Can bank close the credit card if HELOC in the same bank goes to foreclosure?

[Anonymous]

Let's say the property that the HELOC was taken out on goes through foreclosure and there is not enough to cover the HELOC. I also have a checking account and a credit card in the same bank. I would have enough to keep paying the HELOC. Can I do that? If not, would the bank close the credit card as well as clean out the checking account?

[IOBA]

Go talk to the bank.  Which bank is it?

[creditwherecreditisdue]

It is quite likely. Make sure you empty the bank accounts if they have right of offset.

[Anonymous]

Bank of America... What if my credit card is not maxed out and I'm not behind on payments, always pay more than minimum?

[creditwherecreditisdue]

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@Anonymous wrote:

Bank of America... What if my credit card is not maxed out and I'm not behind on payments, always pay more than minimum?

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They can close your CC at any time for any reason; A major derog, particularly an internal one is a very good reason.