 Quote:
Originally Posted by brewer12345
Solid contract is fine, just make sure you read the fine print. Last I looked, it usually gives the bank lots of leeway to do whatever they feel like.
I don't do much with my local bank either, and I am probably a marginally profitable customer at best.
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Last time I looked at my HELOC, they had the right to freeze it whenever in their sole opinion they were concerned about the collateral or my ability to pay. A few years back, I was in the branch the everning that a large local company had announced massive layoffs. The branch manager told me that they had automatically frozen every HELOC for customers who worked at that company until they knew who was going to be laid off and who wasn't.
Dunno it this will ever help me or not, but I pop into my [small] local branch periodically to deposit a check or take out some cash. I always walk right up to the branch manager, so that he knows me and knows that I'm making a deposit. It certainly helped when I wanted them to reverse a "below minimum balance" monthly charge in my MM account. Three times now he's reversed it. He knows me by name now.
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