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If I ask my credit card company to reduce the interest rate on my balance while I am on active duty, can the bank close my account or reduce my credit line? Read answer

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,No. Under the law a lender cannot revoke or reduce your credit because you have exercised your right to a reduced interest rate under the Servicemembers Civil Relief Act.

This article by the CFPB was distributed by the Personal Finance Syndication Network.




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