A bank kept my car title after the loan was paid because my checking account had been closed due to overdrawn funds. Can they do this?
Reply from DebtCollectionAnswers.com:
If there was a cross collateralization clause that gave the bank a security interest other funds you had on deposit, then it may be possible that this could be legal. However, we're not attorneys and can't say for sure. We'd recommend you talk with a consumer law attorney.
Return to Debt Collection Questions.
Disclosure: We may receive compensation for marketing some of the services mentioned on this site. Above all though, our goal is to recommend products and services we believe can help our readers. You can learn more here.