Question by The Grit: Anyone ever had bad experiences with Wells Fargo for debt consolidation?
I recently did some business with Wells Fargo for debt consolidation. Today, I found out that my monthly payments are going to be DOUBLE what I was told. Additionally, one of my accounts will be over the limit because of my consultant’s poor math skills.
I feel lied to. I was extremely careful about reading all of the documentation. I would have never gone with them had I known the monthly payments would have been this much. My monthly payments have been reduced by all of $ 50 as opposed to the $ 230 I was expecting.
Has anyone had experiences like this with them before? I’m waiting for their offices to open to give them a call, but I doubt anything can be done now. I’m just so freakin’ angry!
Best answer:
Answer by Mari
No, however what I have heard is that all debt consolidation companies are scam and what they do you may do yourself.
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Ive done debt consol with Wells Fargo years ago with no problems at all..worked out well. Before signing the paper work all the figures,monthly payment amounts,interest,etc etc is all on the forms by law..you have to be sure to read ALL of that before signing. Be a informed and aware consumer!! Wells Fargo has always treated me fair and well!!