[quote=harvey][quote=svelte]ie, they would still be on the hook to the bank for $11K and yet have nothing to drive.[/quote]
And if they don’t pay it … ?[/quote]
And as I stated earlier, exactly why you wouldn’t want to use your heloc to pay off other debt. You can survive having one car repo’ed if it really comes to that. Why throw good equity from your good home purchase on a bad debt?
I always said, pay yourself first, then your creditors.
Anyway, I think for the benefit of the OP, we really should put our heads together and give the OP constructive ideas on how to get out of this situation.