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Bank Holding Title
My friends filed for bankruptcy, they signed a re-affirmation thing that stated they would continue to pay their car loans. They have two loans, a car and a truck. They are two seperate loans. The car has been paid in full, yet the bank claims that they will not turn over the title on the car until the truck is paid in full. This seems completely illegal and it is like they are holding the title over their heads in order to try and get the truck paid in full. Anyone know what can be done? This is just a small credit union and not a huge chain or anything. Also, in the state of GA. Any help would be appreciated. Thanks
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Re: Bank Holding Title
They need to read their loan contracts. They may have contractually agreed to giving the bank a security interest in both vehicles until both loans are paid off.