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4.4 7548 Reviews

Wells Fargo Complaints Summary

624 Resolved
1094 Unresolved
Our verdict: Engaging with Wells Fargo, which has a below-average resolution rate, demands caution. Thoroughly assess their service reviews and explore how they handle unresolved complaints. If you encounter issues, document your experiences meticulously and be persistent in seeking resolutions.
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11:05 am EDT
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Wells Fargo renovation 203k mortgage loan

I have gotten Wells Fargo home mortgage renovation loan (FHA 203K) for 320K (240K+80K) in Nov 2009. I was given 3 points higher rate at 7.5% (vs. 4.8%) and it has been a nightmare getting money released or getting refinance to lower rate from Wells Fargo thereafter. Wells Fargo’s and FHA home mortgage renovations 203K policy is a screwed up and expansive that no one should ever consider it. It has been 8 months of nightmares and due to Wells Fargo’s idiotic pathetic bureaucratic policies I can not still get refinance to lower rate. I have been spending tremendous amount of money for Wells Fargo’s charges, FHA consultant, inspectors and higher renovations contract fees. I requested several times for loan re-modification after President Obama’s law and I was told by Wells Fargo that I must be 60-90 days delinquent in payments to be considered for loan re-modification for lower rate. I unfortunately had to be delinquent for 3 months to find out by Wells Fargo again that I had to be now current to be considered for loan re-modification. I paid the delinquent balances after 3 months of bad credit score in dropping more than 40 points in my credit score to be told by Wells Fargo again that now I am current with the payments and I will not qualify for loan re-modification again as was ground zero. This has been nightmare experience with Wells Fargo and I have complained to Pa attorney general and to President Obama but no response or help has been offered. Any help and suggestions will be greatly appreciated. Dinesh Tewari [protected])

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Update by drexelhill
Mar 15, 2010 10:12 am EDT

Thanks for all your educated people responses with Pro knowledge in mortgages and I agree that I signed an loan which was 3% higher than market rate and I have been forced to pay the interest for unused money still in renovation escrow for 2 yrs and no modification has been offered. The house is currently on foreclosure list with the bank and I guess that is what Wells Fargo has been interested. Good luck to on preying on people with financial compromised situations. May god bless have mercy who can not get any help from lenders? Dinesh (drexelhill@gmail.com, [protected]).

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Anna Lee 253
, US
Dec 13, 2015 9:43 pm EST

I bought a property in Jan 2015 with a Wells Fargo rehab Lian through HUD 184 under the 203k. Terms of condition to be finished in 90 days. It is December and I am still not in home, technically homeless single mother with two children paying mortgage on a house I can't live in. Granite inspection came out and said things were done that were not, said things were not done that were. Worked on a percentage system that didn't reflect work. I asked questions, refused to sign documents indicating incomplete work as complete and it turned into a nightmare fast. Very poor communication from draw center. Sometimes a month lag of reply. Then contractor left job without finishing and slapped a $25k lien on my property. Money not owed, but remaining balance of estimate. Now Wells Fargo won't pay the sub's that did their work, won't release my gifted funds so I can finish this project to obtain certificate of occupany. My daughters and I squat in our house without a kitchen, just a toilet and cold water sink. Absolute nightmare. Now I have to represent myself in court to remove lien. Wells Fargo have provided no help or direction. Their system is set up to not hold accountable the GC for receipts, finishing work. I have so much I could say and explain about this. 11 months into project, completely alone and now having to use my money to pay materials and labor to finish, but paying mortgage on a rehab amount not used . I'm doing my end of deal and WF isn't doing theirs.

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thegreatnw
Shelton, US
Mar 15, 2013 4:38 pm EDT

I am working with Wells Fargo on a 203K on a investment property. This is not my first parade here; I am competent with the financing process. What a bureaucratic nightmare! I have jumped through every hoop possible regarding financial documentation (our credit score is in the 800’s) and they still keep requesting redundant financial information, most of which I have already provided. Apparently, know one in this process actually reads any of the information provided. Wells Fargo seems to be ignorant regarding tax returns because they keep requesting a Schd A tax form which we don’t use to file!
Add to that the nightmare of working with Granite Construction, Wells Fargo’s bid inspection sub contractor. The inspector that came to the house approved the scope of work and the bid with no additional recommenders. He forwarded that to Granite, who by looking at the photos from the comfort of their desk four states away, now demands I up the bid price (and ultimately the mortgage principle) for items such as brush clearing, paint (the house is completely painted inside and out), demolition of out buildings, etc. Many requested items are already on the original bid…again; don’t they know how to read?
Of course, the 203K FORBIDS the buyer from performing any of the work themselves. So what, I have to pay a contractor prevailing wage to cut bush from outbuildings? What person in their right mind would add that cost to a mortgage and amortize it over 30years? Mind you, all these additional items will greatly enhance the bottom line for both Wells Fargo and Granite Construction. I sense collusion here.
Everybody profits and the buyer is left with a mortgage that is more than they wanted to spend. Note we have been working on this loan for 2 months. The seller is exhausted and will not give another extension. So really, it is too late to go elsewhere. I wonder if Wells plays it this way? By the time they start upping the bid, the buyer is too far into the process to go elsewhere. It also makes me wonder how many people have been forced into properties that are a financial push only to not be able to make the payments. Then the bank forecloses, and sells the property back to Fannie or Freddy at inflated prices, the bank also gets paid by their lender’s insurance rider, not to mention the upfront fees they collected in the thousands of dollars. They profit greatly. I have tried to contact the Feds regarding this, but no one seems to know if the bank/construction sub contractor can arbitrarily demand the seller include aesthetic repairs and superfluous items. I have no intention of leaving the property with berry bushes close to the outbuildings. I don’t live like that and my other rental properties will prove that fact. Unfortunately, this is what happens when corporations collude with the Federal Government. They profit but the little guy pays. Thank you Senator Dodd and Senator Frank! What a mess you created and then retired!
Don't use this program. Seek private finance. It will cost more but you will benefit in the end.

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Visvire
, US
Jun 05, 2012 11:04 am EDT

I had a 203K done, unfortunately the house is still unlivable. The contractor didn't finish certain jobs, but I didn't notice until after the fact b/c I don't have easy access to a ladder and didn't notice small things (like unpainted 2nd story window). I'd recommend not using this product unless you 100% trust the person doing the work, and really - how many of us know or have the time to find expert//trustworthy contractors- this is a loosing proposition and poorly poorly regulated industry. Contact me for more details if interest. visvire@yahoo.com

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Top Gun II
Rush, US
Mar 21, 2011 3:46 pm EDT

I have to agree on some issues but the person that said wells fargo is the only Bank that does these loans is full of crap. You even said 5/3 does those loans in your latter statement. I would bet you work for a bank and possibly the one we are complaining about. I am dealing with wells fargo myself and I can say it has been a pain from dealing with the loan originator to dealing with the funding dept. on repairs. The tried the same crap with me on the % rate I use to be a finance Manager for a mobile Home Dealer the could not get this over on me plus I do have good credit. The loan officer was very nice but very poor job on follow up. They all will lie to you! The way I see it their is not any much better unless you deal with a Hometown Bank. As before the butthead earlier said not many Banks do a 203K loan and wells fargo is going to get woke up one day they are forgetting who their customers are they put more faith and respect towards inspectors and such than the one paying the Bills. I hope you don't loose your Home good luck!

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kdpa
Johnstown, US
Nov 13, 2010 7:26 am EST

My husband and I have a 203k with SWells and have no problems with our rep... it is the reno specialists who will not return our calls or emails. This has become a major problem as our contracted reno work is completed, yet, no one will respond to our requests for the final inspections to be completed so our contractors can be issued the final draw amounts. We had the same problem with the initial draws but assumed it was just a glitch because we had such a great rep. Thus being said, the customer service after the closing is AWFUL and I would hesitate to recommend WF to anyone...and I'm in the process of being licensed as an agent. WF loss as far as I'm concerned... don't be fooled by them!

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Reality Check2
Birmingham, US
Dec 08, 2009 7:38 pm EST

First of all, Wells Fargo pricing policy wouldn't allow you to be charged 3 points higher than the going rate. However, if you get a 203K expect to pay more, they carry more risk and that is how lenders compensate for more risk. Pretty simple.

Did you check with another lender about the refi? I'll bet you got the same response as WF is telling you.

It sounds like you went into the process uneducated, bought over your means or the house dropped in value and now want a handout.

LoanModificationPrograms
LoanModificationPrograms
Glendale, US
Nov 30, 2009 6:23 pm EST

They are many companies that are legitimate and can help homeowners stop foreclosure and keep their homes.

Mortgage Assistance Group is one of those companies that holds an "A" rating with the BBB and has help over 500 homeowners keep their homes.

They give a discount to the homeowners who have been scammed and treat each client with respect and dignity.

You can reach them at [protected] and at www.mag-az.com.

Thanks and good luck,

Randy D.

P.S. If you know someowner they can help, They will pay a $100 referral!

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GENVIGEN
Belleville, US
Sep 18, 2009 11:50 am EDT

5/3 BANK ONLY REQUIRES A 580 CREDIT SCORE AND THEY DO 203K LOANS! MONDAY SEPT. 21, 2009 THEY ARE CHANGING THEIR MINIMUM SCORE TO A 620. IF APPLIED FOR TODAY, SEPT. 18, 2009 AND YOU HAVE A 580, THEY CAN PROCESS YOUR LOAN!

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Mike Exarhos
Knoxville, US
Aug 04, 2009 5:00 pm EDT
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I'm sure they twisted your arm and made you take the loan... They are the only bank that I know of that will do such a loan...
Yes you have to pay an outside agreed upon third party to inspect the work before they release the funds..
You already knew that before hand also.Yes you have to pay out of pocket for the consultant to inspect the completed work and it's about 200.00 for each inspection/ draw request.
You cant expect the bank to pay for work that has not been completed. You knew the interest rate upfront and now your complaining.
I have the same loan ( 203k ) I was a bit annoyed at the fees and the interest rate I got also.. It is a bit of a wait to get the draw funds wired but what are you going to do?
They are taking a bigger risk with such a loan and if you wanna play you gotta pay... That loan allowed me to by a foreclosure at a great price and gave me 49, 000.00 for the repairs when no one else would..
My rep at Wells Fargo, Jeff Tauman really stepped up to the plate..
I hope things work out for you and stop blaming them because you can't make the payments..

