credit fraud/identity theft?
My brother bought a truck from a friends parents dealership. That same day the friend asked if my brother would co-sign for a car for him as well and my brother said it wouldn’t be a problem. They ended up both leaving with new cars. My brother never signed a piece of paper for that second car. (Recently my brother found out that he is not the co-signer but in fact the sole account holder.)Not too long after that the friend used my brothers SSN to get a credit card that tied to the car loan bringing the grand total up to $20,000.00. The friend has been late on the payment 13 times and my brother just found out about the credit card recently. My brother wants to get out of the loan and is considering pressing fraud charges. He has never signed a piece of paper or received a phone call from the company the loan is through. Does anyone know what will happen to my brother. Is he just going to have to chalk this up to a learning experience or is the friend going to be at fault?
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