272: How to Sue Your Parents for Identity Theft | Feedback Friday

Fraud Discovery

The revelation of a fraudulent student loan taken by one's parents can be both shocking and infuriating. Jordan Harbinger stresses the urgency of retaining legal counsel to address the situation, emphasizing that waiting could worsen the financial damage 1. He advises against agreeing to any repayment plans, as this could complicate the legal case 2. Instead, Jordan suggests filing a police report to document the fraud and potentially repair credit damage quickly 3.

You cannot expect completely unreasonable people to suddenly become reasonable because you asked them to.

--- Jordan Harbinger

Taking immediate action is crucial to prevent further financial repercussions and to hold the responsible parties accountable.

   

Legal Steps

When faced with identity theft by parents, taking decisive legal steps is essential. Jordan Harbinger and Jason DeFillippo recommend gathering evidence, such as social media posts or texts, that link the loan to the purchase of a boat 2. Filing a police report is a critical step, not only to document the crime but also to initiate a process that could lead to the bank taking legal action against the parents 4.

If you file a police report, your credit may actually be repaired pretty much right away because this was not your doing.

--- Jordan Harbinger

This approach can relieve the victim from the burden of legal expenses and ensure that the fraud is addressed appropriately.