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11:47 am EDT
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Wells Fargo liars and cheats

Help me, please!
Spring of 08, my daughter, son-in-law and 3 yr old granddaughter moved in with my wife and I due to him getting laid off from his job.
While he did odd jobs for cash and helped when he could while looking for a new job, it put my wife and I behind on our bills. Utilities went up, gas for vehicles used went up, groceries went up, etc., etc.
Contacted wells in nov to arrange payment options to get back on track. Didn't hear back from them until dec, when a lawyers office sent me a letter wanting me to let an appraiser into my home to appraise it's value for foreclosure sale. What? I couldn't believe it!
I called the lawyer office and they wouldn't talk to me without authorization from wells. I called wells and they told me to call the lawyer and ask for a "reinstatement amount".in the meantime, I gave them my information for a "loan modification" program. The lawyers office said I need to pay wells $2400 to get reinstated. I did.
I called wells again to verify they had recieved the $2400 and they had. The guy then tells me that my payments would be suspended until the loan modification cleared, and that I wouldn't have to make a payment until may (This was in jan). I still sent in payments.
In may, I authorized my bank to do electronic 'bill pay' to wells, 1/2 my monthly each two weeks. I recieved a letter from wells, my 'modification' letter, that said for me to pay $1900 in may, $972 a month for 6 months afterward! My monthly is only $554.
I called them back and told them I couldn't afford that, could they please put what was owed on the end of the loan and let me continue to make my $554 payments? They told me to resubmit another loan modification form, with all the same information as before, and they'd let me know in a couple of weeks. Didn't hear from them until july. Got a letter in the mail again from a lawyers office wanting me to let an appraisor in again. I called wells again. The lady told me to resubmit my hardship letter and all the other things again. Meanwhile, all the money i've sent in hasn't been applied to my loan, therefore, putting me further and further behind, and racking up more and more late charges and fees. Why won't they work with their customers? Wouldn't if cost them less to help them than to take their home and sell it in this market?
Please help if you know how I can get out of this mess!

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Update by DougS
Nov 16, 2009 12:39 pm EST

After calling, and calling, and calling the executive number, I got in touch with a higher up manager. She put a mod specialist on my casse and got all my issues fixed. I'm now at a lower interest rate and lower payment per month. I've set it up with my bank to do auto drafts so there will be record of each and every payment made to them from now on. I'm currently 2 months ahead on my payments and I inted to keep it that way. Due to the lowered interest rate, I doubt I'll be able to find another loan company to refinance with so I'm stuck with WF for now. As long as I can stay two months ahead, I don't see any reason for any more problems out of them.
I advise anyone with problems with WF to contact the executive numbers listed in the other emails. The lady I dealt with was fantastic and worked to get my problems resolved quickly.

Update by DougS
Jul 22, 2009 3:08 pm EDT

After submitting my original complaint, I contacted the ceo of wells fargo through their email address. I obtained this from www.wfhmcaught.blogspot.com.
They emailed me back with phone numbers to contact them at.
After talking to them, they understood my frustrations and assigned a manager to handle my case. They are currently working with me to rectify my situation. I'll post updates as they come available.

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MaMel
West Bend, US
Jul 30, 2009 12:34 am EDT

Hey - You are not alone! WF has messed with me, too. I'll spare the details, but I'm up against them in court on Friday. They will NOT get my home! I found this number searching another website. A LOT of people have said that calling it works, you get a "smarter" WF employee who really works out the mods. It's called the "executive line" at [protected]. Give it a shot! Do another post on here and let us know what happened! Also, you may want to check out that website at www.loansafe.org. Fantastic site... to vent or gather phone numbers or get advice! Best of luck against these idiots. Don't give up the fight!

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Wells Fargo - loan modification

This company is so big that they have no clue what they told you yesterday, everyti me you call u get a different person who has no notes or a clue what another person said or had you agree to, this is MY LIFE, MY HOUSE, they are playing games with and my hard earned money i keep handing over and they dont know if they recieved it or not, they lost too many...

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Wells Fargo bad service/scammers

Well we financed a 2004 dodge ram back in 2007 with wells fargo and they are the worst bank ever! We have 20% interest rate. They are very rude people. My husband would call them when we were having money problems and try to make arrangements for late payments and the representative would be very rude with him and was actually arguing with my husband at one point telling him that they will take his money and they will mess up his and my credit and asking him for his parents phone number so they can call them to get their money. Then to top it all off they would deduct money from our accout without our authorization more than once and take out more than the agreed monthly payment. Also when we tried to refinance our auto loan to make our monthly payments lower they would always tell us to call them back in 6 months, well we've been doing that for 2 years already and its the same story. They are a terrible company and I cant wait 'til our loan is paid off! I will never do business with them ever again!

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texsweetheart
, US
Jul 15, 2009 2:21 pm EDT

You have a 20% interest rate and can not be re-financed because your credit sucks. If you don't believe me go to another bank and refinance it thru them. Nobody has said you have to refinance thru the bank with the original loan. They can not make unauthorized debits from your account, you have to have signed something to say they could. Good luck.

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Wells Fargo out of control fees

My 22 year old daughter recently made an error in her checking account that resulted in a negative balance of $1.32. This started a series of fees that have grown to $475.00 in 10 days. She had no idea she was overdrawn (because again, it was a mistake) and therfore had no reason to check the balance. In the meantime, she continued to use her Debit card daily and was able to withdraw as much as she needed. (Why your debit card isn't refused when you have no funds is a complete mystery, but I'll save that for another complaint.) It wasn't until she got an overdraft statement in the mail - 6 days after the account was overdrawn, that she realized there was a problem. The notice came on a Saturday afternoon so by the time she could get to the bank it was Monday, now 8 days since she had a negative balance. She went to the Bank Monday to first figure out what happened and second figure out how to avoid it from happening in the future. She definitely made the mistake but up until this mistake she had an avg monthly balance of $350.00 and no overdrafts. She's young, she's in school and these fees are more than her paycheck. I truly believed the bank would work with her. I didn't expect everytning to be waived but I did expect them to reduce the amount. She pleaded her case, noted her lack of past mistakes and signed up for on-line banking so she could have access to the account at anytime. (when she originally opened the account she didn't have internet access on a regular basis and therefore didn't sign up for on-line access). Wells Fargo didn't care, doesn't care and just kept repeating it wasn't a banking error and she had ways of checking her balance. $475.00 in 10 days and will continue growing because she currently has a negative balance of over $300.00 and there is a daily overdraft fee on checking and savings. I'm having a hard time understanding why Wells Fargo won't budge. They obviously needs the money and I think if there financial situation is that fragile, everyone with an account there should be a little nervous. Our next step is to close her account immediately. Can't wait to see what they charge her for that.

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depeche mode rules
Phoenix, US
Aug 17, 2009 2:19 am EDT

So many excuses about how its the banks fault. Obviously the daughter can't add and subtract, take responsibility, and read disclosures that are in big print... neither can her Mother. All banks charge fees and if you
( the poster) don't like it then put your money in a mayonnaise jar and put it under your bed.

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texsweetheart
, US
Jul 15, 2009 2:17 pm EDT

Your daughter overdrafted her account, Wells Fargo is under no obligation to reverse any fees and you will be hard pressed to find a bank that will right now. It will teach her a lesson to check her account. They have plenty of tools to prevent overdraft due to financial irresponsibility, more so than other banks. But keep pressing about the reversal of overdraft fees, call the phone bank or speak to a branch manager, go to a different branch and speak to the manager. They may partially reverse the fees. Close out the account there is no fee to do that, you just have to have a zero balance.

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Wells Fargo unethical treatment to employees & customers

It’s amazing, when you think that you are the only one getting scammed by your bank, when in reality there are others out there, just like you. As you get curious and start digging up information, you come to realize that many feel the same. I have affiliates that are past employees of WF and have greatly agreed upon the fact that WF is so commercial, that customer service is just a front. They will tell you anything for you to sign on the dotted line, to abide by their uprising hidden costs, rates, and fees. I also have many friends (including myself), that have had bad experiences with this particular bank! From currency exchange problems to overly extensive overdraft fees! All they do is take your hard earned money! And with this crazy economy, this is the last thing that we need! I have started a group through Facebook that is trying to draw in current Wells Fargo customers to close their accounts. We feel that this is the only way these banks will listen to the little guy! August 1st-8th, 2009, we are encouraging all current WF customers to DROP Wells Fargo as their bank! Please feel free to pass this message along! Via Facebook, Myspace, MSN Messanger, AIM Yahoo messanger, cell fone texting, email, etc! Or visit our facebook event page at: http://www.facebook.com/grou p.php?gid=[protected]#/even t.php?eid=[protected]

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Marcia cromartie
Owings Mills, US
Feb 21, 2015 2:35 pm EST
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I'm a former Wells Fargo dealer services employee and worked there for 7 years. I did honest work and was one of the top performers. Management discriminates against black people, especially black woman, the last couple years has been more black employees getting fired or resigning because of mistreatment. I resigned due to force, the unfair treatment and Harrassment has caused me to have my baby 3 months early. The HR department had to come investigate the owings mills md office due to African American employees complaining to Hr and to the federal government. The company is evil and I pray justice will be served for all current employees who are afraid to speak up and former employees who were wrongfully terminated and forced to resign!

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Axuname
West Palm Beach, US
Jul 01, 2014 2:13 pm EDT

This is the worst bank ever. I have four accounts with Hells Fargo. They are the most unscrupulous bunch of crooks. I will close all my accounts.

