collection agency

,my 16 yr. old son opened a checking acc. w/o my approval.bounced several checks . with the bank charges and the collection agency it totals about.$1500.00. am i liable to pay all these charges? south dakota

[I AM ALWAYS LIABLE]

My response:

And what does the Bank say about this ?

IAAL

that depends on who you talk to .i have spoken to 4 different people down there. 2 say i am liable 2 say i am not

[I AM ALWAYS LIABLE]

Originally posted by pepe
that depends on who you talk to .i have spoken to 4 different people down there. 2 say i am liable 2 say i am not

My response:

Okay, here's what you do. Since the debts are not yours, you're not responsible.

However, since your son was, and presumably still is, a minor, you write a Certified Return Receipt letter to the collection agency (and copy the same letter to the bank personnel) that your son "disaffirms" the debts and that the responsible party for the debt is the bank (give name, address and telephone number, and whom to contact).

The bank is on the hook. This is because the bank created a "voidable" contract with a minor, which can be disaffirmed by the minor. Make sure that your son also signs the letter.

Once the letters have been received by both of them, you shouldn't have any more problems.

If you do have further problems, it's then time to get an attorney involved - - to perhaps write stronger and emphatic letters to both collection agency and bank.

Good luck to you.

IAAL