Bank maintans the right to "call in" the loan

i am in Canada, today read an article about line of credit, the article said;"Bank maintans the right to "call in" the loan on very short notice, this would likely happen at the worst possilbe time, during an economic downturn, when the LOC is maxed, when you have a cash-flow problem or when you've just lost your job'.

if this "call in the loc' happened to someone before? 这岂不是逼人上吊吗?

所有跟帖： 

• the bank most likely convert it to a home equity loan instead -jy101- ♂ (40 bytes) () 02/12/2010 postreply 07:42:48

• It has the right, but will it do it or not? -va_landlord- ♂ (47 bytes) () 02/12/2010 postreply 07:46:34

• The bank is stupid in most time, though it is not in number case -naive2- ♀ (0 bytes) () 02/12/2010 postreply 08:40:46

• 谢答复, 我也缓了口气. -aywl- ♀ (0 bytes) () 02/12/2010 postreply 07:57:06

• The biggest risk for LOC is -cultuslake- ♂ (201 bytes) () 02/12/2010 postreply 10:27:03

• u are right, RBC increase our interest of loc to 3.45% last year -aywl- ♀ (77 bytes) () 02/12/2010 postreply 10:37:44

• Give the property to them. hehe. -cultuslake- ♂ (119 bytes) () 02/12/2010 postreply 11:18:18