they're holding my savings account as ransome

[JayJay]

I have my car loan w/ my bank and I just got a new job. My first direct deposit went in yesterday but they are saying they have my savings account blocked until I bring my car up to date in payments.

Is this even legal??

[soleprop]

have you already filed your bk?

[Cali]

I've never heard of it, but I've also never financed a car with the bank I use for my checking/savings.

If you have filed, then I know for sure it isn't legal.

[soleprop]

agreed.

[cool33097]

Read the small prints. Might be legal.

[JayJay]

cross collateralization clause... I assume you have not filed for BK protection? I also assume you are late in your car payments by more than 2 payments?

yeah, I am behind by about 180 days so that's why they decided to do this.

In terms of filing bk, I haven't done that yet as I'm trying (or was trying) to catch up on my car payments so I can show that I can pay them just fine and then file bk. I also have to get myself into an apartment since I am temporarily staying with friends.

[epiphany]

LMAO..wow thats some nice bank to let you get that late, they must have a ton of home loans...lol

Why are you LYAO? What is funny about the situation?

Sorry, OP, I have no words of wisdom for you and hope someone more knowlegeable will chime in.

ep

[JayJay]

well problem not resolved yet but I called my temp agency to cancel the direct deposit to that bank and she says I did it in time. I have a backup checking acct that I will use now.