Question Two loans, now what?

[syn]

This issue just occured to me. My dad is putting a bank as a creditor because of a business loan. However he has a $150,000 home equity loan with the same bank.

What happens? He can't claim the equity loan but will the bank make his life miserable because they were put down as a creditor?

[HHM]

Depends on the bank.

They really can't make his life hell on another loan, but if he had a checking or savings account with that bank, it could be problematic.

[syn]

He has a savings account with them but he plans on closing it and opening with another bank.

[HHM]

Then he should be fine.

Probably the worse that can happen is the bank will stop sending statements on the HELOC so he would have to remember to make the payment.

[syn]

Okay, thanks.