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Can a bank cancel a line of credit?

Updated: 9/14/2023
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14y ago

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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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