The Credit Union Won’t Come and Get My Car. What Should I Do?

Question: Dear Steve, August 2006 my step-father bought outright with cash a car for my mother. He passed away September 2006. In March 2009 my mother took the title to the credit union for a $10,000 loan. 2 different times the car was repo’d. Both times her granddaughter paid $2,500 to get the loan caught … Read more

Can My Credit Union Refuse to Give Me My Car Title?

Question: Dear Steve, My credit union is holding my car title hostage for an unpaid charged off visa. Ok, the vehicle was paid off 6 years ago, the car is no longer registered because it needs a new transmission, I refuse to dump anymore money into a 12 year old car, I can’t junk it … Read more

The Credit Union Won’t Lower My Son’s Student Loan Interest Rate

“Dear Steve, Too much student debt and banks wont help. My son has a few student loans. One of them is from a credit union with an interest rate of 9.5% The payments are $658 for the next 25 years!! We have asked them to lower the rate, so he can make the payments, but … Read more

My Credit Union Won’t Give Me My Car Title Because I Have a Credit Card Balance

“Dear Steve, Worked for this credit union who in the past had federal investigators in when there were bogus loans. Worked there for 15 yrs. I paid my car loan off with my credit union but they won’t give me the title. I owe on a visa account there and they are pulling the cross … Read more

Grow Financial Credit Union Says They Are Holding My Car Title as Cross-Collateral. – Garrett

“Dear Steve, I paid off my car with grow financial credit union in clearwater, Fl about three months ago. I have not rec’d a title and figure they are holding it as a cross collateralization clause somewhere in my paperwork. I defaulted on their cc due to the times. Can they reposses my paid up … Read more

I Could Not Afford My Credit Union Car Payment and Gave My Car Back

“Dear Steve, I took out a car loan with my credit union and i had a hardship and they were able to lower my loan. However it was not lowered enough to satify my ability to afford the monthly payments. Therefore I contact the credit union for further help and they were unable to further … Read more

Traded in Car But Credit Union Won’t Give Me My Title Due to Old Credit Card Debt. – Don

“Dear Steve, Credit Union who won’t release title of a car because of a credit card that charged off. Thank you for taking questions. My situation is a complicated one. I traded my car in and the dealership called the CU to get the payoff. They gave them the payoff in which they received the … Read more

Can My Credit Union Repossess My Car If I’m Late On Another Loan? – Colette

“Dear Steve, I have a personal loan ( which is 3 months past due) and an auto loan , which is current, with the same credit union. Thay are now saying that the personal (signature) loan is cross-collateralized, and the want to repossess the car. I don’t remember agreeing to cross-collateralization – the loan was … Read more

Credit Unions and Debt Settlement. Will My Credit Union Work With Me? – Tim

“Dear Damon, I had a car repossessed and the balance after auction is $13,100 Its with A credit Union in IL, I also have a 10,000 credit card with same credit union.. I want to use debt settlement, but heard credit unions are impossible to deal with.. I am recently divorced and was layed off … Read more

Car Title Being Held by Credit Union Even Though It is Paid Off. – Nicole

“Dear Steve, I am having an issue with a current creditor. I recently paid off my vehicle through my credit union. It has been a month and i called them asking about my title to the car. I have not received it yet. I was told they are holding it as I am one month … Read more

We Made Some Mistakes, Drained Our Savings, and Sinking Fast. – Mel

“Dear Steve, Hi Steve, we are sinking. We have about $54,000 in credit card and personal loan debt as follows: Capital One $14K Discover $14K Bank of America $11K (I call these the Big 3) Credit Union Visa $10K Credit Union Line of Credit $4K Monthly minimums total $1700. The credit union accounts are cross-collateralized … Read more

Payday Loan Alternatives That Are More Expensive. You’ll be Surprised.

The National Consumer Law Center has just issued their latest report on payday loans titled Stopping the Payday loan Trap: Alternatives that work, ones that don’t. The report is interesting in that it gives a number of examples of payday loan alternatives that offer small dollar amount loans and lists the corresponding APR. For example: … Read more