A woman, age 82 yrs, no assets (house, car, land…) poor health, has NEVER left the house in the past 20 years unless her oldest son takes her. Son has had ‘POA’ (Power Of Attorney) for the past 2 years and is sole heir to whatever estate she had.
This lady died 29th of Jan, 2010.
My Question is, Can a loan be issued or made to a person who has no assets or chattels while in her early 80′s, has NEVER used a computer in her life (except for a calculator), or has never signed a contract ?
One other thing, They did have her SIN (social insurance number) on the contract.
This was a loan for over $24,000.00, payment due Jan. 31st. 2010 which was missed including Feb. pmt. Mar. pmt. Apr. pmt. and May pmt. A collection agency sent a letter a couple of days ago (June 23rd, 2010) demanding payment of the full loan. No bills were received prior to this notice from the collection agency or the finance company.
This is a Canadian Business & Finance question, (sorry, I forgot to mention that)
And no, the son never applied for the loan. He is just as puzzled about it as I am.
We are trying to figure out how a loan was taken out by the 82 year old lady without the son knowing about it. There is no trace of where the money went or even if it was ever received by her. Her son does all the banking, picks up the mail, shops for her needs, transports her to & from the Doctor’s office twice a year. She uses an unlisted cellphone with pre-programed phone numbers to contact her son, 911 & close family members including myself.
WE ARE NOT LOOKING FOR A LOAN OR BORROW MONEY, JUST TRYING TO FIGURE OUT HOW A PERSON OF 82 YRS OF AGE WHO HAS HAD ‘NO’ CONTACT WITH THE PUBLIC FOR 15+ YEARS, OWE OVER $24,000.00 DOLLARS !
Oh, I forgot to mention that she died on Jan 29th, 2010.
EDIT: Since the son is not involved in this loan, then yes, I suspect some sort of fraud is being committed — perhaps by the loan company. The son should contact them for specific details of when the loan was taken out and by whom.
EDIT: Since the son is not involved in this loan, then yes, I suspect some sort of fraud is being committed — perhaps by the loan company. The son should contact them for specific details of when the loan was taken out and by whom.
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Her son, or his attorney, should send a letter back asking for proof of the debt, and telling the lender to make a claim on the estate of the deceased. I hope it wasn’t the son who got the loan in her name thinking he wouldn’t get caught.
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