Same for Home Equity lines of credit. I had a friend who was a banker, he had planned on using a $100K HELOC to remodel his house. He was stunned when Chase dropped his Line from $100K to $5K. Killed that remodel.
When I heard that, I maxed out my line of credit and stuck the money in a different bank. That choice got me through 2009. Glad I did it.
When I heard that, I maxed out my line of credit and stuck the money in a different bank. That choice got me through 2009. Glad I did it.