Q: can a loan from a credit union be forgiven for a nonrunning vehicle under a vehicle reclamation
vehicle #1 purchased from a credit union breaks down with no warranty cost of repair is high a car dealership gets you a loan from another credit union and says the first loan can be forgiven under a vehicle reclamation.
A:
No, not unless credit union #1 agrees to forgive the first loan, but that would be very unusual. Most credit unions won't forgive debt unless they're paid.
For further information, consult with a qualified bankruptcy attorney in your area.
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