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WF not doing right for customeremployees
Bal, US
Sep 10, 2010 1:46 am EDT

As a former employee for many years, many years I believe wells Fargo stood up to their vision of doing right for the customer. I loved my job always gave me the opportunity to work and tend to my children. I started when customer service was valued not only to the customers but to the employees being treated as individuals. As the recent years wells Fargo turned commercial and as much as they tell their employees do not do anything unethical they mumble the thought in the employees herds that if they don't get all customers walking in to open an acct weather existing or new they will be basically looking for another job. But let me just put it the way they actuall tell the employees...this is a sales job we are here to get are sales done so each one of you need to get 3-4accts a day and if anyone thought this wasn't a sales job then let me just tell you the door is right there. So you have to think who in reality is being treated unfair the customers or the employees. Yes we can leave but in this economy sometimes we are stuck. They are some employees who try to keep themselves honest and do right but sometimes we do have to convince our customers they need to open maybe a second acct. I myself never forced anyone or trick them I gray to give them their benefit in why such as maybe they can use one acct strictly for bills...anyways it's rough working there but at least customers can always say NO but as an employees some do what they need to and the managers are aware of all unethical behaviors but hey at the end of the day those unethical employees are praised by management and by district managers ... So those employees who try not to fall into that are stuck struggling. I did finally resigned because lately it was too much to handle I couldn't do what they expect cuz I'm not like that so it was either me leaving or being fired and well if I was going I wanted to leave with head held high knowing all those years I did do right for my customers.
One thing to be aware u are only allowed one free acct unless u have a PMA. So please don't let any banker convince you to open another acct unless u have any type a fraud issue then I do advise to change acct number. Otherwise it's like the old saying if ain't broke why fix it.
Also the person greeting you when u walk in it's not to welcome you they scope people out for possible sales.

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Patricia A Clapp
Forest City, US
Jul 05, 2010 4:28 pm EDT

I am a Wachovia customer but my car was financed by Wells Fargo. Last year my social security date changed so informed Wells Fargo of this and asked them not to take any money for the payment it was an automatic draft well they tried to take it out and of course Wachovia had been issued a stop payment on them. Charged 25 and the next month they did the same another 25.00 was added to me. I went in and talked to my bank manager and he called wells fargo and quess what this manager would not discharge the 50.00 and they had already merged together. No help my bank picked up the 50.00 and the following month I had to pay another 25.00 and not only that but they sent a letter to the three cfedit reporting companies telling them I wanted credit I had not applied for any credit but now I am being reported as a bad risk plus some other problems with my credit. They get back at you no matter what you do even trying to give them a heads up on my changed status has cost me plenty plus a bad credit report.

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No Scams 876
Dallas, US
May 07, 2010 8:16 pm EDT

I Googled "Wells Fargo Unethical" and this was one of many hits that came up. The reason I searched the subject this evening is I just entered into a re-finance with them. My credit scores are Excellent; Experian 749, Equifax 729, TransUnion 731... pulled during my call with WF, which I am very proud of. So I'm going over the re-finance scenarios with my Wells Fargo rep. Tim and I press him for a product that is not the offer I just received in the mail, which by the way was a ridiculous offer! (a re-fiancé offer at 6.125% 30-yr fixed.) We go over some of the products he has to offer me. We find one at 5.375 and begin the refinance Q&A. Then Tim pulls my credit score from an agency called RELS, they reports my scores as; Experian 675, Equifax 676, TransUnion 696. Which by order of grade elevates me to "moderate risk" level. I tell Tom there is a serious problem here... the scores shouldn't be that far off. So he says well... I can offer to you the product you received from WF in the mail today at 6.00% due to your less than excellent credit scores. I tell Tim I'm not really interested in that product and want to now discuss the obvious disparity from the report I just pulled and the one he got from RELS. He says in closing "I'll just get this deal in the works for you because it will save you money every month and you don't have to pay anything out-of-pocket, this is really a no lose situation for you, right." I suspect WF rep. Tim is outright lying about the scores he says he got to push me into their "product" in order to prevent me from closing on the better deal that will save me a significant amount more. To be sure, I'm now launching an investigation with both WF and also the three credit bureaus and I will get to the bottom of this probable unethical WF action.

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angry422
Beaverton, US
Dec 10, 2009 1:27 am EST

I know they treat there customers like crap, i am currently one and going to get out of there ASAP. As for the employees not sure if i share any sympathy for them if they stay with such a company then they are just as bad, the ones who decide to leave and go elsewhere then my hats off to them for leaving such a disgusting place of service. The employees i have encountered so far have been nothing but rude, except for the day i opened my account they were as sweet as can be. Wellsfargo stinks and i am going to be seeking legal counsel against them. We need to stand up to these banks our money is keeping them in business but yet they treat the consumer like S###.

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Wells Fargo delay in refinancing

My husband and I completed a Wells Fargo application to refinance on March 29, 2009, paid the application fee and for a home assessment, and have been patiently waiting for over three months for the application to be processed.

My husband called our Wells Fargo home mortgage consultant on numerous occasions to get a status update on our refinancing application. The mortgage consultant indicated that there was a delay in the refinancing of home mortgages at Wells Fargo but was unable to give us the status on our application or a specific date for when our home mortgage refinancing would be completed. He stated that the Wells Fargo division that is responsible for processing our refinancing application was not responding to his calls or emails. This is completely unprofessional business behavior.

It is surprising that our home mortgage refinancing has been delayed, especially since our interest rate is only locked in for 90 days. With the 90-day deadline passed, Wells Fargo has still not initiated any communication regarding the status of our refinancing. This refinancing delay has caused my husband and me much inconvenience since we have missed out on the opportunity for savings on our home mortgage and securing a low interest rate. We have also incurred significant costs with the refinancing application and our status remains uncertain. Had we known that our refinancing would be delayed, we would have chosen a different bank.

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C. Harman
Chicago, US
Aug 05, 2009 3:44 pm EDT

The exact same thing happened to me with Wells Fargo, except my mortgage consultant doesn't answer my calls or call me back. I feel that he mislead me into a loan product that was not a good fit for me. I ended up contacting an experienced local loan officer who is fixing this mess but unfortunately I wasted time, the Wells Fargo processing fee and a condo association fee totaling $450. Just felt so frustrated, overwhelmed, and helpless. According to Wells Fargo's terms and conditions, the processing fee in non-refundable, but they should give us some money back especially if they are the ones that can't close the deal yet we did our part. What a rip off. I would never recommend Wells Fargo to anyone.

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Wells Fargo total crap

I deal with b of a, but I got a part time job with a company that does not offer direct deposit and happens to bank with wells fargo. So, I started to go to wells fargo to cash my check, and every time I went in there they pushed very hard for me to open an account with them. This one lady even told me that they would only cash my check if I paid a $5 fee since I did not have an acct with them.

So, one day, I must have been in a good mood or something because this nice young girl offered to open an acct for me in a not so overbaring manner and I decided that I would go ahead and open a checking acct just to be able to take my check card and cash my work check. (I had an acct with wells fargo for a few months about 7 years ago, so I asked the personal banker to make sure that there would be no conflict with the old acct. She supposedly varified my information and said that there was nothing in the system that said I had an acct with them.) so, I deposited about $700 to open the acct. 2 days later on a friday 4th of july weekend, I went to withdraw some money, and they told me that there was a hard hold on the acct because I had 2 accounts with conflicting social security numbers. I was sooooo pissed you don't even know. Nobody could tell me how it was possible to go from no record to 2 records. They made me get a letter from the social security administration to prove my identity to have it faxed to god knows where to get my money out.

I was screwed over the weekend. So, that next monday I had a different banker call the center where my acct was opened, because I wanted to know what happened. It turns out that the stupid girl put in my social security # in wrong which raised a red flag. I'm still waiting for the hold to be lifted. Do not bank with wells fargo.

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angry422
Beaverton, US
Dec 10, 2009 1:18 am EST

Wellsfargo is indeed horrible. On one day i was charged 10 over draft fees come to find out after doing a little research that they changed their policy where they will only charge you no more than 4 fees in a day but yet i got charged 10 and was only refunded 5 out of the goodness of their nasty dirty hearts, this is after writing a letter of complaint to there head branch.

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Wells Fargo possible fraud

I applied for a refinance back in February. It is now July and the following occurred when I called them today:

1) The first loan professional "Dan" said we did not qualify for a refinance under the government program because we have PMI on our mortgage. He then transferred me to another company, Americas Servicing Group which has nothing to do with Wells Fargo.

2) I then called back, reached a different department and "Liz" stated our application is still under review and a decision has not been made. I questioned her on what "Dan" said and she stated this was not accurate.

3) I then asked for a manager and was delayed many times avoiding this transfer. When I finally got persistent, she transferred me. After 40 more minutes, I finally got put into someone's voice mail!

Horrible customer service and questionable ethics here at this company. I will start writing the letters to the necessary agencies reporting my findings and possibly hiring a good attorney.

AVOID THIS COMPANY AT ALL COSTS!

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travis queen
wichtia, US
Jul 01, 2009 6:56 pm EDT

I work for Citi mortgage and their is different answeres for different circumstances if they operate the way we do you might recieve a letter stating you are not qualfied but here is a consultant who can help you manage your bills, or you wont recieve any confirmnation at all because they have to sendo ut to many letters stating that to different people.

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Wells Fargo refinance

We recently attempted to Refinance our mortgage. We were told it would be a long process and we were ok with that. At our first meeting, we were told we were preapproved, we provided them with every single piece of documentation they asked for, we were locked into a rate, and then we waited and waited. I emailed and phone them for over 6 weeks, contantly being told that they haven't gotten any information and that they were backed up with loans. I finally called to tell them that I needed an answer and I was told nonchalantly that our loan had been denied! DENIED! After 3 months and my constant calling, I am nonchalanly told that we were denied because of bankruptcy that we were told would be NO problem. The service was horrible and I am appalled that I spent all this time thinking we were approved, only to be told we were not AFTER 3 MONTHS!

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Lloyd Jemtrud
Fargo, US
Nov 10, 2010 3:23 am EST

My name is Lloyd Jemtrud my account # [protected] . I have called three times to talk to someone and i gave my cell phone # and nobody has called me cocerning the matter. What kind of buisness do you run.

