CB Banks Wells Fargo Complaints #1322-1341

Wells Fargo review: issued credit took it away

Diane Gettell of Miami, US

Feb 10, 2010 1:20 pm UTC

Resolved

I am a disabled person of working age. I received a large sum of back pay when I took my Social Security judge awarded me over $60, 000. Wells Fargo Investment Services demand I have a Wells Fargo Credit Card.

I said "no thank you."

One year later a card arrived in the mail with a limit of $8, 000. The interest rate was over 17%. I contacted Wells Fargo's credit services and told them I wished to close the account. They advised against that as it would damage my credit. Wells Fargo then proceeded to lower the interest rate on the card.

Wells Fargo Credit lowered my interest rate to 5.9% and issued me a line of credit for a total of $11, 500. I owed at the time approximately $8, 500. Which I paid in full.

I invested with Wells Fargo Financial. One expert was fired and Wells Fargo's new investment "expert" advised I take my investment funds and liquidate them. I lost $50, 000.

Two years later when I had once again reached the amount of $8, 000 in debt on my Wells Fargo credit card. I never missed a payment, I never over drafted and Wells Fargo took my card away.

Now they are calling me with threats and demands. What are WE going to do?

Resolved

The complaint has been investigated and resolved to the customer’s satisfaction.

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