Father took out personal loan in my name and ruined my background report for employment

Location: Ohio

Hello, I need some help. I just learned that while I was in college my father had taken out $9,700 loan in my name that was later sold to a collection agency. I recently graduated during May and moved to a new city instantly because if you can guess I didn’t have the best childhood or relationship with my parents and didn’t want to go back home after graduation. I technically haven’t been back there since my sophomore year due to internships/staying on campus or with friends during breaks.

I found it out when I was applying to work at Fidelity and passed the interview and everything and it was during my background check that it came as a derogatory and I was confused. I learned what a credit report was and went to Transunion and Experian and saw the private loan was filed in September then and I also saw I had maxed my credit limit for credit cards even though I have never owned one. All the adresses were for my old home addresses before I left for college. I put two and two together and I called him and he admitted that it was true and he also opened stock trading accounts in my name because he kept getting margin called.

Long story short it went into an argument and he said I should not file it as identity theft and he would start paying for it despite the fact that he never paid a single cent since September and when it was bought by a collector. He said he did it because he was expecting to make money from some crypto bullshit so he would be able to pay it back and started guilt tripping me about taking him to court and how it would negatively affect the family.

My family is not well off and he makes ends meet through a rented car he door dashes in. Two of my family members that live with him aren’t really “legal permanent residents” and this is a not so positive immigration era. I don’t know what to do because I’m stuck and I need this job. My father told me to get a job not involved in banking. I majored in economics and it’s kinda tough to get a decent banking job if you fail a credit report.

I already told Experian that I wanted to dispute it and I was told I would need to file a report also through the FTC. He keeps on saying that “we’ll” pay this off, that “we” made this mistake, that this is “our” problem. Any advice is appreciated.