Personal details disclosed!!

gayle4037

I just had to share this piece of info and see if anyone else has had a similar issue and if they did anything about it...
Bad practice to have a loan that your husband isn't aware of I know, but that is where I am at. Loan was taken out before we married and he is aware of the monthly payment, but not outstanding figure. He had been pestered for about 2 months by a finance company (and has been quite happy volunteering our financial details!) he wanted to see what they could offer and they did a credit check with his authorisation. The rep then advised him of a the outstanding balance of a loan that I have (not a joint, but in my name only), they also disclosed overdraft limits on my personal accounts!!!
I have spoken to them and they have told me that they read a statement to each customer which basically asks them if they are happy to discuss the other persons details - my Husband said yes.
I still don't think this gives them the right to disclose information - discuss information that he has given them fine, but to actually volunteer new information??? Can I do anything about it? It has obviously caused world war 3 - no lectures I know I should have told him!

mancitychick

I am presuming this information must of been on your husband's credit file as surely they couldn't of done a credit check on you without your go ahead.

Therefore you husband would of seen this information himself had he sent of for his file from experian, equifax etc..

If you have any joint accounts with your husband it will of created a financial link between you and your husband, this may be how your info is on his credit file.

regularsaver1

Imagine its difficult for the bank

When I dealt with mortgages and couple wanted to borrow more funds, if only one person came in for the appointment it was real difficult, but it was done in a way where i'd key the debts but not disclose

Experian_company_representative

Although lenders can see information (when they carry out a credit check) about your financial associates, when you check your own report you only see your own financial details plus the names of your financial associates. As a result, a copy of your husband's credit report would not include details of loans you have taken out in your sole name.

I don't think the lender should have revealed the contents of your credit report to your husband. Instead, they should have said that there was information on your credit report they were concerned about and suggested that your husband asks you to get your own report and, if you are happy, to go through it with him, and perhaps then with the lender.

The only way to have avoided this would be to have kept your finances completely separate from your husband. That way there would have be no link from his report to yours and the lender would not have been able to see your report at all.