Wells Fargo Confirms Its Shutting Down All Personal Lines of Credit

Wells Fargo Confirms Its Shutting Down All Personal Lines of Credit
The Wells Fargo logo is seen on a sign outside of a Wells Fargo Home Mortgage branch office in a file photo. Justin Sullivan/Getty Images
Jack Phillips
Updated:

Wells Fargo said it will no longer be offering personal lines of credit and will shut down all existing personal lines of credit for customers, according to reports. The move doesn’t appear to affect credit cards.

A spokesperson for Wells Fargo confirmed the development and said the decision to do away with personal lines of credit will allow the firm to focus on its credit card and personal loan services.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
twitter
Related Topics