What do I do if my student loan has been frauded from my bank account?

Question

I don't know what to do now, if I don't pay my loan back I am not sure what is going to happen, so what happened is I told my brother to buy just one thing at the grocery store, what he did is spend all the student loan on me and he is saying that a gang was forcing him to spend all that money on me, now I don't know what to do, I don't know what to say, I don't know how to solve this? What I did though is I changed my bank card number and my pin, Now what I am worried about is I am probably going to be sent to court or jail for this and I don't want that to happen, How am I suppose to resolve this, this is going to worry me so much??? I'll lose a place to stay, i'll have no food, nothing, I'll end up on the streets. I just don't have any other choice??

sunshine_mel · Answer

If this happened, he needs to report it to the police.

BUT - you gave him the card, so you can't claim it back as fraud.

ibu guru · Answer

Tell your brother to repay every penny immediately or you must file criminal charges of theft & fraud against him. He pays up or goes to jail. IF he was really coerced, or blackmailed, or whatever, he will have to file criminal charges against those perpetrators. So he cannot make any excuses whatsoever for taking your money.

NEVER give your credit card, debit card, account info, PINs, etc, to ANYONE. If he needed groceries, you buy them, you pay for them, and hand over the groceries, not your bank account.

Karen L · Answer

There is no such word as 'frauded'. You know how they say, in the fine print and elsewhere, when you get a bank card, not to give your PIN to anyone? You don't know? You should. It gets said often enough. This kind of things is why they say that. You willingly gave your brother your card and the PIN so he could take money from your account. The only question here is whether or not he took more than you thought he was going to take. That's 'he said, she said', unless one of you has a recording of the conversation or an email or text saying what he could use the card for. You could take him to court, but without any proof of anything I doubt if there's any point. If your brother was forced by a gang to spend all that money, why didn't he call the police at the time or soon after?

Anonymous · Answer

It wasn't "frauded" you willingly  gave him access to your  bank card.😉

Anonymous · Answer

It wasn't fraud. It was theft by your brother who you voluntarily gave a debit card.
You didn't have a limit on the card, and I don't use a debit card for anything but an ATM card.

Anonymous · Answer

Is that even a word?

Anonymous · Answer

You need to make a police report. Then, you need to visit the financial aid office at your college and tell them what has happened.  They may want to see the police report.

Those are just the first steps. Sorry, but if your brother stole your loan money, he is  a thief and must be arrested.

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What do I do if my student loan has been frauded from my bank account?

7 Answers