Wachovia/Home Equtiy Line of Credit

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Category: Business & Finances

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Charlotte, North Carolina, United States

Wachovia/Home Equtiy Line of Credit Reviews

Mark June 4, 2009
termination of credit line
I have been a customer of Wachovia (a.k.a Walk-all-over-ya) since 1996 and have never missed a payment on two mortgages, one credit card, and my home equity line of credit. Today, 6/4/09 I received a message that my line of credit has been closed. I have a credit score (FICO) north of 800. Here is a company getting BILLIONS of our taxpayer money to increase credit in the United States and they are pulling credit from their best paying customers. To top it off, if I want to dispute the valuation of my property (their justification for the elimination of the line of credit) I have to pay $325 for their hand picked apraiser. They will reimburse me my $325 if, and only if, my property apraises high enough and they decide to reinstate my line of credit. What a SCAM!

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