Legal Question in Credit and Debt Law in California

i have a personel credit line and visa card from a credit union this last friday they closed both accounts after a credit audit .i have these 2 account for 16 years and they are unsecured can the credit union seize my checking account and savings account towards the payment of these 2 ob;igations.should i move my monies out of this institution


Asked on 2/21/10, 11:27 pm

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

More than likely, when you obtained the credit cards, you signed an agreement that your accounts would secure the cards. A lot of financial institutions are reevaluating their potential risks.

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Answered on 2/27/10, 2:28 am


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