Wells Fargo Bank / false advertising

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Recently, I applied for a personal loan to consolidate credit card debt, through Wells Fargo Bank, based on their advertisement online, to provide relatively low interest personal loans for the exact purpose I was looking for. I have good credit, make a good salary, and have been with the same employer for 24 years. I had also recently payed off my car loan through Wells Fargo early. Despite all these facts, this bank turned me down. They are sending me a letter to explain why, although quite frankly, nothing in that letter can justify not approving this loan. This is further proof, that banks in general, collaborate together, to intentionally keep the consumer in as a high of debt as possible. The whole banking industry is corrupt, and needs to restructured to help, and not hurt the consumer. Needless to say, my debts will be payed off, and I will never use this bank again.

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  • Jo
      21st of Nov, 2012

    I had a similar exspearance. home improvement loan . after 1 year still no answer . paid fees .this is a bad bank to do any kind of business with. bank is located in Morehead city NC

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