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.
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Posted On: July 20, 2021
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