My aunt has been charged by her credit cards for card insurance she can not possibly use .out of work insurance when you have not worked in thirty years hospital insurance already covered by Medicare etc.tele marketers pressure the elderly she got this years back and has been paying thousands at high interest rate.this is not a fly by night scam major credit cards b of a discover etc are doing This.i had heard some attorney generals were trying to bring charges but I am not able to find anymore on this does anybody know of any settlement ?
I don't think you can be held responsible for your mother's debts - by paying the credit card charges, you are just encouraging the credit card companies. Seems to me, they will stop giving her credit if she stops paying the bills (and no one else rescues her). I know it sounds harsh, but I think that letting them sink financially is better in the long term than a slow death after financial hemorrhaging.
Carol and all the others you gave good advice. My husband could not do anything for himself and would make sure he fell if asked to do anything but could still order items and get his credit cards out-it is an illness and I hope you can get this straightened out and maybe an elder lawyer can write to these companies-I do not think you are responsible for your mother's debts-that was what I was told-only for a spouse.
My mother did a lot of damage with credit cards, and I am the one who is stuck paying the bills now. My sister has power of attorney and guardianship now, I should have done this years ago when mom started charging stuff. We had a really messy court trial and it was terrible to have to go through, and I gave out both physically and emotionally as her sole caretaker. She tried to sue us for taking away her credit cards and checkbook and claimed we stole the things that are stored at my sister's, and I am not sure whether this issued is really settled. She is now in a nursing home, does not like it, tries to use me to get around the rules there and weasel me into providing medications and vitamins that the doctor does not prescribe. I finally told mom I would not come and visit if she was going to try to use me, or ask me to do things that would get me in trouble or even arrested and put in jail. I am now living with my sister, I cannot afford a place of my own with trying to pay off all these cards, at least I have a place to live and concentrate on getting my life back together again. Don't wait too long to get control of this issue of spending and credit cards because it can easily cause a lot of damage to family members who have to deal with paying all of this off when they go to the nursing home.
If no one has a power of attorney get one fast. I used my poa that I had from an elderly neighbor to close her accounts and change her credit card address to mine. I also took over her bill paying. At one point she had five credit cards from one bank. It took me an entire summer to get it straightened out.
Much depends on your mother's mental state, but if your sister pays her living expenses, she should be able to get a handle on this. I'm surprised your mother can do this, as credit is harder to get now.
Does your sister have Power Of Attorney? She should have if she is paying the bills. She could put a credit freeze on your mother's credit reports and that would stop new cards from being approved unless unfrozen. Perhaps checking with one of the major credit card bureaus would be fruitful. Checking with her bank should help, too.
This.i had heard some attorney generals were trying to bring charges but I am not able to find anymore on this does anybody know of any settlement ?
Does your sister have Power Of Attorney? She should have if she is paying the bills. She could put a credit freeze on your mother's credit reports and that would stop new cards from being approved unless unfrozen. Perhaps checking with one of the major credit card bureaus would be fruitful. Checking with her bank should help, too.
Good luck with this frustration.
Carol