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The Lovable Credit Unions Have Some Hidden Devil

Credit Unions have a very loyal customer base. They are not-for-profit and owned by their members. As a result, they often offer lower interest rates. But there are some important differences between credit unions and banks regarding lending money. The Horrible Cross Collateralization Agreement Credit unions incorporate a “cross-collateralization agreement” in all loans except mortgages. …

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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 …

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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 …

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My Bank Says if I Don’t Get My Personal Loan Current They Will Repo My Car. – Angelo

“Dear Steve, I have both a personal loan and a car loan through my bank both loans are past due. if i payed the auto loan up to date can my car still get repoed for being past due on the personal loan (bank told me over the phone that both had to be up …

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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 …

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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 …

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Can The Credit Union Keep My Car Title Till My Visa Card is Paid? – Shelley

“Dear Steve, I had a car loan through a credit union in Florida where I live..it was paid off in March of 2010…I also had a Visa through them, that went into default and was charged off…They refuse to release the car title..they sent the visa out to a collection agency, and the credit union …

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