My dad died at the age of 55 last month VERY unexpectedly. His auto loan was through Wells Fargo.
My grandfather is the co-signer on the loan. Grandpa who is 80 started receiving the harassing phone calls from Wells Fargo and was even threatened that he either had to make a payment by a certain time that night or the vehicle would be reported as stolen and he would be charged with grand theft auto! Totally false threats!!
I worked in a police department for 7 years and KNOW that it is a civil matter and they cannot report the vehicle at that point, stolen. BUT dear old grandpa wired them a payment anyway...
We've been trying to work with Wells Fargo and the woman we have been in contact with will not budge at all. So, the vehicle will be going back to them and they can auction it off for $4, 000 less than what we are offering them.
At the age of 80 and 3 pensions that are covered against garnishment, you would think that Wells Fargo has a lot to lose and would want to work with us. We have absolutely nothing to lose anymore. Grandpa has no use at that age for credit and with the loss of my dad (his son) and my grandma recently diagnosed with terminal cancer, how long do they expect to collect from Grandpa anyway???
We've contacted an attorney regarding the threats their collection people made and we will never finance a loan through Wells Fargo again.
DO NOT FINANCE THROUGH WELLS FARGO...EVER!