Wells Fargo Preparing for Financial CRASH?! CANCELS Credit Lines: CREDIT FREEZE BEGINS
3 years ago
11
On July 8,2021 Wells Fargo announced that they were going to suspend ALL personal credit lines within 60 days. That means NO new personal lines will be granted and ALL existing credit lines will be CLOSED.
Why would a major bank decide not to give out credit lines when it is a major chunk of revenue?
Why was there so little notice?
When has this happened before? (hint: 2008)
How does this hurt the consumer and what does this mean for the economy?
Watch my take and let me know any questions that you may have. More to come...
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