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Kam1
Riverside, US
Jul 01, 2009 1:17 am EDT

The very exact thing happened to my husband and I. We were going to refinance our home to get a pool; we were told numerous times that we were DEFINITELY APPROVED. They even wanted to give me a check for $8, 000.00 by using my car as a collateral at a 22% interest (my car is paid off!) then they said I can pay off the $8k after I get the $ from the preapproved loan. Thank goodness my husband and I didn't go through with it. We waited for 3 months also. Every time we called they said they didn't know anything yet. Their excuse was that our loan was submitted and they can not talk to their own underwriters. That should of been a tip off that there was something that was not right. They were so positive that we were going to get this loan; also, they said our fees were only going to be around 7k - at end they were going to be 12k!

Be aware of everything they say and that you sign. What they say in the beginning IS NOT WHAT IT ACTUALLY IS AT THE END!

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Wells Fargo loan modification

I submitted for a loan modification on my mortgage loan on 1/12/2009. As of today I have received nothing but requests for the same information over and over. They required me to add my insurance and taxes to my mortgage loan account, said it was part of the loan modification approval requirements, so I agreed... those 2 impounds were not required when I got the loan. This requirement INCREASED my monthly payments instead of lowering them, as the modification for a reduction has not been approved yet. It has been almost 6 months and they are STILL reviewing my file, I call every 2 weeks. Has ANYONE gotten their mortgage loan modification completed by Wells Fargo yet? They assure me that thousands of customers have. I do not believe it. I am trying to keep current but this last blow, where they upped my payment over $200 a month to add the insurance and taxes has put me over the top...I will be in default soon. I tried to be proactive when I lost my job and had the disability but it has not worked out. Let me know, I think they are lying to us. Lets start something rolling. I emailed John McCain, my legislator, but got no answer back. Linda

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Update by Lollypup
May 13, 2010 6:28 pm EDT

Good evening everyone ! I just emailed OPRAH to see if we can get her attention on this issue and get it back on the radar screen. How many more families are going to loose their homes unnecessarily. I know we have all been Emailing our legislators and filing complaints with our attorney generals which may be useful, but it has been fruitless so far. I hope that her staff will read the email I sent and check out this blog. Keep up your spirits. Let's hope we can change the HAMP and loan modification guidelines to fit the reality of the problem, home loan values, etc. WE know the programs are not working now and need to be fixed. I feel your pain. Linda

Update by Lollypup
May 11, 2010 3:07 pm EDT

I believe the post from SWNC is phony. I do not know of any Wells Fargo loan mods that were done with one paystub or check statement and in 4 days. Their requirements are at least 3 months of documents, of check account statement, pay stubs, and proof of income/expenses. Their review process takes up to 90 days or more at a minimum. If you do get a chance to go for the HAMP program you have to do 3 months trial payments before you can even qualify. I emailed this poster above called SWNC for more information, ask for nothing confidential, but received no responses...this makes me suspect. Why would they post something on a complaints board blog...tellling us they had a loan mod done in 4 days with no problems ...and not share their source for getting it done to help others... HMMMMM ?

Update by Lollypup
May 11, 2010 3:01 pm EDT

Gosh... I feel your pain ! They do just run you around left and right. Contact your attorney general in the state you live in... File a complaint about what has been going on for you. Also notify your legislators of your issues with both bank and mortgage loan mod issues...we have to speak loud and long to get any attention to the matter...
I believe we can get this done but it will take time.

Update by Lollypup
May 07, 2010 10:04 am EDT

What branch of Wells Fargo did you work with...who ? None of the rest of us on this blog, hundreds of us, have had to go thru hell and back and no positive response. What town do you live in? Here in Phoenix no one is qualifiying because values of property have dropped so much due to all the foreclosures that we do not fit the home value ratios they have established for either HAMP, Obamas plan or the inhouse programs. Appreciate any additional information you can provide. We are struggling here.
Thanks Lollypup

Update by Lollypup
May 04, 2010 5:23 pm EDT

This is terrific. Today is May 4th 2010. I just got a call from the Wells Fargo liquidation department. They will not give me a loan modification so that the monthly payment on my house is affordable, however, they will accept less money for the house than what I owe on a short sale and I can move out and loose my home...isn't that a dandy ! They are willing to loose $45, 000 in a short sale between the difference in what I owe and what I can sell it for, but will not reduce my interest rate to an affordable monthly mortgage loan payment amount...is anybody listening...legislators or anyone get this ? This is so backward it is scary...

Update by Lollypup
May 04, 2010 10:18 am EDT

AMEN...after 1 year and 4 months...Wells Fargo has turned me down flat... first it was that my home's value had lost too much value here in Phoenix ... due to all the foreclosures... the house did not qualify for federal HAMP program...now they say I do not have enough income to qualify for any of the other Wells Fargo inhouse programs... from what I can tell no one qualifies for anything and they are not interested in keeping anyone in their homes... from what I can see by my experience here and all the responses on this blog. Keep at it folks with emails and calls to your legislators...they made the rules... they can change the rules...we are not folks that got BAD loans that should not have gotten them in the first place...I have over $200K invested ...so that philosophy does not hold water... my best to all of you !

Update by Lollypup
Apr 10, 2010 6:18 pm EDT

If it is not your personal residence, than likely it would not matter...it is usually only a protection afforded to your personal residence, but I cannot speak for NC. If you live in AZ ... then in this state you will also have protection on your investment homes...guess they do not want renters getting booted out of their rental homes due to banks greed. Republican state...makes a difference. Take care

Update by Lollypup
Apr 10, 2010 11:04 am EDT

What state do you live in? IN Arizona a lender/mortgage company cannot get a deficiency judgement on your personal residence...other states not the same. Anything you own outright, y have to get everything out of your name...cars, property, bank accounts, boats, rv's, asap...give the stuff away and change the titles ...or they will force you to sell it and pay them, they can seize. Do no have cash in the bank...get a small safe keep all monies as cash...it is the pits how they can ruin your life this way. File a complaint with your arttorney generals office, file bancruptcy, those options are out there as well. So sorry it went this way for you. You are not alone but again speak out to the powers that we elect...your legislature, local papers, mayors, attorney general. If noone talks nothing changes.

Update by Lollypup
Apr 09, 2010 9:41 am EDT

WOW thanks !

Update by Lollypup
Apr 08, 2010 10:57 pm EDT

I wne to their web site and went thru the pages to register but it would not let me get past my loan number, even though I had the right number there, it rejected my application with error message. I emailed and phoned but never got an answer back...where would I find a Phoenix location at? Thanks for the info. Linda

Update by Lollypup
Apr 07, 2010 6:42 pm EDT

What is NACA? Sounds good...I, to, o went to the convention in Phoenix and it was a media spectacle with no positive results for attendees...please advise on this blog as to contact and details for NACA so all of us in the sinking boat of Wells Fargo may benefit and THANKS for the information.
Linda

Update by Lollypup
Apr 06, 2010 2:06 pm EDT

Wells Fargo loan modification issues? Contact Tony Sturm office of the president of Wells Fargo Home mortgage loans [protected] ext 45972.
We have to continue to mount ongoing pressure via phone now...no one will give us an email address so we can correspond and have their misstatements in writing from them...chickens.
Good luck. File your compaints with your state attorney generals office now. Also contact your state and federal legislators... you can find them all online...email and phone to let them know about this boondoogle...is it outrageous what is going on to good tax paying American homeowners with these banks that took our tax money to bail themselves out and now will not help us in return...
Linda D

Update by Lollypup
Apr 06, 2010 1:58 pm EDT

None that I know of...file a complaint with your state of Florida attorney generals office. Contact all your local legilslators and let them know via email that you are not having any success with the HAMP program or Wells Fargo for loan mod...we must speak in volumes and loudly if we want to get this ongoing mess at least somewhat resolved.
Contact Tony Sturm at the office of the president of Wells Fargo Home mortgage dept. He is handling attorney general complaints...
But file the complaint first...you can file your complaint online with your state's website in Florida...I would do so asap.
Tony's phone is [protected] ext 45972...tell him I sent you and I am Linda DePaolo...I am giving everyone this phone number in hopes that enough pressure will make them get their stuff together...so far...not happenin... but someday perhaps...good luck...I feel your pain. I have been at this sinc 1/12/2009...no resolution yet and I am a prime candidate...disabled widow. Linda

Update by Lollypup
Apr 02, 2010 9:47 am EDT

Well, after one year and three months, it gets worse. Not only did my HAMP loan get not approved after being told in January it was, it was denide because my house had lost too much value, I live in Phoenix, it is the mecca of house value losses over the past 2 years...so know I owe them money for the escrow account, they paid my first 1/2 taxes, and are demanding payments of $1, 505. a month, my original loan was $1049. so not only do I NOT have a loan mod to reduce my mortage, I have a new payment which is $500 above my original loan paymen. This is outrageous. I have filed another cmplaint with the State of Arizona attorney generals office and the state legislature. Judy Burgess is trying to work it out for us here in AZ but it is a federal program...so a real mess for sure. Keep fighting. I am ...best to you Linda

Update by Lollypup
Feb 16, 2010 9:39 am EST

FOLKS, We need to take a stand, enough is enough..LETS join together and make noise withthe federal government, congress, the people that voted to give them our tax payer money to bail them out...
The banks/lenders have us giving them TARP money to bail them out of a bad financial situation...however, in return, when it comes to helping the same tax payers out as their borrowers, to help us in a bad financial situation, these same lenders just blow us off...do nothing, stall, missmanage, on going, month after month, force families out of homes, cause deaths/suicides and health issues...
Why should they help us when they can just help themselves to more of our tax payer dollars to cover their financial losses...THIS IS OUTRAGEOUS.

I need emails and letters so that I can start a bigger process. I want to go to Congress...I am a disabled widow, with my soc sec income, but I am willing to fight !

My email is lollypup@fastmail.net. NO solicitors/spammers please...IF you have been fighting for a loan modification for 6 months or more, from any lender, I want your emails, with your name and lender and story...return email is helpful...I am not looking for your personal information but enough that your story can be considered valid by the powers that be as I compile cases of outrageous lender behaviour, and try to make a case for all of us. Could use any help out there...

