Free Checking?
National City. Looks like a nice place. Where dreams come through, don't you think?
Well, many people had equity of lines of credit with this company. Many. They were so easy to get---you have any equity, you get your line. People use these lines for a variety of reasons--vacations, pay credit cards, use for improvements, or simply for no reason. When they got these lines, they signed the documents which obligate them. Most people lived up to their agreements. Most, except of course, National City.
National City's stock price has tumbled, and they got out of the equity line business. Now, they seem to find any reason to cut people off of their credit lines. They did for no reason to a number of customers.
Hopefully, National City's actions will cause them a class action lawsuit, or other karmic actions. It usually does. In today's times, people need certainty, and if National City's actions cause a bankruptcy, or a foreclosure, that is simply wrong.
There are good people who want to help when people are wronged. Please, if you have any questions, drop us a line.
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