The proof of income for the wife is her personal data. The CU is looking to obtain her data from her husband. Please tell me the legal basis, under GDPR, for the collection of her data by the credit union? She can, of course, consent to the use of her data for this purpose, but there's no basis for collecting proof of spousal income by default for all loans. The Central Bank has even advised credit unions against doing this.You’re just making stuff up!
Data protection, which you mentioned earlier, is of no relevance here.
A lender, when lending to a married person, can ask about household income. A credit union can even ask the other spouse to guarantee the loan.
How exactly do you get that from this?The poster is trying to obtain a loan under false pretences.
You were much more circumspect earlier:I applied for a personal loan with my local credit union
And yet you accuse others of making stuff up...However, the overarching concern is that the OP is, on the one hand, ‘flabbergasted’ by the Credit Union’s behaviour, yet on the other hand appears to be attempting to borrow money under false pretences. Unless he’s disclosed the full background to the lender?
The irony of someone trying to take out a loan in an underhand manner and having the temerity to moan about the lender’s queries which will expose the attempt to hoodwink them…
No, it's not. It was a one-line question with no option to comment, only a simple Are you: single; married; divorced; separated? And then they moved on to the next question. The only accurate box to tick was 'married'. Most people will be familar with the sort of application question. You've invented a paranoid fantasy scenario for whatever reasons of your own.The poster is trying to obtain a loan under false pretences. The breakdown of the marriage is hugely material in the context of assessing the loan application and ticking ‘married’ and saying nothing in this case is analagous to ticking ‘employed’ in circumstances where someone has been given the chop and is working a notice period.
Thankfully for the good of the other credit union members, this ruse has been caught by the lender’s processes and procedures.
Hmmm, this isn't right either, the requirement is that you have to be living apart, not "separated" (and it's for 2 of the previous 3 years). Separation is its own distinct legal arrangement (I'm guessing most people don't bother with it any more and jump straight to divorce). The OP can be best described as "married" but living apart. He is not separated in the legal sense of the word.To obtain a divorce, you must be separated for two of the last four years.
As either you or your former spouse has started proceedings, it would be reasonable to believe you have or soon will meet that condition.
So the correct answer to the question on your current marital status is 'separated'.
To obtain a divorce, you must be separated for two of the last four years.
As either you or your former spouse has started proceedings, it would be reasonable to believe you have or soon will meet that condition.
So the correct answer to the question on your current marital status is 'separated'.
Couples can share the same address & be living separate lives and meet the 2 year requirement.Hmmm, this isn't right either, the requirement is that you have to be living apart, not "separated" (and it's for 2 of the previous 3 years). Separation is its own distinct legal arrangement (I'm guessing most people don't bother with it any more and jump straight to divorce). The OP can be best described as "married" but living apart. He is not separated in the legal sense of the word.
And therein is the difference: you were always covering the entirety of the joint mortgage payment. I am not, nor have I ever been, so that €1500 or so which my ex pays for her share of the mortgage has never been something I have had to pay, just as she has not had to pay my €1500 or so share of the same mortgage.The CU are probably requesting proof of spousal income because you indicated that you are married on the application.
You are clearly separated from your spouse while awaiting legal process so that would have been a more accurate answer.
While I was awaiting separation/divorce proccedings i had no issue obtaining a loan from CU, even with joint mortgage (i was covering those payments)
They're correct. You're both currently jointly and severally liable for the entire mortgage.I am liable for the entire mortgage under their credit check, even though it is jointly held and I have a history of my paying precisely half of it from the start of the mortgage. This reality, it seems, is irrelevant
That's precisely it: I will need funds. I had expected to get any outstanding funds from a loan as in reality I have the disposable income but in theory it seems from the CU I do not have the funds by virtue of their attributing payment of the entire joint mortgage to me. They essentially reduced my monthly disposable income by €1500 by assessing me like that, and that's a shock to the way I had envisaged funding it.I suspect that having a CU assess you on your own merits is not the only solution here.
And therein is the difference: you were always covering the entirety of the joint mortgage payment. I am not, nor have I ever been, so that €1500 or so which my ex pays for her share of the mortgage has never been something I have had to pay, just as she has not had to pay my €1500 or so share of the same mortgage.
What the assessor for the CU did yesterday was essentially reduce my net monthly disposable income by that €1500 or so which my ex pays for her share - even though in reality that money is in my account so I can easily cover the payments of the loan for which I applied. In this sense, your marital status didn't matter as you had always paid the full mortgage out of your own money. If I were to change my marital status to 'separated' - and legally I am still married - they would still see the same joint liability for the entire joint mortgage on the credit check under my name. And that's the key issue.
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