Legal Question in Credit and Debt Law in Texas

Repossess vehicle due to credit card debt

Can a bank repossess a refinanced vehicle because a credit card payment has not been made with a credit card from the same bank that the truck was refinanced at. The refinanced vehicle was co-signed by a family member, that banks at the same bank.


Asked on 1/01/07, 8:37 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Repossess vehicle due to credit card debt

The bank can't do that, unless their contract for the credit card gives them a secured interest in the vehicle.

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Answered on 1/02/07, 11:52 am


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