Wells Fargo has been good to me so far.

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rhipsher
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Wells Fargo has been good to me so far.

Postby rhipsher » Sat Oct 12, 2013 2:17 pm

I went through a Bankruptcy about 3 years ago caused by Wells Fargo and have been building my credit back up ever since. We were very bitter with them because it didn't have to happen. They still have our mortgage. So 6 months ago I went to Wells Fargo and applied for a Visa platinum college cash back card. Got approved for a $700 CL and used it for what it was intended. So fast forward to now. I went to WF and talked to my banker to see what they could do on a new car loan. While I was there I said you know I've had this Visa card you issued me 6 months ago and have used it religiously and my CL is still at $700? When is it going to increase? He takes a look on his computer and says you already got a credit increase to $1,400 and it looks like your about to get another one to $3k. So I was pleased about that without having to ask for an increase. Anyway Capital one is who financed the car without hesitation. I've never dealt with Cap one before. But the credit repair is definitely going well and is taking less time than I anticipated. The hard inquiries do take a 20 point hit on the score but in a month they shoot right back up.


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djrez4
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Postby djrez4 » Sun Oct 13, 2013 3:52 pm

Curious minds want to know:

How did Wells Fargo cause your bankruptcy?
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
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tigerowl06
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Postby tigerowl06 » Sun Oct 13, 2013 8:08 pm

djrez4 wrote:Curious minds want to know:

How did Wells Fargo cause your bankruptcy?


They saw the money in his account and decided to take it! LOL
Chase Freedom ($2.5K, 10/2009)
Discover it ($6K; 03/2011)
Amex BCE ($19.5K; 02/2013 - 2011 BD)

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rhipsher
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Postby rhipsher » Sun Oct 13, 2013 10:55 pm

djrez4 wrote:Curious minds want to know:

How did Wells Fargo cause your bankruptcy?
It's a long story so I'll try to make it short. Like most mortgages they get bought and sold over the years and WF got ours. My wife decided to quit her job and go to nursing school to become an RN. So our income got chopped in half. Over those few years we fell $12k behind on our mortgage "our fault". Once my wife was done with school an was working as an RN things got much better so we worked out a repayment plan with WF to get all caught up with them. Our normal monthly payment was $1,400 a month. We were paying $3k a month which was what we had renegotiated with WF. For 5 months everything was like clockwork. And then during the Fanny mea and Freddie mac crisis we get this notice from WF saying they want us to pay the balance of the $5k we owe them right now or they are going to foreclose on us in three weeks. My wife and I were like WTF? We even had a copy of the agreement. They didn't care. So my wife called them and supposedly got it worked out with them. Two months down the road we get another letter saying the same thing. It's like the left hand didn't know what the right hand was doing with that bank. This time we hired a Bankruptcy lawyer. The lawyers looked over everything and were puzzled that WF was doing this. They said it's not like you are not paying your mortgage! Hell you guys have been paying over double what you payment is and have been doing it for the last 6 months. With all of the people loosing their homes in foreclosure they should be happy they are getting what your paying them. So they put a stop foreclosure order on our home so WF couldn't touch it. We filed for chapter 13 which is re organization of debt. Once WF got notice they called us up and practically begged us not to do bankruptcy. My wife told them that we don't trust you people anymore. You tell us one thing and do another. They could not even find our reference number. It was a mess. The bankruptcy was supposed to last 5 years. We got it done in 3 years. None of this had to happen. We were just months from fulfilling the repayment plan we had worked out with them. The whole damn thing caused us some serious pain financially and in our marriage. We made it through and kept our house but it left battle scares that left us very bitter towards WF. But now that it's all over they have been very good to me. And that helps to repair my opinion of them. I'm sure that there are other horror stories that have happened to others from different banks but WF was the one in my case.

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Postby djrez4 » Sun Oct 13, 2013 11:29 pm

You're much more forgiving than I would have been. Wells Fargo did much less to me and I end up at Chase.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

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Postby rhipsher » Mon Oct 14, 2013 8:39 pm

djrez4 wrote:You're much more forgiving than I would have been. Wells Fargo did much less to me and I end up at Chase.
It gave me some grey hair. But get this. I left WF and went to South trust because it was the bank my company used. I really liked them. Then Wachovia bought South trust. I really liked them to. Then guess who bought Wachovia? Yep! Wells Fargo. It was like a damn nightmare I could not escape from them lol! So I just said F$%k it. :mad:

tigerowl06
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Postby tigerowl06 » Mon Oct 14, 2013 9:15 pm

Wow that sucks. Glad things are OK now. Does not surprise me at all that the bank was a cluster-F when it came to remembering revised payment agreements.
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Postby whit » Mon Oct 14, 2013 9:18 pm

there are Chases in Texas! I would also recommend Charles Schwab.. for banking needs.

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Postby rhipsher » Mon Oct 14, 2013 9:38 pm

whit wrote:there are Chases in Texas! I would also recommend Charles Schwab.. for banking needs.
Plus they just refinanced my house which will knock $400 off of my monthly payment. If I were a superstitious person I'd almost think they were feeling guilty about what happened from the way they've been treating me lately lol! NOT.



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