I know... it's WF. But I started banking with them in 2000 before I knew about how evil they are, and when you build up a lot of credit, it's hard to just leave (especially living in a rural town where local banks are much more conservative).

ANYWAY...

Got a letter from WF yesterday saying that at the end of August they are closing all personal lines of credit, and transferring existing balances to loans. Thankfully my balance is zero. BUT, as a self-employed person it was nice to have that instrument as a backup.

I am sharing this because I wonder if it means something is coming and they don't want the exposure? Furthermore, there was no page with text in Spanish, but there were pages of Chinese text. Wtf?

Anyone else seeing the credit line closure? Why would a bank just close a product when it is easy interest?