Wells Fargo customers will have to find another bank for personal lines of credit, as the financial services company ends all of theirs and warns of impacted credit scores. The bank has sent letters to customers notifying them that all existing personal lines of credit will soon cease to exist, according to the six-page letters CNBC reviewed. “Wells Fargo recently reviewed its product offerings and decided to discontinue offering Personal and Portfolio line of credit accounts and close all existing accounts,” read the letter, according to t ...
Wells Fargo Business Lines of Credit provide access to funding to manage cash-flow, expenses or business expansion. Unsecured and secured options available.
Wells Fargo CEO Charles Scharf has been forced to make hard decisions during the pandemic, offloading assets and deposits and stepping back from some products.
If you’re looking for a new Wells Fargo credit card, we’ve got you covered with our Wells Fargo credit card guide for beginners.
Still, the move will impact Wells Fargo customers who had been hoping to take out a line of credit based on the equity they had in their residences. That money could be used for a rainy day...
If you're interested in a credit line increase from Wells Fargo, you can call their customer service line to request an increase.
Wells Fargo offers several secured and unsecured business lines of credit for small businesses. It’s also a leading originator of SBA loans, which offer favorable rates and terms. Learn more in thi...
Wells Fargo is reversing an unpopular decision to shutter personal lines of credit for its customers. Last month, CNBC reported that the bank had informed customers that the revolving...
An unsecured Business Line of Credit from Wells Fargo can supplement cash flow for expansion, buying equipment and other business expenses.
There are other alternatives for Wells Fargo clients whose personal lines of credit were closed.