My DW applied for a individual secured loan and they took her EX, EQ and MY EQ. Collateral is joint but are they allowed to pull my CR?? Could this potentially be my allowance money (even if they are my major bank)?
If she applied in her name ONLY, the outfit had no right pulling your CR, unless the application made her complete information about you.
Since you used the words "joint collateral" I am willing to be that you were made a co-signor or a guarantor. If that is the case, then yes, they had a PP to pull.
Do you know if you live in a "community property" state? Or was this something like a Home Equity type of loan? There may be a basis for the inquiry.
