Wednesday, July 23, 2008

Citibank Charges Termination Fee for Frozen HELOC

This is now UNTHINKABLE! Citibank froze my HELOC on April 16, 2008. They refuse to reinstate it. Wells Fargo is willing to extend me the same line if I close the Citibank HELOC. However, Citibank is holding me hostage unless I pay a termination fee of $1,700.

This is CRAZY...does anyone have this problem...what have you done about it?