Question Does USAA cross collateralize loans?

[Weaseljuice3]

I’m going to be stuck in a Chapter 13 for sure. I currently owe USAA close to $20k in credit card debt, but I also have a travel trailer financed with them. I have zero equity in it. I just made a payment which brought it down to the bluebook value. I do not desire to keep it, as I bought it for myself and my soon to be ex-husband and our daughter to live in when our former landlord was going to sell the house we were in. It’s been parked for 2 years unregistered and the state just garnished my wages for the back fees… my ex’s truck was at risk of cross collateralization with Navy Federal but they apparently chose not to exercise that function in his case. He mentioned to me that I might want to find out if USAA does cross collateralization or not. Since I don’t wish to keep the trailer, and my ex has the truck needed to pull it, he offered to help me get it read to sell IF I can sell it. Does anyone know if USAA cross collateralizes RV/travel trailer loans? The person who’s property the trailer is located at offered to buy it for the payoff amount now that I got the balance down below the KBB value, but my ex thinks I won’t be able to sell it due to cross collateralization.

If they do, will I be able to sell it through the bankruptcy? Or will I have to surrender it to USAA? I’ve read some posts online that says USAA sometimes won’t bother picking up a vehicle/RV/trailer if it’s not worth it to them. Would that mean I’d just be stuck with a trailer I can use or sell? If the trustee wants to sell it, will I be able to sell it to the guy whose land it’s parked on for the KBB value? Or will they want
to sell it on their own? My ex’s attorney said he doesn’t want to speak with me about my own case until we gets closer to being done with his case.

I would greatly appreciate any information offered. Thank you.

[justbroke]

USAA isn't a credit union so I'm unsure if they do, unless it's a secured product. In most cases, for bankruptcies a credit union would forego any cross-collateralization issues because they'd rather not "eat steal."

Let me know what you find out.

[Weaseljuice3]

Thank you.

My ex asked his attorney this morning and he told him that he didn’t believe USAA was a credit union so cross collateralization probably isn’t a thing for them. He said he’s dealt with it with plenty of credit unions but never with USAA and since his offices are located a few minutes from a Navy Base he’s had lots of service members as clients and never had that come up with any USAA account. Since the person whos property the trailer is parked on is a family member, my ex decided to call USAA and ask them and they told him that they are a “federal savings bank, not a credit union” and the guy he talked to has never heard of cross collateralization and he’s positive that USAA doesn’t have anything like that in their loan terms… the attorney also told him that it might be okay to sell the trailer, so long as it’s sold for market value and the payoff amount is close to market value but he’d want to speak with me first in depth before going further into it…

If I can just sell it and get fair market value/payoff and get it out of my life completely I will be beyond ecstatic! Just to not have a repossession on my record in addition to my bankruptcy…

USAA isn't a credit union so I'm unsure if they do, unless it's a secured product. In most cases, for bankruptcies a credit union would forego any cross-collateralization issues because they'd rather not "eat steal."

Let me know what you find out.