Wells Fargo recently announced it would no longer offer personal lines of credit. Instead, customers with account balances will be required to begin a payoff schedule. For these customers, in addition to the inconvenience of paying off and closing their line-of-credit, their FICO credit score could also be negatively impacted. Stewart joined Money Tuesday to talk credit, scores, and something the credit bureaus call credit utilization.
Please Note: No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results or satisfaction if The Welch Group is engaged, or continues to be engaged, to provide investment advisory services.
Posted On: July 20, 2021
Categories:
Personal Finance
The Welch Group on TV
Sign up for our newsletter to get our latest news and money-saving tips in your inbox.