Can the Credit Union do this

[mintz]

My car loans are with a CU. I just asked for a two month extension and received it from them.

My question is. One of my cars I am upside down on and the other I am $10,000 to the good. If I let them repo the car I am upside down on...can they add the monies to the car I am $10,000 to the good on. Car number one is around $11,000 upside down. Car number two is worth about $20,000 and I owe $10,000

[yeahdischarged]

Our credit union promised to take both our cars, even the one we current on. It had equity. Credit unions can be evil. It is called cross-collateralization. It makes no sense, but if they take both your cars and they well the one you have equity on, they will be more in the positive than if they just let you turn in the upside down one. Definitely get your lawyer involved. Keep one eye on them at all times! lol

[mintz]

perhaps I should try and get a loan with my local bank on that car??

[yeahdischarged]

Yes. I would get everything you can out of that credit union, to be safe.