[ad_1]
#室友，If you are FuGuo bank Customers, you may want to prepare for the recent news about one of the leading banks in the country. Wells Fargo officially announced that it will permanently close all personal credit lines-this decision will affect customers’ various financial issues, such as possible reduction of credit scores.
@CNBC reported that in the next few weeks, Wells Fargo’s customers Will no longer You can choose to cancel your personal credit limit because the company has decided to close the service. Revolving personal credit lines usually give customers the option to borrow between US$3,000 and US$100,000 for personal purposes, such as home repairs, which is an alternative to consolidating high-interest credit card debt and avoiding overdraft fees associated with existing checking accounts.
In addition to no longer providing personal credit lines, Wells Fargo will continue to close all existing credit lines. According to reports, the company also warned in a letter to customers that due to the termination of personal credit lines, their credit scores may be negatively affected, and linked accounts may no longer provide overdraft protection.
The company subsequently issued a statement in response to the news:
“In order to simplify our product supply, we have decided not to provide personal credit lines because we believe that we can better meet the borrowing needs of our customers through credit cards and personal loan products. We realize that changes may cause inconvenience, especially in When customer credit may be affected [and we are] Committed to helping every customer find a credit solution that suits their needs. “
The decision is said to allow the company to narrow its focus to credit cards and personal loans; however, as the news began to spread on social media, many customers stated that they had decided to formally terminate their banking relationship with the company.
Want to update directly in your text inbox?Contact us at 917-722-8057 or Click here to join!
[ad_2]
Source link
