Ameriprise Bank has recently discontinued its cheque-driven unsecured line of credit, perhaps because of people like myself who had it for 9 years without using it, although I was planning to use it next month (I have a secured LOC with Ameriprise Bank, as well as a HELOC elsewhere, and my plans have only just got to the point of diving deeper into debt). Ameriprise Bank is offering a credit card instead, but that’s not what I want (the electrician does not take credit cards, and I want the house rewired).
So I have been looking around for a new ULOC. A Yahoo search comes up with a lot of business ULOCs, but no personal ones. My own primary bank does not have such a product, nor has Mechanics Bank. Citi has, but at 16.5% p.a. they can forget it. B of A does not seem to have one. I plan to try the websites of a few more banks, but perhaps someone on TR has an idea. The line should be in US$.
