I posted this thread under McGill, but I am posting it under general discussions too to see if more people will help me! Thank you in advance
Hi people, so I am posting this thread in a desperate need for help. This is a bit personal but at this point I don't know what to do anymore. When I was eighteen, my father asked me for my credit card because my family had payments to do or else we lost the house (which we did lose after all). I have no idea why my limit was approved for $8,000 but it was. Naive and stupid like I was I lent him my card. I left the card with him for a month because he told me he would pay it at the end of the month..Yeah he is my dad so I trusted him... Next thing I know, he would not let me access, see, or use my card anymore. I looked for it everywhere and cancelled it when I couldn't find it. ANYWAYS, the other next thing I learn is that he filled it completely in a month...yes $8,000. Then he goes bankrupt and on welfare so he has no more debt or income and I am stuck with this debt until today 6 years later (now the amount is $11,000 because he never paid anything)... So yeah I have so much anxiety because of this. I know it is all my fault for trusting him. I tried paying it bit by bit because I have almost no income since I am a student. But the amounts I put are useless since they don't even cover the interests. Now I have a very bad credit...the score they give right before bankrupsy. I am accepted into law and don't even now if I will have scholarships to pay my tuitions. Obviously because I have a bad credit, no bank will be willing to open me a lign of credit. To pay my tuitions I would do anything even if it means working multiple jobs but in law I cannot afford to take time away from my study time. My question is: Has anyone experienced something similar. If yes, what did you do? Advisors have told me to bring my father to court...but that is not what I want to do..it's not like he can pay it anyway. I was thinking of doing a bankrupcy because I will need credit in a few years that's for sure..but that is my last resort and I can't think of other options right now and I need to be able to sleep at night!
Thank you for your support and insights, sorry if this comes accross as desperate but I can't find relevant information aside from applying for a bankrupcy.