Credit Access
» Credit Access, Volume 8, Issue 7, 2008
If respondent has a line of credit and their financial institution changed the size, interest rate, collateral requirements, or other terms of the line, such as requiring a personal guarantee of their largest credit line.
11d. Did you try successfully to replace it on more favorable terms at a different institution, try unsuccessfully to replace it, or not try to replace it?
| Response | ||||
|---|---|---|---|---|
| 1 | Try successfully to replace it | 4 | ||
| 2 | Try unsuccessfully to replace it | 19 | ||
| 3 | Not try to replace it | 77 | ||
| 4 | DK/Refused | 0 | ||
| Total (%) | 100 | |||
| N | 78 | |||
Notes: Nineteen (19) percent of small employers who have a line of credit and their financial institution changed the size, interest rate, collateral requirements, or other terms of the line, such as requiring a personal guarantee of their largest credit line tried unsuccessfully to replace it on more favorable terms at a different institution.
