07/14/2021
Some Wells Fargo customers could see their credit scores drop after the bank confirmed to CNBC Thursday it is shuttering all existing personal lines of credit in the coming weeks.
The bank has sent letters to customers telling them that their existing accounts will be closed, and that the product will not be offered going forward. Customers were given a 60-day notice of the change and will be required to make regular minimum payments on any remaining balances, Wells Fargo told CNBC.
Some Wells Fargo customers could see their credit scores drop after the bank confirmed it is closing all existing personal lines of credit in the coming weeks.