Credit union line of credit taking from savings account

[MomIcantFindmy]

My car loan is with a credit union and I have a loan and credit card with them. This is why I have not filed yet. I am afraid I will lose my car and my credit is SOOO bad that I will not be able to get another call.

I am waiting for a miracle

Not to jack the thread but.....

you can survive without new cars....we bought two cars off craigs list for $2K each (took us 5 months of no car payments to save that much)...and my husband uses the cars to commute everyday. It can be done and it feels great not to owe!! Plus the cars IIB have not been picked up yet.

[inpain66]

My car loan is with a credit union and I have a loan and credit card with them. This is why I have not filed yet. I am afraid I will lose my car and my credit is SOOO bad that I will not be able to get another call.

I am waiting for a miracle

[MomIcantFindmy]

Actually you can call and have the money put back into your account as the CU violated the automatic stay by taking the funds (or further placing you into the negative). They probably did not receive word you filed when they did that. You may have to speak to the branch manager or something to fix this. I guess since there is no money in there you must decide if it is worth your time....if you are a no asset 7 I would think it is not worth it.

[magyar123]

This type of theft by credit unions is called cross collaterization. As long as you have an account with them they can rob you blind.

[Doghouse]

Whoa!!! This surprises me. I also have a CU with a 40K HELOC, equity loand and 1st mortgage that I stopped paying on. Right now I left $25 in both checking and savings and they have started taking out $4 from checking for service fee since I no longer do a direct deposit.

They took out the amount to satisfy your line of credit? Now I am thinking it may be best to go and close my accounts at the CU if they will make a withdrawal to puts my acct into the negative. Gulp, I had been a member for 25 years.

[mindyandy420]

I have closed my checking account with my credit union this is where I have a line of credit. Well I forgot that I have a saving account there (0 balance) and they took the money from that account. So now it shows -172. WHAT? The line of credit is in my BK but does this mean I owe the money they took in my savings -172? This happened 2 days after I filed BK?