Wells Fargo closing personal lines of credit
By Rich Barak, The Atlanta Journal-Constitution Troy Warren for CNT Wells Fargo recently announced it will no longer offer personal lines of credit. Wells Fargo, a financial services company, said it has “decided to discontinue offering new Personal and Portfolio line of credit accounts and to close all existing accounts,” according to a CNBC report. Wells Fargo previously offered revolving credit lines, ranging from $3,000 to $100,000. In a letter to customers, Wells Fargo gave customers 60 days’ notice, according to reports. Customers no longer will have access to that line of credit once the 60-day period is over, but they will…
