Saturday, July 25, 2009
Banking News
What is really going on with the banks. Why are they decreasing small business and consumer line of credit when the small business or consumer has always paid on time and makes a larger payment than is required? For example you have a current credit line of $2,500 and make a payment of $1,000 only to realize that the bank immediately decreases your line of credit to $1,500. There is no reasonable explanation for this kind of action.
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