Loan fraud: Author tells of discovering $200,000 in debt in her name

When Kristin Collier applied for a credit card at age 22, she said, she was surprised to learn that her application was denied. That's when she discovered that there was over $200,000 in debt under her name that she didn't know anything about — including several student loans and credit card balances .

Soon, she learned something else even more troubling: Her mother, who was grappling with a gambling addiction, had taken out nearly all of the loans without her consent. CNBC reviewed legal documents in which Collier's mother admitted to borrowing the money using her daughter's name.

In Collier's new book, "What Debt Demands: Family, Betrayal, and Precarity in a Broken System," she tells the story of her decadelong attempt to remove those fraudulent debts from her record, how the exper