Legal Question in Credit and Debt Law in California

Car Loan

hi!

I already paid off my car loan on this FCU bank but until now their holding the title because they said that they will not going to release the title until I pay my deliquent credit card accounts. My question is do they have the right to hold the title of my car even if a car loan and credit card accounts has a different entity?

Thanks!


Asked on 11/07/05, 8:05 pm

2 Answers from Attorneys
H.M. Torrey The Law Offices of H.M. Torrey

Re: Car Loan

NO. from the facts given, if these are separate entities altogether, and there is nothing in your agreement stating such contingent withholding of your vehicle, this would be illegal, wrongful withholding in which you have actionable legal rights. If you would like further assistance/direction in this matter, contact us directly today.

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Answered on 11/07/05, 8:26 pm
Carl Starrett Law Offices of Carl H. Starrett II

Re: Car Loan

When you obtain a car loan from a credit union, it is a common practice for them to try to get you to sign an agreement that allows them to use the car as collateral for other loans with the credit union such as credit cards. However, the car lender has no business withholding the title from you just you might be deliquent on a totally unrelated credit cards.

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Answered on 11/07/05, 8:37 pm


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