What happens to my credit card or credit line if the bank goes bust?
I'm not concerned about the BALANCE on them, I'm concerned about losing an older credit line and its effect on my credit history and adjusted credit utilization.
for example: The credit line I have with the institution eclipses all of my other credit lines in terms of dollar limit. It is also older than my other credit lines. If that credit line was no longer accessible or existing because of a failure of the institution, then I would lose valuable parts of my credit score. I would have LESS overall credit limits, and therefore marginal uses of those credit lines would contribute much greater to my credit utilization percentage, thereby having a greater effect on my credit score.