Worried

[worried1]

I made a stupid mistake two years ago and joined a credit union by saying I was a relative of a member in order to be eligible when actually we are just freinds. They really never verified this and accepted me as a member. Could this come back to haunt me if a file bankrupcy I have a second mort of 55K and credit card for 20K with them. Will the Trustee or credit union look deep into this or im a just paranoid?? I have been current on both accounts thus far..

[keepmine]

Not an issue.
The lending decision is made on the basis of your credit score and the information you provided about your financials whenyou applied for the loan and credit card. Your relationship with a member wasn't a factor in those decisions.

[AngelinaCatHub]

To 'today's' Credit Union, you are called a customer. Not many CUs need to know your affiliation. I joined a Credit Union many years ago, (before you were born) and it was a company CU. It since is not called a "Universal" CU and takes anyone. The Trustee could care less about that and there is no law that excludes you. 'Hub

[worried1]

Thank you for your posts. I guess I was more worried about the credit union creditor showing up at the 341 and asking me membership application question. I know im paranoid.

[worried1]

Will the creditors ask any questions regarding my application status at the 341. I intent on filing a chapter 7. I owe this credit union 75,000 in unsecure loans that I borrowed two years ago. Really nervous...

[keepmine]

Sorry, but none of us can speak for your creditor. They can ask anything they please-if they show up.
Your problem won't be the membership application. It'll be if you made any false statements on the loan applications.

[worried1]

Hi,

No, everything on the loan applications are the truth. My only blimish is how how I joined the credit union.

[backtoschool]

Hi,

No, everything on the loan applications are the truth. My only blimish is how how I joined the credit union.

I don't this an as issue. Even if it ever came up (which I don't believe it will) you can simply say that you misunderstood the membership criteria. The bottom line is that you had to be honestly credit worthy for the loans in order to get them. And you were.