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Absolutely. Nearly all revolving credit agreements allow the lender to reduce or terminate the available credit if there is a material change in the borrowers circumstances or finances, a changedrop in credit score, job loss, missed payments, value loss in the collateral (home equity credit lines) or a change in the lenders lending parameters.

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Q: Can a bank cancel a line of credit?
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Related questions

How do you cancel your credit card?

call the company/ bank


Can you apple for a Home Equity Line of Credit at Tri Counties bank?

Yes you can apply for a Home Equity Line of Credit at a Tri County Bank. You can apply for a Home Equity Line of Credit at any bank of your choosing. Hopefully you have a bank near you.


What do you do when you lose your credit card?

Call the bank, and cancel that card before anything happens


How do you get business lines of credit?

You can get a business line of credit by going to the bank and applying for a line of credit. You can also get a line of credit by going to a finance company.


How do I get a business line of credit?

You can get a business line of credit from a bank. You can also check with the Small Business Administration.


What exactly is scotiabank line of credit?

Scotia Bank is large international bank, and a line of credit is an agreement with this bank that they will loan you money when you ask for it. The loan is based upon equity that you have such as your house.


What is DC Consumer 4 Simple Insurance?

For me, it's was a a disability/unemployment insurance product I added on to a line of credit through my bank. I didn't realize I did it and canceled it when I saw this charge on my account. I contacted the bank to cancel it. They sent me a form I had to mail in.


What are credit line payments?

Credit Line payments are payments that you make monthly on a line of credit that you have with your local bank. Many line of credits are based on the equity in your home, but they usually charge much lower rates than a traditional bank loan.


Casual corner stores closed what do you do with your credit card I want to use it if I can Does the credit card come from a bank so that I could still use it Or can I only used it at Casual Corn?

The Causal Corner credit card was originally contacted through a bank called "Monogram Credit Card Bank of Georgia". This company sold out to GE Money Bank which now holds your Casual Corner account. You must call them to cancel your card. Cancel you Casual Corner credit card by calling GE Money Bank at 1-800-414-4557.


If you default on an unsecured line of credit from a bank can they take money out of your joint bank account?

of course. i have a joint line of credit with my ex. Under the separation agreement, he took over the line of credit. He delays the minimum payment for one day. The bank threatens to withdraw the minimum payment plus penalty from MY PERSONAL BANK ACCOUNT.


What banks offer a home equity line of credit?

A home equity line of credit is found at nearly every bank and credit union. New England Bank, Peoples Bank, Bank of Niagara and just about all your local owned banks are good sources of this kind of loan.


Where can one get a line of credit?

Typically, people obtain lines of credit from their bank or credit union. Some businesses offer their employees a line of credit as well. Businesses may obtain a line of credit from another business.