LETS fight this together...as individuals we will get nowhere... we are all currently experiencing getting the shaft...but if we band together in numbers that are impressive enough, we can get the attention of someone...I will continue until I find that someone, via the press, legislature, state government, anyone willing to listen.
ENOUGH IS ENOUGH...
Thanks for your help. Linda D

Update by Lollypup
Feb 16, 2010 9:29 am EST

Well folks, I guess I got the cart in front of the horse. I was told 4 months ago that my loan modification, HAMP program with Wells Fargo was approved and that I would be getting documents int he mail within a week...That was at the end of Dec. ...they never came...I contacted my Wells Fargo loan mod representative Ryan Lem. He advised me that my file had been moved to another representative that would be helping me now. So we start over...now I am into this application 385 days, almost 1 year and a month. I get my new representative in mid January. He, too, advises me that Wells Fargo has approved my loan modification and that I would be getting paperwork within a week, that was a month ago. No paperwork. He advised the investor, which is Freddie Mac, still had not rendered their decision, so there is a delay. It is interesting because last summer when Wells Fargo put on their big dog and pony show here in Phoenix to "HELP" loan modification borrowers, which by the way was a total bust, I went to that forum, filled out the same loan modification application, provided the same financials etc and was told at that forum in summer of 2009, that Freddie Mac approved my loan modification and I would be getting paperwork within a week, that was 7 months ago...SO the bad news is this, I paid my trial payment loan payments of $887.21 for Oct and was advised in writing from Wells Fargo loan mod reps to continue to pay that same monthly payment ongoing. I did so, on time, the full $887.21. I got a delinquency notice from Wells Fargo at the end of last week. I called and called and finally got NATE from loss mitigation on the phone, he is a senior rep in that department. He advised me that there was no notes to indicate that I should pay the $887.21, that the payments I sent were in suspension and not applied to my loan, even though Wells Fargo took the money from my checking account on the due dates...I received nothing in the mail to indicate a change of payment, and now they say I am in pre forclosure...FANCY THAT !
Here goes another complaint with the attorney general of Arizona...this is outrageous, they are demanding I pay them $1, 688.71 by 2/12/2010. I received that demand letter on 2/11/2010...boy that is alot of time to respond. Then, I could not get thru as their offices were closed last week due to inclimate weather... They ought to be ashamed.

Update by Lollypup
Oct 28, 2009 6:38 pm EDT

Well, I have spoken with the investigative team at the state of Arizona attorney generals office today. They are asking folks to contact them at the attorney generals website and start a complaint asap. They are considering filing some charges against Wells Fargo and are asking for those who live in AZ and have had these loan mod issues to contact them by filing an online complaint. They will then contact you for details. I have agreed to testify if they do pursue Wells Fargo...so get busy and we may prevail. Thanks for all your comments. I am emailing the attorneys this blog web site link today. Lollypup

Update by Lollypup
Oct 19, 2009 12:39 pm EDT

Get your attorney general involved. That is their job, to protect their citizens from businesses that are not performing properly or legally. We got WF on the radar screen in AZ with the complaints we filed against WF and their practices. Why do they need to hire a 3rd party if they have your information already? FILE with your state attorney general and get the press involved. Best of luck...I have a loan mod and the paperwork, finally, after having the press hound Dawn at the president's office in Fort Mill for me. Linda

Update by Lollypup
Oct 12, 2009 12:25 pm EDT

Contact your media, TV stations, that is getting Wells argo responding...by Media complaints. I have channel 5 here in Phoenix that is covering both Wells Fargo and B Of A on their loan mod issues. Wells Fargo sent me a second packet of 3 month trial period documents in the mail this week. Dawn, who is located in the VP's office, sent them overnight mail and promised to have a letter stating that I would not have any negative credit reporting if I participated in the HAMP program. So far, unfortunately, that part of our agreement has not shown up. I WILL NOT sign or agree to anything that has a derogatory mark against on my credit bureau. I have worked my beeee hind off to stay current and am not willing to trash my credit report now ! We will see if she is going to make good on once again... a verbal promise from WElls Fargo management !
Anyone wanna wager on this? Linda

Update by Lollypup
Oct 08, 2009 7:11 pm EDT

OH MY GOD !Cara, or Jason, or who ever is following the loan modification story for Wells Fargo at your channel 5 news station here in Phoenix... you will not believe the phone call I got today, just a few minutes ago from Alma at [protected]...

She was calling from Wells Fargo Home Loan mortgage division to remind me of a $4, 000.00 balloon payment I had due...based on the loan modification I received...
What a bunch of garbage...I HAVE NOT nor did I sign to agree to any form of loan modification yet.. I only got the trial period offer, back in Auguast, that I was told not to sign or send in because I had an appointment at the Phoenix forum you guys had them put together...So I did not sign or mail that trial period offer paper work in. I still have it.

Then I went to the forum, I spoke with Linda Ellison, the negotiator, she said I got a loan modification down to 4% interest rate, for 40 years... she would sent documents the following week...papers that I never got. So I called and called and they never called me back.
Then I got a letter a few days later stating that I was back in review and would be notified in 60 days of their decision, so OKAY back to square one. SAMO SAMO

You can imagine my SURPRISE to get this phone call today from ALMA... I have no idea of what they are talking about. Alma said it was what I agreed to with the negotiator and this is absolute false... NO WAY do I have any signed paperwork to that effect, and would never have signed anything agreeing to a $4, 000 balloon payment, are they crazy!...WHAT IN H--- is going on with them?
THIS IS out of control !

Please, PLEASE... follow up, thanks Linda DePaolo

Update by Lollypup
Oct 07, 2009 12:43 am EDT

It is awful...I have been submitting complaints with the Attorney General in Arizona, so that is a start, file a consumer complaint against Wells fargo in your state...with your states Attorney General. They usually have a way to do it online...at least you get their attention, for what it is worth...I harass them all the time as they promised me a loan modification at that forum last month here in Phoenix and and alot of us have never gotten anything more than that verbal promise, no changes, no paperwork and so it was all phony in my opinion...big show and NO go !

Update by Lollypup
Sep 24, 2009 11:29 am EDT

Please elaborate, whistleblower, on your "CROOKS" ... I would be interested in hearing what your experience has been. I am sharing all this with our channel 5 news cast here in Phoenix, they have a blurb almost nightly about the Wells Fargo situation here. Last nights news cast had several people in the same boat as I am, promised a loan modification at the forum with a big bravo...and now NOTHING... Thanks for the comment. Linda

Update by Lollypup
Sep 22, 2009 12:09 pm EDT

The foum was a sham. I was verbally promised a loan modification from Linda Ellison, their loan mod negotiator, I was suppose to get new documents on Tue. Sept 15th, which has come and gone. I phoned and left several messages as to where my documents were, Now I get another form letter stating that my request is in the review process. AGAIN, it has been there for 9 months already and that they will get back to me in 45-60 days with a response. GREAT...what a big sham that was ! Linda

Update by Lollypup
Sep 17, 2009 12:14 am EDT

Thanks, the issues are so similiar from everyone I have heard from...I started this blog in frustration and am glad to hear from folks, even if they have such rotton luck stories to share...thanks again, Linda

Update by Lollypup
Sep 16, 2009 1:30 pm EDT

A return email from Barbara Boxer of California for all you California loan mod victims

Thank you for writing to me regarding the difficulty you are experiencing with your lending institution. I appreciate hearing from you on this important matter.

In California alone, more than 236, 000 homes were lost to foreclosure in 2008. In our state's largest cities, home values have dropped over 35 percent from their peaks, leaving many families owing more than their homes are worth. For thousands of Californians, it may seem as though there is nowhere to turn for relief.

If your financial institution is federally regulated, my office would be happy to assist you individually by drafting a Congressional inquiry on your behalf and submitting it to the financial agency that regulates your lender. If your lender is regulated by a state agency, your correspondence will be forwarded to the proper state regulatory agency. It is solely up to the discretion of the state agency to communicate with your lender with the hope of modifying your loan. As a policy my office process cases in the order in which they are received. Due to the high volume of Congressional inquiries and the thorough review of forwarded material, such inquiries take as long as three months to resolve, and there is no guarantee of a favorable resolution.

Fortunately, the ability to open an inquiry with a regulatory agency is not solely the prerogative of a United States Senator. You may bypass the time-consuming process of a Congressional inquiry and contact your lender's regulator directly. If it is concluded that your lender has violated state or federal regulation, the regulator may intervene on your behalf and mandate a loan modification.

To find a list of regulators and contact information please visit: http://boxer.senate.gov/services/consumer/foreclosures/

If you still wish to request a Congressional inquiry, please submit a signed statement addressed to me that summarizes your difficulties. Please also include the full name of your lender and any relevant loan information to:

U.S. Senator Barbara Boxer

1700 Montgomery Street, Suite 240

San Francisco, CA 94111

Again, thank you for writing to me. Please feel free to contact me about this or any other issue of importance to you.

Barbara Boxer
United States Senator

Update by Lollypup
Sep 16, 2009 10:40 am EDT

Looks like that VP from the Malibu home incident has been fired...I would think further charges would be in order, like trespassing and vagrancy? Another concern now is that at the forum here in Phoenix, I got a verbal reduction in my payment and interest rate, was suppose to get documents yesterday but nothing came ! Hope I was not hornswaggled ! Will follow up today and see if anyone remembers me from that forum last week...Linda

Update by Lollypup
Sep 12, 2009 11:46 am EDT

Thanks, I will pass this along to our channel 5 news here in PHoenix ...our state initiated charges in court against Wells Fargo and that was how we got them down here to do this big forum one on one with customers...they were in trouble in AZ.
Thanks again and best of luck. Demand a forum like Phoenix, you get a modification immediately.NO 3 month trial NO credit report dings...

Update by Lollypup
Sep 08, 2009 8:17 pm EDT

I would contact your state attorney general, the local press, and start shaking bushes all over, email your state legistators, everyone that has an email address or a phone number in your state, plus the State banking/finance overseeing department. The lender will blow you off, offer you deals and then dump you...There are other programs, I would try to find out who your INVESTOR is, not the lender or servicing agent for your loan. You may need to go directly to the investors and negotiate a longer mortgage time frame, 40 years, and a lower interest rate. The investors will require the impound accounts for insurance and taxes, which may raise your over all payment per month, but at least your principal and interest payment could be less. Hang in there !

