Thread Starter: Dan Persfull
Title: Re: Unsecured Consumer Line of Credit
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Most open-end agreements I have dealt with have the following statement in the "Change of Terms" section:
This agreement may be canceled by you or me at any time upon giving notice.
Again I go back to my original statement of reviewing the contract; but generally the open-end contract in most cases (that I have seen) will have a similar statement in it.
But even without such a statement I still think you have the right to close the account if it's not being used; especially if you send the "PR Notice" as I suggested and they do not contact you.
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