I work with Arizona Federal Credit Union (AZFCU), which I have three seperate car loan and a line of credit. I have had one vehicle repossed, paid another off and owe $ 3200.00 on the final car loan. The credit line I owe $500.00. The final vehicle loan is current & the line of credit is current. AZFCU is refusing to lift the lien on the paid off vehicle. They indicate that since they are a credit union, they have the right to do this. Is that true? Do I have any recourse to secure a clear title on the paid off vehicle?
Answer
Is the vehicle titled in Arizona? If so, the validity of their lien would be determined by Arizona law, not Alaska law.
No comments:
Post a Comment