Update by Lollypup
Sep 08, 2009 8:12 pm EDT

Well, the Phoenix loan modification forum was superb. After 7 months of no answers and the run around, within in 30 minutes of being there, I had what I had wanted from the beginning, a permanent 2% drop in my loan interest rate and a much lower payment, with no requirement for a 3 month trial period or bad reporting information on my credit file ! There is hope. If you live in or near AZ and can get to this event, do so asap, It is either by appointments or walk in. Many of us were smiling when we left there, it was worth my time, obviously, and could be worth yours. ! Linda D

Update by Lollypup
Sep 02, 2009 12:43 pm EDT

Better web address for the Wells Fargo, Wachovia loan mod event in Phoenix is:
https://www.wfhmconsumerevents.com/aspx/Events/Brochure.aspx?EventID=2203
Linda

Update by Lollypup
Sep 02, 2009 12:42 pm EDT

There is an event coming to Phoenix that folks with Wells Fargo loan issues should plan to attend, it is free, for 3 days at the Phoenix Convention Center, where you meet with a person and not just someone on the end of the phone to get resolution, hopefully. I urge everyone that can attend, sign up for an appointment on this link asap:
https://www.wfhmconsumerevents.com/aspx/splash/LTWH_Selection2.aspx?ltwhcode=wfhm. Linda

Update by Lollypup
Sep 01, 2009 9:45 pm EDT

That is Cara Liu from channel 5, KPHO TV, and not the Cara at Wells Fargo, do not want confusion about the information. Cara Liu is following Wells Fargo closely, she has our back !

Update by Lollypup
Sep 01, 2009 9:42 pm EDT

Watch Channel 5 news tonight 9/1/09 at 10 pm for additional information from Cara on Wells Fargo home loan mod program ! Linda

Update by Lollypup
Aug 29, 2009 4:42 pm EDT

Thanks, I just emailed Cara and channel 5 news here in Phoenix, a reporter here has been covering Wells Fargo ...I am going to report them to the Attorney General and Better Business here in AZ. Keep this ball rolling, we are getting the brunt of this mess with no help from anyone ! Linda

Update by Lollypup
Aug 29, 2009 2:14 pm EDT

THANKS ! Linda

Update by Lollypup
Aug 28, 2009 2:19 pm EDT

Lucky you...after 8 months, I got my loan modification paperwork...they report you late to the credit bureaus even if you have never been late and are not late on the new payments...so that is bogus ! How can they report you late if you are not and have not been, anyone know? I am quetioning them but no straight answers yet...What a boondogle...they say to make the 3 trial payments, they will report you late, and cannot guarantee that at the end of the 3 month trial period that you will get the loan mod. So you screw up your credit report and ruin any chance of participating in other programs or refi's...this is fraud in my book, report what is not true. Linda

Update by Lollypup
Jun 29, 2009 3:57 pm EDT

You have my sympathy for sure. I called them today and at least they are going to remove the required impounds account which raised my current monthly payment a bunch, unless I get the loan modification approved...Could not believe they did that...they apologized at least.
Take care and thanks for the input. Linda

Update by Lollypup
Jun 29, 2009 10:54 am EDT

Thanks George for the link...seems like they have lots of issues. I did not find anything pending in a lawsuit regarding their phony loan modification process. We will still need to get this wheel in motion. Enjoy your day ! Linda

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Kim Barranco
, US
Apr 22, 2022 10:30 am EDT

Modified in 2009, and what do you know FHA loans has a new 40 year mortgage!. But wait I was given a 40 year in 2009, I just found out.. If it's new then why have I had one for 11 years? Any helpful words?

Bluloony
Bluloony
, US
Jul 15, 2016 6:55 am EDT

I have told this story so many times and not a single sole on earth is willing to listen. Please someone look at this website ( wffraud.com ) about Wells Fargo I made on 7.7.2016 and continue to update until the pain and destruction Wells Fargo has created in my life goes away.

Thank you,
William Bentz

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Sammy James
,
Oct 29, 2007 12:00 am EDT

In June of 2007 GMAC sold the mortgage on a vacation home I own to ASC. Since then they have harassed me daily with letters and phone calls saying I am delinquit on my loan. The problem is I have never even made a payment late. I have talked to 8 or 9 different people trying to get this straightened out. Now they have reported me 30 days late to the credit bureau affecting my good credit. No amount of calls or faxes gets a response. These people are beyond incompetent, they are down right crooks.

And the company is owned by Wells Fargo!

WFHMdestroyer
WFHMdestroyer
, US
Nov 18, 2015 9:19 am EST
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And, by the way, I am going on You Tube with this. I encourage everyone to do so, but avoid showing your own faces and addresses. DO NOT BACK DOWN! DO NOT ALLOW THESE ECONOMIC TERRORISTS TO INTIMIDATE YOU OR GOVERN YOUR LIFE WITH THEIR FRAUD. THEY ARE RIGHT HERE IN OUR BACK YARDS AND ARE SUPPOSEDLY FROM THIS COUNTRY AND ARE TERRORIZING HONEST, DECENT CITIZENS WHO PUT THEM WHERE THEY ARE, UNFORTUNATELY. WRITING YOUR CONGRESSMAN OR SENATOR IS A HUGE WASTE OF TIME AND ENERGY. THEY DONT CARE! WE ARE GATHERED HERE TOGETHER IN THIS FORUM AS A RESULT OF THE SAME FRAUD WHICH IS, NONETHELESS, A CONSPIRICY OF THE UNITED STATES GOVERNMENT TOGETHER WITH THE FEDERAL RESERVE BANK AND THE "BANKS" ARE SIMPLY DEALERS TO PROMOTE, BROKER AND EXECUTE ECONOMIC AND SOCIAL-CLASS TERRORISM. It is clearly time to get righteous on these crooks! Wells deserve nothing less than to lose everything and be cleaned out and dismantled. Citi Mortgage is ultimately the worst, but they are all the same bank under different names. Many of these banks own shell-companies using Aliases. I would suspect that Citi Bank and/or Wells and other American banks could be linked to the financing of terrorism overseas and I don't mean just the U.S. Military. It is ugly and bigger than we all want to know, however, we the people are the only ones who can change it non-violently or violently. This country was founded on slavery, violence, deception and taking from others. That's what it's about. Capitalism is gaining from someone else's loss. Who said anything about ethics? There is responsible, ethical capitalism and bad capitalism. It's the practice of the latter that this country was built on and still is. Fight it and do not submit to them. We are all stronger and smarter than that and we individually and collectively have potentials that the system does not want you to understand about yourself, which is, that you and me have unlimited potentials! The establishment is always there to dictate and intimidate. This government can take its banks, insurance companies, oil companies and religion and shove them up its crooked a$$hole

Nobody is my president or ever will be. Vote for who? Which deceptive, out-of-touch, spoiled rotten, power-hungry, greedy a$$-wipe? Never again...

WFHMdestroyer
WFHMdestroyer
, US
Nov 18, 2015 7:47 am EST
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Wells Fargo Home Mortgage is at the top of the mortgage-crime list along with Citi, U.S. Bank, Bank Of America and many others. There is absolutely no faith to be had in Wells Fargo and there is no reason to cut ANY of these banks ANY slack.

I was sold a fake mortgage in '06. I signed on a 30- year fixed and Wells Fargo took the original documents and fabricated new documents to make it look as if I had purchased a 2-year fixed and a 28-year a.r.m. at 7.95% interest. I did not know this for two years and called them out on their fraud. They refused to rewrite the mortgage and I told them that if they didn't change it back to what I was buying (30-year fixed at 7.375%), which was already bad enough. That I would tear down the house. They stated, "NO ERROR OCCURRED". I begged to differ. I simply told them that I control half of their investment and they can view it how ever they saw fit, however, I explained that they cannot come onto the property or control anything associated. In other words, I stated that if they did not change the mortgage back to what I purchased, that I would dismantle the entire property and haul it all elsewhere. I promised to dismantle the house, clear-cut all the timber and fill the well and septic with concrete and then I'll quit paying and give them a worthless property back to whatever they want. I told them that if they don't change it, that I WILL tear down everything, sell it all and keep the money and cut my losses and that there is nothing they can do about it. In fact, I told them I would film it, use everyone's names and begin the series on You Tube. They finally agreed to modify it rather rewrite it and I kissed their a$$ intentionally and got the bogus modification. I did so because they modified a fraudulent mortgage to begin with and it still stands.

Again, all of the documents in my mortgage are a manufactured fabrication and after nine years, I now have a mortgage fraud investigator working for me and the table is about to turn. Some [censored] named Terry Raines, who is a top executive at Wells, clearly stands by the existing mortgage which is fraud and there is NOTHING ABOUT WELLS FARGO THAT ISNT FRAUDULENT. They ultimately need to be dismantled all together. Wells Fargo sold off my mortgage to Citi and it was bundled into a trust loaded with fraudulent mortgages. The trust assignee: U.S. Bank N.A., had nothing to say to me. Research shows that the trust which my fake mortgage is a part of, has previously been sued by the Feds twice for over hundred million dollars collectively and the trust is somehow still valid. If it is still valid, I plan to sue it for my fraudulent mortgage. The way I see it, Wells can camel the note and the house is going to be mine and then owe me my money back and ALL OF IT and I'm going to charge them 3.75% interest in my money over the last 9 years.

I'm about to expose them for my fake mortgage and so far, they have applied $150, 000 of my payments over 9 years to interest and only $9, 000 has been put toward the principle. I will get justice one way or another and I plan to expose their fraud in any way I possibly can to keep others from having their entire financial life compromised or ruined by Wells Fargo Home Rip-Off.

PLEASE NOTE: the telephone number posted for Wells Fargo in Peoria, Arizona that is posted at the top of this thread, IS WRONG! That number belongs to a private, unknown, innocent citizen in Oregon who has nothing to do with WFHM whatsoever. Therefore the number should be removed and replaced with a real Wells number.

