Wells Fargo To End Personal Lines of Credit

In case you haven’t heard, Wells Fargo has announced within 60 days it will close out all personal lines of credit — a drastic measure for the bank, and reminiscent of a similar move US banks made in the early days of the 2008-2009 financial crisis, which also saw daily withdrawal limits imposed upon customers and other temporary restrictions on cash.

Wells Fargo banking login — screenshot retrieved 7/9/2021

Seems the sketchy times may be back for banks.

Worst of all, if Wells Fargo closes your personal line of credit in the days ahead, according to MSN it could negatively impact your credit score as well.

Ah, rigged game. At least all you mugs have heard about Bitcoin by now, right?

Sooner or later, time to move along from the rigged game and settle into something better.*

*Not financial advice.