My father has stolen at least $30,000 from my college loans. Help! What should I do?!?

Question

The loan is my name and therefore it is legally my responsibility to pay it back with interest. He set it up so I got practically double the money that I needed, and he took the surplus.

The school sends the surplus in a refund check written out to me. He puts this into my minor savings account and then transfers almost all the money to his own account.

and even though its a check written to me, technically he didn't break the law because he set up a minor account for me when I was under 18 and never changed the settings, so he still has full control of all my money including paychecks, etc.

he also took my tax returns, and

stole, forged and cased one of my paychecks that i thought was stolen in the mail!!

he took at LEAST 30,000 from me but I suspect its more like 45,000 because that how much is unaccounted for.

plus I have to pay interest on this stolen money as well!

hes in debt almost half a million dollars so i know his motive, but its still horrible to steal from your own kid...

he doesn't know that i know this yet, i did the investigating behind his back...

what i should do? HELP

Answer 1

Call the police and file a report.  Then file charges against him.

Answer 2

Forget a lawyer, this is a simple police matter. Although I'm sure you love your father, this is no small matter. There's little chance you'll ever be able to pay back those loans and defaulting on them will mean you'll never own a home, a decent car and not have creditors breathing down your back for life.

Tell your father you know and if the money isn't returned you'll file a police report. When you get the money back pay down the loans immediately. Don't sign for a penny more.

Answer 3

Go to a lawyer who gives you a no obligation, risk free consultation.

That way you won't get into any more debt.

Also, I would speak to either the bank/federal government (depending on who issued you the loan) and tell them your situation. See exactly what they require.

In the end, no matter who you speak to, they will want solid evidence. Make sure you have a copy of your bank statements, and make sure you are prepared for the h**l the issuer of the loan will give you.

In the end, I don't want to say call the cops on your dad because it seems he acted out of despair; however, no kid should endure such criminal actions from their own father.

Good luck.

Answer 4

wow your father did this to you?  get a lawyer fast and sort it out

Answer 5

speak to a lawyer to know your obligations and risks . ASAP.