Question by Carrielynn: My mother is refinancing our mortgage. The house and everything is in her name, but they checked MY CREDIT?!?
So my mother is refinancing our home. The deed, bank accounts, everything is in her name. I have nothing to do with anything financial other than living in the house. She has immaculate credit, but my credit isn’t very good. I’ve had a balance of $ 1,500 on my credit card for the past 3 years that I have been paying off very slowly. But I make payments every month and more than the minimum.
Anyway, today the bank called and told her they looked into MY CREDIT and would be giving her a higher rate, simply because I live in the house and I have bad credit. My problem with this is, if I have NOTHING to do anything, my name isn’t on anything, why on earth are they giving her a problem for my credit? Did they even have the right to check my credit?
Can they do this? It just doesn’t make sense to me.
My mother has not listed me for anything. The only thing I’m aware of is that they asked how many people live in the house, and my mother listed herself and her 23 year old daughter (me). But I don’t like that they went and checked my credit score. I have nothing to do with this except living in the house!
And this is with Chase bank if it makes any difference.
Answer by UNCOLA
Is your mother listing you as a source of income? Rent maybe?
It does sound strange, where did they get your information?
What do you think? Answer below!
They would need your social security number to run a credit check on you. Sounds like your Mom put your name and number on something.
If you say your credit isn’t very good, then one inquiry won’t make much difference, but you should ask the person at the bank why they did a check on you. Get the name of the person who spoke to your mom and call them.