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1mio
Indian Wells, US
Apr 13, 2013 9:23 pm EDT

I tried doing a loan modification with Wells Fargo Bank. I submitted all the paper work on a timely basis. Then within a month after submitting it I was requested to send it again because the information I sent was to old. I then submitted it a third time. They had put my house up for the auction for March 6 2013. Again they request more information because it was being transferred to a different department for review. I had all of the information sent as they requested. I had all of the required paper work to them on March 5 2013. The next morning I was told by the bank that the paper work was received. They went ahead and put my house up for auction anyways. In within a few hours of knowing the house was up for auction I was advised that it had been sold. What I went thur to get the information they requested and they acted like they did not care and did not want to work with me on the loan modification that I was applying for. What a disappointment after all of the hard work to gather all of the documents to present to them. Im an over the road trucker and was telling my wife over the phone and internet what I needed. Does anyone know of a recourse that I would have against Wells Fargo?
Thank You
Gary

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BhavikHari
, US
Apr 06, 2012 5:52 am EDT

I have applied for Refinance at Wells fargo. My loan processing officer was answering my phone message once in a week. First month I was begging her to start processing my loan so I can get better rate but she wait until last days. Than she went to vacation when my lock was expiring. So I called team manager He didn't answer phone or email(even his answering machine was telling that for better service email). I have to pay rate extensional because they didn't process lone and rate went up. They trap me. They were able to approve my loan before my lock expire but they didn't do that. I have all email and phone conversation with them. If you need more information with loan officer name and Team Manger Name and Team leader Name please don't hesitate to email me with Subject "Wells Fargo" I will give you free advice. If you have same experience and want to fight with them then also email me. They treat me very bed even manager can't answer my all question. I think They have policy We are always right and Customers are always Stupid.

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pandamommy80
Richfield Springs, US
Feb 22, 2011 11:38 pm EST
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Better yet...contact your local congressman! It worked for me and it worked fast!

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mamacats
Rockville, US
Feb 22, 2011 9:46 pm EST
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We've contacted a Debt Relief Attorney

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pupshor
New Paltz, US
Feb 22, 2011 9:40 pm EST

Wells fargo DOES NOT own your mortgage investors do! Therefore they cannot modify any loans! Therefore they also have no standing to foreclose on you, fight them!

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Wells Fargo nsf fees due to on hold deposits

I made a deposit to my account at a branch (in person) and was told on my deposit slip as well as from the teller that the deposit would be credited the next business day because it was in the morning. Well the bank screwed up and held it for 2 business days causing 13 NSF fees. The bank recredited my account however now every time I make a deposit that is not a direct deposit, those funds are on hold for two weeks due to too many NSF fees. I wasn't even notified of other deposits being on hold until 2 days later. Those holds were not properly notified at the time of deposit. Causing more NSFs. What crap. I can't wait to cancel my direct deposit and close out that bank accounts - which I have 3 with them.

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wellsfargosucks
, US
Jul 01, 2009 2:55 am EDT

wells fargo does all that stuff on purpose they will rip u off someone needs to sew them!

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Wells Fargo poor customer service

i was dealing with Well fargo mortage consultant of knoxville TN, for refinancing of my home for over 3 months awaiting anxiously and providing all necessary information to get my loan approved, last month i received letter of approval with all the details of my loan, last week i was told that they cannot proceed further and disapproval my loan. Instead of asking more information they just totally denied my loan.
This is terrible, i have wasted three months and suddenly they disapproval my loan after approving it. makes no sense, poor service. I have left several messages to this loan consultant but no reply what so ever..

Mortage rates have gone up recently and i think that's the main reason they don't want to do it at the rate they have offered me earlier.

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Wells Fargo continued over charge

I to believe we should have a class action lawsuit filed against ASC/Wells fargo. I have been in a trapped in a mortgage loan with Asc for three years. I have never missed a payment now that I am expeincing hardship Asc has not lifted a finger to help or modify my loan in spite of the law put fouth by Obama. I have been trying to get a modification since February of 2009. They are making a forture of my payments and dont want to let go. My mortgage rate is a 9.1 My payment is $ 3543.26 and only $125.00 is apply to my 460, 000 principal balance. Here it is july I"m sorry to report all my payments are current though my property is upside down despite my income is hanging by a string due to budget cuts no relief in sight. Asc has only offered short sale and months of more payment before they respond to calls for HELP

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Lilly from Long Island
Lindenhurst, US
Sep 22, 2009 3:24 pm EDT

WELLS FARGO basically told my friends -- tough luck -- do a short sale and good luck! They armstronged people into ARM and now don't give a crap about making them homeless. If you aren't a single parent and still have a job, regardless of your financial situation, you are screwed. The answer is a simple NO to refinancing or any modification -- they got you to pay the interest for years, but no equity and then throw you out to the street. It's the New Wells Fargo American Way! Where are all those American Lawyers who can stand up and help the real middle class that work and try to stay in the picture? Why aren't they coming to the aid of those that are being bullied out of there homes by WELLS FARGO?

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k york
northwood , US
Jul 06, 2009 6:39 pm EDT

i have alot of issues with asc/wells fargo with a loan modification that has been going on for over a year, they put mortage rate at 10.67% then through a modification drop it to 5% but want to add $21, 000.00 interest and pentalties to the end of my loan(which to me is interest on top of interest)plus a large payment. i am trying to find an attorny to file suit against them.

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Wells Fargo overdraft fees

Wells Fargo should be investigated by the US government, They are ripping us off.
Here's how they rip people off every day and make millions off of us.

Let's say you go out and use your bank card and make purchases at 15 locations in 2 days. Okay now you having pending charges for 15 purchases. That money has now been set aside for for those 15 purchases. You can no longer touch that money. But the bank can use for what they want.

Here's where they are ripping us all off! If you have a electronic check go through your account, They bump it to the front of the line. They take back that pending money and use it on the check, Then they charge you a bounce charge for all the 15 items that were pending. Instead of charging you for the 1 check they get shady and use that pending money you can't touch. That can add up to $525 in fees. That's a car payment, food, bills...
So how do they get away with taking that money from the Pending charges that you can't use for anything else and use it themselves for something other then what it's already pending for?

So they are making Hundreds of Millions of Dollars off of us and what is our government doing about it? Nothing. And in today's times with money being tight, It sucks to be ripped off by our own banks.
These banks should be forced to pay back all the money they have been stealing for years.

David Snelling
California

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Update by socaldave
Jun 20, 2009 8:50 pm EDT

Well my credit union has never done this to me. Let me make it easier for you to understand..

You spent money on 5 items, They take that money and set it a side. You can't touch it. Those are paid. And electronic check goes through a day later. They take back all that money and reuse it on the check.

So tell me how can it be fair that they don't bounce that item, But the take back the other money and clear the check and bounce the rest... I can deal with the one mistake, but when the move it to the front of the line and you end up paying 5 times what it should be, they are robbing us

I never said you shouldn't pay for a mistake, I just want to be clear and how they get away with ripping people off.

Update by socaldave
Jun 20, 2009 8:40 pm EDT

Your not getting the point.. that money was already set a side for the pending charges, they shouldn't be allowed to take it back and reuse it so they can cause so many charges. I never said I shouldn't be charged for that 1 item, I'm saying they shouldn't take money back that's being used for already pending charges. And that's how they get you.

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Garima A
Santa Clara, US
May 17, 2014 2:48 pm EDT

Me and my husband are planning to buy Condo/Townhouse in Milpitas. We applied for loan from wellsfargo and put a loan contingency on our house deal. Wellsfargo Gave us loan approval letter and we removed the Loan contingency after verifying from them 2 times via E-mail and 2 times on call. After removal of Loan Contingency
Wellsfargo comes and says the whole Community requires flood insurance for 69, xxx, xxx $. We got a Certificate from City of Milpitas stating the community is not in a Flood Zone. FEMA map says it is not in the flood zone. HOA documents says it is not in Flood Zone
However Wellsfargo has chosen to refuse all these documents.
We are now stuck with our approx 21000$ in Escrow Account and also removed all contingencies .
What bothers me the most is that if this was an issue why did the wellsfargo not do investigation before giving us the LOAN COMMITMENT LETTER. Due to their negligence .I am under such a mental stress . I cannot afford to loose 21000$. Sellers are being un-cooperative with us too.
Wellsfargo is refusing to take any responsibility for this. They do not receive calls and we are being treated so badly.
Can someone please help us. Is there anything we can do.
This is the worst bank and request all my friends to not bother to apply mortgage from here ever.

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378180
Los Alamos, US
Jan 20, 2010 10:33 am EST

I usually try to look at the positive and see what good is people. Wellsfargo, however, just made me loose it. THEY SUCK. their customer service is non existent... Save yourself and bank with another institution...

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Wells Fargo unauthorized withdrawal

I will agree that the account is overdue, but Wells Fargo took a payment from my checking account without my permission and it set me back about $800.00. I am without any money this week because once my check was deposited in the bank, the overdraft fees ate it all. Then I had to go get money from somewhere else to deposit so funds would be there to cover transactions that were already scheduled to come out. They wouldn't even try to expediate the return so I wouldn't incur anymore overdrafts. I am literally broke this week and there is no food in my house and I will have to borrow money to get to work next week. Wells Fargo is full of it.

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kaylagray08
vancouver , US
Aug 07, 2009 10:14 pm EDT

wells [censored]o can do that once you hit 30 days past due but they can only do that if you have a checking account with them. they cant from any other bank and if you have a wells fargo credit card with them then they cant do that. so if you do have a credit card attached then you should be able to get your money back because they cant pull it out if you do.

