Update: Course reversed-Wells Fargo Tells Customers It’s Shuttering All Personal Lines Of Credit

[RickNATL]

@Itgem679 WF is not my go to for anything.  The PLOC drew me in, otherwise I'd nit miss any of their products, so I feel you.  Yes, I'd move my relationship to a credit union depending on who's offering the most value.  

[Trudy]

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Not sure if you carried a balance or paid it off but did you note the comment about active accounts will be kept open. I was contemplating creating a transaction each month (like and in and out) or carry a $100 to generate a statement. Happy we're keeping it but didn't want them to close due to inactivity in the future. Makes me think theyll be keeping an eye on them. Thoughts?

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I had not used my PLOC since 12/31/2020 and paid it off 2/2021 and I survived.  So inactive may be > than 7 months, although this may change.  I did use it late August to be safe.

[cashorcharge]

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@RickNATL wrote:

I was always moving money to checking from the WF PLOC...then pay off the next month with the same money to keep it active. I'm sure that helps @cashorcharge. I've nit had a rainy day where I really needed the funds but incrementally over a period of time I move various acts in/out to keep statements going.  

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Thanks and agreed. I was doing the same and will likely continue to suffice. Thanks @RickNATL 

[cashorcharge]

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@Trudy wrote:

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Not sure if you carried a balance or paid it off but did you note the comment about active accounts will be kept open. I was contemplating creating a transaction each month (like and in and out) or carry a $100 to generate a statement. Happy we're keeping it but didn't want them to close due to inactivity in the future. Makes me think theyll be keeping an eye on them. Thoughts?

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I had not used my PLOC since 12/31/2020 and paid it off 2/2021 and I survived.  So inactive may be > than 7 months, although this may change.  I did use it late August to be safe.

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Thanks @Trudy   Appreciate the DP. I think to stay off the radar (or the perceived radar in my head since this happened) that keeping something moving is a good idea. 

[Itgem679]

Thank you for your insight.