Credit Access
» Credit Access, Volume 8, Issue 7, 2008
If respondent has a line of credit, not including credit cards, with one or more financial institutions.
11b. [Think of your largest credit line.] Since the first of September, has the financial institution changed the size, interest rate, collateral requirements, OR other terms of the line, such as requiring a personal guarantee?
Response | ||||
---|---|---|---|---|
1 | Yes | 17 | ||
2 | No | 76 | ||
3 | DK/Refused | 7 | ||
Total (%) | 100 | |||
N | 462 |
Notes: Seventeen (17) percent of small employers, who have a line of credit with one or more financial institutions, have had their financial institution change the size, interest rate, collateral requirements, or other terms of the line, such as requiring a personal guarantee (Q#11b).