I have an $8,000 equity dollar line of credit with Chase. I have never used the account and wish to close the account since this affects my credit score.
I have faxed Chase 2 letters and called several times to cancel the line of credit. It seems almost impossible to get Chase to close my account.
I do not understand Chase's reluctance to close my account. I will never use the line of credit and it seems that someone in need of cash or upgrades to their home would benefit more than letting this Line of Credit to sit idle.
Monetary Loss: $8.