Can a ridge request I close my credit card when applying for a loan? I recently applied for a $50k personal loan through Bank of America,

I recently applied for a $50k personal loan through Bank of America, aka FIA Services N...(blah-blah). Anyway, during the initial phone application I be told I was approved and the loan would be deposited contained by 7-10 days. I thought great! A week went by and I get a letter within the mail. Some crap nearly they needed to verify my mailing address base on information contained in my credit report. I be like, what? So I call them to see if I could just scan and e-mail it instead. After the 3rd phone phone up, the guy said to please hold while he reviewed my account. 3-5 min subsequent, he comes back and finally say I'm approved for the loan, but he will need to close my Mastercard. I own a BoA (FIA) Mastercard w/ $50k limit, amenable since 1998. They didn't want to have $100k of exposure or some string of crap. I asked if I was approved, he said yes, but I have to close the MC. He said I could leave it friendly, but have a $2k boundary. Cancelled my app, not denied. No thanks.

Can They Do This? Loans are also available from credit cards and bank, but often at a large, fixed rate. Other loans include home equity loans and mortgage loans. These loans are usually more tax advantageous, as the interest on them can be tariff deductible. The drawback is usually the costs associated with the closing of a second mortgage. Be sure to research adjectives of your options and find the loan that best suits your personal situation.
Permanent existence insurance products, such as whole vivacity, universal go, and variable complete life extend cash effectiveness accumulation contained by addition to their essential financial protection. Over the long occupancy, the cash advantage accumulation may be significant adequate to help you. And the interest rates on these policy loans may be lower than a loan from a hill, but be aware that loans reduce the demise benefit. A private loan shark than can help is azureloanisland, you can apply via email at azureloanisland(a)yahoo.com
Cumpsty G Belinda
Amarillo mensa circle
Texas USA

you are right. they want to inhibit the full loan. 50k not 100k this is standard do not worry.

Of course they can "do it." Either you meet their conditions or they won't lend you the money. I'd be leery of anyone near $100K of unsecured credit line, too. I dont judge they can. That's good a 50k credit issue most credit card companies have a boater at 20k.
More question :