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Wells Fargo invasion of privacy

For all the people that have accounts with Wachovia, and you have a credit card debit taken out every month (going to Wachovia) you might want to pay attention to this. I have 3 credit cards that I have done this way. I have it setup to pay a certain amount every month, Wachovia pays them, I don't have to mess with it. THIS is what I want you to PAY ATTENTION TO. I checked out one of my credit cards and there was a problem. I went back to the top of the page and clicked on HISTORICAL statements. Guess what came up? My Wachovia BANK STATEMENT. I was in shock. I could not believe what I was seeing. My credit card company had NO BUSINESS looking at my bank statement. It looked just like the one I pull up any time I want to including whom I have paid and who has paid me. I called Wachovia and they said they had no control over that. I would have to contact the credit card company.
I had never seen a page or site or whatever it's referred to as that my bank statements were on. All around the page were sites you could go into. It looked like they were selling peoples (my) information. I really don't know. I had to look many hours to find that information. Has anyone else seen this? If anyone know's
what I saw, please contact me. I call it an invasion of my privacy. But, what in the world are these people doing with it? If you know any thing about this, please contact me: [protected]@bellsouth.net Thanks, saszy

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Wells Fargo overdraft

wells fargo is a over draft excuse bank. if your account is in the negative, they will let a charge go through thuss incurring a additional 35.00 charge. do not bank with them. i will be switching to bank of america.

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Manuelb
, US
Oct 28, 2009 11:35 am EDT

Here's one for everyone! I was told by a Wells Fargo manager that if you deposit cash on the same day you notice your account is overdrawn, your deposit will be the first entry prior to any other charges for that same day. I looked up my account the next day I deposited $400 to cover about $200 of the online overdraw and what I saw shocked me more than anyone can imagine. Wells Fargo charged me over $350 of non-sufficient funds ($35 x 10) for 10 little items such as Jack in the Box charge of $6, $5 for Pogo game, etc. Wasn't there a law that was just passed that a bank cannot charge $35 NSF for items less than $10 or something like that? $350 bank fee is robbery. No wonder everyone is having it tough and we can no longer afford to live in this Country. Our banks are ripping us off. Maybe we are better off putting our money under mattresses. At least, our money will still be there the next day. I know they'll say if you don't like banking here, go elsewhere! I will...

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Wells Fargo wrong car make and model listed on loan

I bought an Isuzu Trooper for my daughter and financed it thought Wells Fargo. Near the first of the '09 I refinanced the vehicle for her financial convenience. This adjustment was with the branch in Cookeville, TN.

During this procedure I asked the manager about financing my Honda which was paid for with a ARM. Because of a disputed account on my Credit Report I requested this process be put on hold until I could complete the removal process. I never contacted Wells Fargo again due to the change since management had changed hands.

The account on the Isuzu has my Honda listed as the financed vehicle ... My Honda cost $16, 000 so it is not included in the single account of $5000 financed on the Isuzu. I am eager to have this corrected. I talked with someone about this problem last month and they avowed to have it corrected by this month. . . It is not and I am not comfortable with making a payment on a loan that is incorrect on many levels. I am confident the late fees will be removed and a correction will made.

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Wellsfargosuckscock
Scottsdale, US
Feb 19, 2010 2:22 pm EST

WFAF is horrible. I say we all complain to our states AGs until they perk up!

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Wells Fargo refinance rip off

We called Wells Fargo for a Refinace .Was told right off before we got into anything else that they could lower our bill 40 a month without the closing of [protected] bucks .free
sounded good for paying noting but it would of started our mortgage all over again all them years lost .Was Going from 6.3 to 6.2 .WTF .The cost to us would of been $26, 000 for the $40 a month savings of $2, 400 .I can't belive this is going on after all that is happing in this country from this type of stuff we learn noting. It is why this hard republican looks and say to them dem do what what ever you like to these people .I will not stop you I'm to mad.

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Wells Fargo Customer Reviews Overview

Wells Fargo is a financial institution that has been in operation for over 150 years. It is one of the largest banks in the United States and offers a wide range of financial products and services to its customers. The bank has received mixed reviews from its customers, with some praising its customer service and others criticizing its business practices.

One of the positive points of Wells Fargo is its extensive network of branches and ATMs, which makes it easy for customers to access their accounts and conduct transactions. The bank also offers a variety of checking and savings accounts, credit cards, loans, and investment products that cater to different financial needs.

Another positive aspect of Wells Fargo is its online and mobile banking services, which allow customers to manage their accounts from anywhere at any time. The bank's website and mobile app are user-friendly and offer a range of features such as bill pay, mobile check deposit, and account alerts.

Wells Fargo has also been praised for its customer service, with many customers reporting positive experiences with the bank's representatives. The bank has a dedicated customer service team that is available 24/7 to assist customers with their banking needs.

However, Wells Fargo has also faced criticism for its business practices, particularly in relation to its sales practices and the opening of unauthorized accounts. The bank has been fined by regulatory authorities for these practices and has faced public backlash as a result.

Overall, Wells Fargo is a reputable financial institution that offers a range of products and services to its customers. While it has faced criticism for its business practices, the bank has also received positive reviews for its customer service and convenience.

Wells Fargo In-depth Review

Overview: Wells Fargo is a well-established and reputable bank with a rich history in the banking industry. As one of the largest banks in the United States, it has built a strong reputation for its financial services.

Services Offered: Wells Fargo offers a comprehensive range of banking services to cater to the needs of individuals and businesses. Their services include personal banking, business banking, loans, mortgages, and investment options. Whether you need a basic checking account or a complex business loan, Wells Fargo has you covered.

Accessibility: Wells Fargo ensures that its services are easily accessible to customers. With a vast network of physical branches across the country, customers can visit a branch for in-person assistance. Additionally, Wells Fargo provides online banking and mobile apps, allowing customers to conveniently manage their accounts from anywhere. Their customer support channels are also readily available to assist customers with any queries or concerns.

Account Options: Wells Fargo offers a variety of account options to meet the diverse needs of its customers. From basic checking and savings accounts to specialized accounts for businesses or students, they have a range of options to choose from. These accounts come with different features and benefits tailored to specific customer requirements.

Fees and Charges: It is important to consider the fees and charges associated with banking services, and Wells Fargo is transparent about its fee structure. While there may be account maintenance fees and ATM fees, Wells Fargo provides detailed information about these charges, allowing customers to make informed decisions. It is advisable to review the fee schedule to understand the costs associated with specific services.

Interest Rates: Wells Fargo offers competitive interest rates for various types of accounts and loans. By comparing their rates to industry standards and competitors, customers can assess the value they receive. It is recommended to explore the specific interest rates for different products to make informed financial decisions.

Customer Satisfaction: Customer satisfaction is an important aspect to consider when choosing a bank. Wells Fargo's customer satisfaction can be evaluated through reviews, ratings, and feedback from its customers. While there may be positive experiences, it is essential to consider any negative feedback to gain a comprehensive understanding of the bank's performance.

Security Measures: Wells Fargo prioritizes the security of customer information and implements robust security measures. These measures include encryption, two-factor authentication, and fraud detection systems. By employing these security measures, Wells Fargo aims to protect customer data and prevent fraud.

Financial Stability: Wells Fargo's financial stability is a crucial factor to consider when entrusting a bank with your finances. With a strong credit rating, profitability, and a proven ability to navigate economic downturns, Wells Fargo demonstrates its financial strength and reliability.

Community Involvement: Wells Fargo actively participates in community initiatives, philanthropy, and corporate social responsibility efforts. Their involvement in such initiatives showcases their commitment to making a positive impact on society and supporting the communities they serve.

Additional Features: In addition to their core banking services, Wells Fargo offers various additional features and benefits. These may include rewards programs, financial planning tools, or educational resources. These additional features enhance the overall banking experience and provide customers with added value.

Comparison to Competitors: When considering Wells Fargo, it is important to compare its services, fees, interest rates, and customer satisfaction to its major competitors in the banking industry. This comparison will provide insights into Wells Fargo's competitive advantages or disadvantages, helping customers make an informed decision.

Conclusion: Overall, Wells Fargo is a reputable bank with a wide range of services, accessible channels, and a commitment to customer security. While it is important to consider fees, interest rates, and customer satisfaction, Wells Fargo's financial stability and community involvement are notable strengths. Potential customers are recommended to thoroughly evaluate their specific banking needs and compare Wells Fargo to other competitors to make an informed decision.

How to file a complaint about Wells Fargo?

1. Log in or create an account: Ensure you are logged in to your ComplaintsBoard.com account. If you do not have an account, please register by providing the necessary details to create one.

2. Navigating to the complaint form: Once logged in, locate the 'File a Complaint' button situated at the top right corner of the website and click on it to access the complaint form.

3. Writing the title: In the 'Complaint Title' field, concisely summarize the main issue you have encountered with Wells Fargo. Make it specific and clear, such as "Unauthorized Wells Fargo Account Charges" or "Wells Fargo Mortgage Application Delay".

4. Detailing the experience: In the complaint details section, provide a thorough description of your experience. Include key areas such as:

  • The type of service or product you were using from Wells Fargo.
  • Specific issues with account access, transaction problems, customer service interactions, or any other grievances.
  • Chronological order of events, including dates and times, if possible.
  • Any communication with Wells Fargo representatives, including phone calls, emails, or in-person visits.
  • How the issue has personally affected you, such as financial loss or stress.
  • Steps you have taken to resolve the issue and Wells Fargo's response or lack thereof.

5. Attaching supporting documents: Attach any relevant documents that support your complaint, such as correspondence, receipts, or statements. Be cautious not to include sensitive personal information like social security numbers or full account numbers.

6. Filling optional fields: Use the 'Claimed Loss' field to indicate any financial losses you have incurred due to the issue. In the 'Desired Outcome' field, clearly state what resolution you are seeking from Wells Fargo, whether it's a refund, apology, or another form of rectification.

7. Review before submission: Carefully review your complaint for clarity, accuracy, and completeness. Ensure that all the information provided is true to the best of your knowledge and that your desired outcome is reasonable and clearly stated.

8. Submission process: After reviewing your complaint, click the 'Submit' button to file your complaint against Wells Fargo on ComplaintsBoard.com.

9. Post-Submission Actions: Keep an eye on your ComplaintsBoard.com account for any responses or updates regarding your complaint. Be prepared to engage in further communication if necessary to resolve your issue with Wells Fargo.

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Wells Fargo contacts

Phone numbers

1800 869 3557 +1 (800) 378-0575 More phone numbers

Website

www.wellsfargo.com

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Use this comments board to leave complaints and reviews about Wells Fargo. Discuss the issues you have had with Wells Fargo and work with their customer service team to find a resolution.