WellsFargo

Wells Fargo closing personal lines of credit

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…
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Wells Fargo is shutting down all lines of personal credit

Wells Fargo is shutting down all lines of personal credit

Ry Crist | CNET.Com Troy Warren for CNT The bank warns customers that the account closures "may have an impact" on their credit scores. Wells Fargo told customers that it plans to shutter all lines of personal credit in the coming weeks, CNBC reported on Thursday. The bank reportedly sent a letter to customers saying it'll no longer offer the lines of credit, which range from $3,000 to $100,000 and serve to help fund things like home repairs and renovations or to consolidate credit card debt. The bank's letter to customers warned that account closures "may have an impact on your credit score," according to CNBC. Current…
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