RE:RE:RE:Non ENB - Economic recovery or not?AUTO - So you'd withdraw all your money from your bank in an act of defiance, and then go to the bank down the road who are practising the exact same behaviour ? What's the point, they're all in cahoots man . . .
Auto wrote:"LOC's are useful for those with uneven monthly income/expense flows. If the problem is excessive risk, then reel that in by upping the minimum payment to say 10% of outstanding balance. Banning LOCs and herding customers into high rate CC's or fixed amount loans is just a money grab. If my bank implemented this they'd lose my business pronto."