My wife forged my signature on a 9,000 dollar auto loan under the guidance of the credit union loan officer without my knowledge in 09. Then in 2010, her and her mother went to same loan officer and same institution and obtained a 14,000 dollar personal loan. My wife's car was repossessed last week for lack of payment on personal loan. I contacted the collections department of the institution to make them aware of the forgery. I was told there was a cross collateralization clause in both loans (which I searched auto loan and found no such clause) that allowed them to reposses the car. The lady said she would talk with her manager about my situation and get back with me. I haven't heard back from her and it's been 2 days now. The car is scheduled to be auctioned on Oct. 29th. I'm not interested in getting anyone fired, nor getting money from a lawsuit, but the amount of stress this has caused me is unexplainable.

So what did you think when your wife came home with a car?

Forgery is criminal. If your wife forged your signature and the loan officer was aware, its also fraud and identity theft. These are serious charges.

If you pursue this, there will, likely be criminal charges.

So when you saw the car you did not ask ? You never in all those years saw the paper work or letters in your name ?

You did not get collection letters in your name before this ?

When they contact you, you did not want to dispute the debt in your name ?

You can sue to get the debt cleared up out of your name and to clear up your credit.

You could perhaps file criminal charges.

Are you still married? If you are, you are going to have a very hard time convincing anyone that the first time you heard about this was when the car was repossessed. If you are living together, then the car is at your home. The bills come to your address. The loan documents are in your home. The collection calls will come to your house, for you. I'm not accusing you of anything, I'm just telling you how it looks.

If you are unwilling to pursue criminal charges against your wife, it is going to look a whole lot like you were a party to this. You said that you contacted the bank about the forgery once the loan went to collections... how long did you know about the forgery and have the loan documents?

Thank you all for all of the answers, and yes I'm still married, but at this point it is for the sake of my 2 children. If I'm guilty of anything it's being an idiot. When my wife brought the car home I asked her how she obtained it without a coborrower and she assured me that the loan officer said her credit allowed it. While I did get a couple of calls to my workplace about the car being late, my wife stated that it was because I was on the bank account. I never seen the loan application till the day I asked the question on here. I know that it's hard to believe, but I trusted what my wife was telling me and never checked on it myself. I have no reason to hide a thing except stupidity and a hard lesson learned. I am a state law enforcement officer, and prosecute criminals at least twice a month. Up to this point, this incident has been turned over to the fraud division of the institution. It should be cleared off my credit report when they discover that it wasn't my signature on the document. My wife is ready to accept the consequences of her actions.