Summary
When one spouse applies for a loan, can you check the credit of the non-applying spouse was the question debated on the members-only listserve CUES Net recently. Credits unions would be wise to review federal and local laws governing this issue as it can vary by locality. In many states, spouses have the right to apply for and obtain individual credit. Each community property state is a little different. In Wisconsin, spouses are fully obligated for all credit during the marriage, even if they do not sign for the debt. You may want to review your state martial property act and contact your league counsel to determine the best practices in your state.
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Marital Property
What to do when one spouse applies for credit, alone.
When one spouse applies for a loan, can you check the credit of the non-applying spouse? Should you? That was the ques...See the full content of this document
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