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“I’m going to dispute because I’m afraid of the ding to my credit.”
No offense, but what exactly is your basis for disputing it?
Assets – Liabilities = Owner’s Equity
Accounting 101 my friends.
Asset values fluctuate and debts do not…the result is a change in Equity.
You only had the LOC at the bank’s discretion for risk. They can take it away whenever they want.
