Car and bank

TEXAS I need info fast. I let my daughter's car go back to the bank(lemon!)and in doing so I also defaulted on a signature loan with the bank. My car has also been financed with the same bank and the payments are current. They came to get my car today and I was able to buy some time. Can they take my car for another outstanding loan amount or was this just a scare tactic? I am supposed sign additional papers tomorrow saying that I will continue to make the payments on the other loans tomorrow so I need to know also if I should sign these papers.

[bigun]

Sounds like you've not been in real close contact with your banker. Letting a car go back and defaulting on a personal loan is not good form.
Look at the loan papers. Did you pledge the car as collateral or, is it like a 6 month single pay note? If it's the later, did you ignore a court summons?
Either way, it's no scare tactic. They know you have property and they can sure come and get it and ruin your credit in the process. They gave you a second chance. It might be a good idea to take advantage of the opportunity.