How to handle a loan taken out in your name without permission
Fraudulent loans and identity theft often leave victims trapped between financial liability and the painful dilemma of reporting a family member to authorities. Discovering unauthorized accounts or facing collection attempts without knowing how to resolve it stops people from securing their credit and stopping further fraud.
What people tried
Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.
- 1Pressing charges or reporting identity theft to the police and FTC
- 2Paying off the loan or covering the repair costs
- 3Taking possession of the car, repairing it, and selling it to pay off the debt
In their words
Unedited, grouped by where they were said, most upvoted first within each place, each linked to the thread it came from.
“Got 5 emails at once about denied personal loans that I didn’t apply for.”source ↗
“Did my information get stolen? Its not a phishing attempt, the notifications are from Upstart, who I have a loan with. I signed into my account with 2 step verification on their site and the denial documents are present on my account there. Whats going on?”source ↗
“I just really want to get out of this situation and I don’t know how without pressing charges against my sister”source ↗
Where this came up
People with this problem also raised
- 4Bank refuses to close fraudulent business account opened with my EIN
- 2Family opened credit cards in my name when I was a minor
- 2Business loans without a personal guarantee
- 2How did my credit card get hacked while traveling?
- 8Do I have to return an accidental double payment?
- 6How do I dispute a bunch of incorrect charges at once?