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    jsd1978's Avatar
    jsd1978 Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 11, 2016, 04:44 PM
    Repo question
    Hello everyone,

    Can a credit union repossess my vehicle if they don't have no lien on it? They used to own it in the past with a lien, but I refinanced it with a different bank that has the lien on it. The auto loan is current and up to date on the payments.

    I have a personal loan and credit card account that is in default with the credit union bank that wants to repossess it do they have the legal right to do this ?
    ma0641's Avatar
    ma0641 Posts: 15,680, Reputation: 1012
    Uber Member
     
    #2

    Feb 11, 2016, 06:31 PM
    You owe them money, apparently in arrears. They will go after your assets, one of which is the car.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,268, Reputation: 7689
    Expert
     
    #3

    Feb 11, 2016, 08:35 PM
    Be sure, that if and when you took the other loans, all collateral was not merged. This is a common practice with credit unions, so that no one part of collarteral is free, till all the loans are paid.

    You will need to check the paper work.

    2nd of course, this may just be a collection scam, to try and make you find the money and pay them.

    And of course they may be planning on a law suit and request to attach the vehicle for payment.

    So the answer is yes, it is possible, depending on the fine print of your loan agreements.
    ScottGem's Avatar
    ScottGem Posts: 64,970, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #4

    Feb 12, 2016, 12:32 PM
    Assuming the title does not list them as the lienholder, then they would have to go to court to get a judgment and get a writ of attachment. But if they do so, they certainly can.

    However, if you never got a new title and they are still listed as lienholder they can repo it.

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