Legal Question in Credit and Debt Law in Illinois

I purchased a vehicled and financed it thru my credit union. I never missed a payment nor was late on a payment. Financed changed so I returned the vehicle to the bank and I went today to withdraw my money from my account but the bank took it and told me I was a repo and they would be taking my checks from my account. What can I do about this situation?

Confused


Asked on 8/24/10, 3:44 pm

1 Answer from Attorneys
Thomas Moens Moens Law Offices, Chartered

It would depend on what your written agreement with the credit union was. Some loan agreements do have a provision which would allow this. At the very least, you could certainly stop using this account until you get this sorted out with them.

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Answered on 8/30/10, 8:08 am


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