Who says banks aren't lending?

Here’s a picture of the three envelopes I received in the mail from PNC yesterday:

PNC's pick an envelope campaign

If you can’t tell from the small picture, one envelope says I qualify for an introductory APR of 0.99%, another says 1.99%, and a third was blank on the cover, but opening it revealed a surprise – only 4.99%!

Last week PNC called me to see if I was interested in a home equity line of credit.  Well, I might have been, you know, if I actually owned a home!

I’m not sure if this is poor customer data management or just a bank that is trying to show congress that it’s eager to lend.

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