We are the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly. Learn more about how the CFPB can help you.
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?
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.
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