Where does this leave people with house/ vehicle loans? Account frozen, pay off or renegotiate somewhere else, or foreclose? Usually the two biggest loans people will make. Could we come to a point where people react poorly? Granted, no one can get to the top 8-10 people at WF to express themselves.
The article is just talking about lines of credit. That's where someone just has the credit available to use (usually from a house or business), but doesn't take out the money until they need it.
Lines of credit never made a lot if sense to me. The rates are usually high and repayment periods short. Even credit cards usually have better terms.
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