He took out $50,000. loans in a two year period and has not paid on them. That is what has ruined our credit. Chase bank sold the loans to American Education Services, right after they were taken out, I have copies of the seven individual loans from the bank. My question is how can my son just put my B-day and name down and receive these loans, and they never contacted me for approval. Shouldn't they be held responsible? My wife can't even go to our Bank in town and just get a loan without my signature or knowledge.
Your saying the only way we can sue the bank is by them not clearing our credit, after filing fraud charges. This is our son we are talking about, it is very hard to file on him, even knowing he did wrong. The bank should have never approved the loans to begin with. When I contacted the bank they had sold the loans and their is no evidence of me or my sons name in the system, but I have the papers to prove that is was from that bank.
By filing the fraud, can we actually go after the bank? What will happen to our son. We are so sick over this. I appreciate all your help with this matter.
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