Wells Fargo Unexpectedly Shuts All Existing Personal Lines Of Credit

Wells Fargo just announced that it's shutting down all of its existing personal lines of credit - a popular product offered by the retail-focused Wall Street giant - a move that will likely infuriate legions of customers.

The revolving credit lines, which will be shut down in the coming weeks, typically allow users borrow $3K to $100K, were pitched as a way to consolidate higher-interest credit-card debt, pay for home renovations or avoid overdraft fees on checking accounts attached to the loan.

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