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Originally Posted by Kimmykim
That doesn't sound right. A loan is independent of bank accounts, unless you have pledged the account itself as collateral. The value of the car is what secures the car note. Unless you are delinquent on payments they can't take the car from you.
Something doesn't sound right in there.
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the contract that was signed states that if the co signer is not able to take care of a payment if we miss it the loan is lifted
we put up a travel trailor and a vechicle as colateral so we could get the loan
if they are unable to collect the money they will take colateral from us