he purchases a new car, does this affect me or mortgage in any way if he used his credit and his name? reason I am asking is because I went to refi my car and for some reason the loan officer noticed a new car purchased and was wondering if this had an affect becuase I was unable to refi – thanks for your time
Currently have home mortgage as an investment property with a friend?
25
Mar
Brenda M
March 25, 2010 at 10:02 pm
General answer is “no” . . . as each person has their own unique credit bureaux . . . however I would do a check on your own personal credit bureaux and make sure there is nothing there that is not appropriate to your personal situation.
ontopofoldsmokie
March 25, 2010 at 10:59 pm
Probably not. You need to run your credit report. You can do it for free at:
http://www.annualcreditrepot.com
It could be a number of things. Many credit records are littered with mistakes. You could have an old something on there. You could be the victum of identity theft-this is how many people find out. Your friend could be using some of your data to purchase that car. A car purchased under someone else’s name should not effect you. If that were the case then every time a partner in a firm bought something on credit for themselves it would effect everyone in the business.