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Southern California Law Advocates, P.C.
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Office Locations:

Riverside Office

11801 Pierce St.
Suite 200
Riverside, CA 92505
(951) 241-8070
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Temecula Office

41690 Enterprise Circle N.
Ste. 202
Temecula, CA 92590
(951) 294-5471
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Orange Office

2112 E. Fourth St.
Ste. 103
Santa Ana, CA 92705
(866) 337-7220
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Long Beach Office

3711 Long Beach Blvd.
Ste. 710
Long Beach, CA 90807
(562) 506-0016
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Los Angeles Office

515 S. Flower St.
36th Floor
Los Angeles, CA 90071
(213) 330-8999
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Credit Unions and Cross-collaterization

Many credit unions are notorious for placing cross collateral clauses in their car loans. Signing an agreement with a cross collateral clause means that you are putting up the vehicle as collateral for both the car loan and any other loans or lines of credit you may obtain with the credit union. Many clients are unaware that their car loan contains small print indicating that the vehicle is not only security for the car loan but for any other line of credit or loan with the credit union. Cross-collateral clauses can become a serious problem in bankruptcy because many credit unions will require you to reaffirm both the car loan and any cross collateral loans in order to keep the vehicle.

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