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Wells Fargo Cutting Customers' Lines of Credit

Quicklink submitted by Margaret Bassett     Permalink

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I recently received an e-mail from a reader in the East Bay city of Newark. 'Wells Fargo bank is notifying customers this week that their equity lines of credit are being eliminated,' she wrote. This is not the first time I've heard from readers saying banks have cut off their credit for no apparent good reason, and sometimes without warning.

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