to to settle them.
A
male
reader, GrimmReality +, writes (4 March 2010):
 If you are pregnant all the more reason to be VERY suspicious of your parents at this point. You need to take the bull by the horns.
I don't know but generally I would think your parents would want to bend over backwards to make sure your life is as stress free as possible with a baby on the way. However it sounds like they have some ulterior motives(they are broke obviously) for sure and I am afraid you need to not wait to move out. Please get out of that house at once. Why even tempt fate with your health, let alone your credit?
I am sorry this is happening to you. Run from your parents as soon as possible.
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A
female
reader, nessabarela505 +, writes (4 March 2010):
nessabarela505 is verified as being by the original poster of the questionI've tried talking to my dad he is very stubborn I told my bf about the situation he says somethings not right my dad wants me to get a house but oh what do you know it's a house for all of us which mean mom dad lil brotha and me. This is so unfair and yes later on today I will be talking to them. The only reason I do get pushed and bullied by my parents I do live with them going to school and I'm pregnant and c in a couple of months I will be moving out. Thank you all! This is great help! See how it goes. :)
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female
reader, k_c100  +, writes (4 March 2010):
 They cant take out any credit in your name, or take any money from you without your consent. So unless you are happily sitting there filling out credit applications then you are in complete control of the situation. If they do go behind your back and take out credit in your name then that is fraud and you should go to the police.
If the worst thing that happens is they stop talking to you, then that in comparison to going bankrupt is not a big deal. Just let them sulk when you tell them no and I'm sure they will get over it in a few days when they figure out some new ridiculous scheme to get money.
If I were you I would just stand up to them and be strong - you are an adult and it is time to take control of your own life, dont let your parents bully you anymore. Maybe think about saving up some money so you can move out into a place of your own where your parents cant bother you any more.
I hope this helps and good luck!
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A
female
reader, BagLady +, writes (4 March 2010):
Sadly the choice is you should say no, and if they don't want to talk to you, then it's time to cut ties until they get a clue. If they can tell others what they are doing then they will get a wake up call.
I know it hurts, but your parents are abusing you and your relationship to them. It's no different if they told you they want to have sex with you, want to hit you...insert abuse...and then not tell you why (which doesn't matter because there is no good reason to sway what they want into the realm of good sense)...and then say if you don't do it, we won't speak to you. Not everyone who produces offspring is a good parent.
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male
reader, Boredatwork +, writes (4 March 2010):
 Say no!
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A
male
reader, CaringGuy +, writes (4 March 2010):
This is insane. The is actually one of the worst things I have ever read. The good news is that you're over 18, so you don't need to give into them. They do not have control at all. If they do use your name, tell the police and have them done for fraud. Because if you don't it will be you who can't get a house, a car, insurances and such.
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A
male
reader, rcn +, writes (4 March 2010):
 if they talk to you or not, say no!!! I say, let the pout and not talk all they want. your credit is yours and yours alone. they have no right to your credit and they don't have the right to tell you to file bankruptcy, and for what?
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male
reader, Red Green 0289 +, writes (4 March 2010):
Your parents are crazy and reckless. First, today employers are using credit score to make hiring decisions. If you screw up your credit (bankruptcy is a rocket ship ride to that!) you'll likley find that most companies will NOT want to hire you as folks with bad credit generally make BAD employees... If you're irresponsible with you're money, why would I hire you?
You parents appear to think that there are free rides out there... not so- no free rides. Protect your credit at all costs- your an adult, if they will not talk to you because you will not put your future in harms way then GREAT!
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A
male
reader, GrimmReality +, writes (4 March 2010):
Uh yes you are at least 18 years of aged that means you are a legal adult in the United States and if you tell them NO there is not a damn thing they can do about it legally. They can act like kids and kick you out or threaten you I guess if you live with them., In that case I would see a lawyer.
Its not your fault if they are terrible money managers and screwed their credit up.
They are going to visit their faults on you.
Think about it.
In the world today they have stopped giving credit cards willy-nilly to young adults like they used to. Back in the 80's and 90's most credit companies ate it when a student used to go to college their first year, max their credit cards out on booze, pizza and weed and then declare bankruptcy. It was a hazzard but it happened alot. Now days with bank and credit company restructuring and changes in the bankruptcy laws those types of bankruptcies are less likely to be forgiven and they come after you with full force.
Your credit is everything.
Jobs, housing, the ability to secure even the smallest of loans are contingent in most cases on your credit history. Please listen to what Topaz and I are telling you. It is absolutely CRUCIAL.
I agree with Topaz too and I will take it one step farther(sadly) that I think your parents will be more than happy to begin to open accounts and take loans out in your name behind your back if you don't watch out. Sounds like they are financially in the shithouse and will try to use your credit to get them out of whatever mess they got into.
Please get your credit reports from ALL 3 reporting agencies because generally they don't communicate between each other and may be radically different.
Understand that your parents have knowledge of your social security number and I am sure if they are pushing you like this that it is only a natural progression that they take the next step and do this behind your back. Stranger things have happened and please under no circumstances are you to agree to add them to any of your accounts as an authorized user or anything in that vein. I'm sorry that this is happening to you but please listen to what we are trying to tell you. Your whole future is ahead of you. It would be a shame if you were bullied into forfeiting that future because your parents made bad money decisions.
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A
female
reader, Laura1318 +, writes (4 March 2010):
No responsible parents would want to destroy their children's future for some short term gains.
Your parents intentions is to borrow money without wanting to pay back to those financial institutions.
Do you have credit cards or loans? You can cancel your credit cards and don't sign up for any loans under your name .
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female
reader, Carrot2000 +, writes (4 March 2010):
 You DO have control. They have no right to expect you to allow them to ruin your credit; YOU will be the one dealing with collection agents and possibly court judgments. Also, it's not as easy to file bankruptcy as it used to be,and if a judge thinks you are abusing the system your bankruptcy request will be denied.
Contact the credit bureaus and put a fraud alert on your report. This will make it difficult for them to open credit in your name:
http://www.fightidentitytheft.com/fraud_numbers.html
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male
reader, Heartbroken in love +, writes (4 March 2010):
Tell them no and to go use their own credit. Hey worse can happen is they tell you to move out. May seem devastating but it could turn out to be a good move
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female
reader, pinktopaz +, writes (4 March 2010):
If you're an adult then yes, you do have a say in it. And if they do this then this is fraud. This is only some "benefit" for them and it's terrible. Credit means so many things, and it can ruin things for you in the future. It takes 8-10 years for a bankruptcy to come off of your file...and doing something like this can keep you from getting a car, house, or even a job in the future. You're an adult and if they do this without your consent, then you can tell the police and they can go to jail for identity theft and fraud.
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