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Tag Archives: wells fargo

Wells Fargo Home Rebate Credit Card – Yawn

The card leaves me yawning.

Is the Wells Fargo Home Rebate Credit Card a smart card to use? Despite an initial flurry of rebates, 3% rebate on gas, grocery, and drugstore net purchases for the first 6 months, cardholders will get 1% rebates that will pay down Wells Fargo home mortgage. So let’s do the math here. First off, a perfunctory hooray for rebates. But ... Read More »

How Creditors Rate at Helping Consumers Settle Debt

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Michael Bovee, over on his Debt Relief and Credit Guides site has published a very good guide for people about how the major creditors are at providing settlements for problem debt. It’s a really good list and it ranks Chase, Bank of America, Wells Fargo, Discover Card, Citibank, Capital One, and American Express. For example, Bovee revels the best creditor ... Read More »

Debt Relief Bureau Logo But Not the Debt Relief Bureau in This Mailer

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When if the Debt Relief Bureau, not the Debt Relief Bureau? When you get a flyer in the mail from an anonymous source promising you help to get out of debt. An amazing reader Tish sent in a new debt relief mailer through my I Buy Junk Mail program. Well here is another anonymous mailer sent to a consumer that ... Read More »

Wells Fargo Halts Selling Bad Credit Card Debt For Now

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It looks like other banks are taking the government warnings to clean up their act when it comes to how they handle dealing with their bad debt from credit card accounts that they used to sell off without much care. The American Banker is reporting: “Wells Fargo (WFC) has halted sales of its customers’ unpaid consumer loans to outside debt ... Read More »

My Student Loan Payments Almost Equal My Income. What Can I Do? – Alex

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27 year old with $200,000 in student loan debt and I really have no idea what to do about it. I make around $25,000 a year and as of right now I pay $32 a month towards my federal loans which total about $48,000. The rest is in private and I make no payment on them since I can not ... Read More »

How Can I Get My Wells Fargo Student Loan Out of Default? – Melena

debt

“Dear Steve, I have about 10,000 in student loans. I have two loans, one through Great Lakes and another through Wells Fargo. Because of some medical issues with my daughter last year my finances were challenged and my loan through Wells Fargo went into default (that loan amount is around $7,000. I have received a collections letter. Though my finances ... Read More »

Wells Fargo Bank Wants Us to Apply for a Loan Remodification With Bankruptcy. – Monique

mysterious

“Dear Steve, My husband and I are behind on our Mortgage payments. After my husband hurt himself and was out of work for 3 months they put us on a 6 month repayment plan but it is coming to an end May 29th. We have filed bankruptcy and wells fargo knows this. We would like to keep the house if ... Read More »

Wells Fargo Did Not Reaffirm Our Mortgage in Our Bankruptcy. – Kenneth

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“Dear Steve, Me and my wife filed bk 7 in 2011 and some how Wells Fargo didn’t get reaffirmed our second mortgage with First Tennessee did get reaffirmend.I was trying to get refinance but wells fargo wont because we didn’t reaffirm.I applied with quicken loans and after apprisal the property is only worth 81000 and I wanted to borrow 80,000 ... Read More »

I’m Feeling Pressured by Wells Fargo on My Loan Modification. – Tom

Real Estate Concept

“Dear Steve, I bought a condo in Owings Mills, MD in 2006 at the height of the mortgage boom(fraud etc.) My name is the only one on the books. Married 1 child. Canadian Citizen. 196K Purchase price. 80/20 loan. This loan was originated My a small lender and was sold to Wells Fargo the month after….. 80: 156K 6.75% 10 ... Read More »

Billions Now Available for Foreclosure Victims. Banks to Notify Consumers.

home foreclosure legal document with house key

Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board to pay more than $8.5 billion in cash payments and other assistance to help borrowers. The sum includes $3.3 billion in ... Read More »

How Do I Handle Wells Fargo Suing Me Over Debt? – Cynthia

Help - Red Button

I had wells fargo visa that is in default for 16k. I was served sunday 12/08/12 but the paperwork was filed in the courts on 11/29/12. I think I have 30 days to respond and this is through contra costa county, california. Hello, I was served yesterday from wells fargo bank for a credit card debt of 16k. I am ... Read More »

What Can I Do to Remove Wells Fargo From My Credit Report? – Benjamin

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“Dear Steve, I check my credit score! In which I found out my lender Wells Fargo who I had a house back in 2004 still has my credit on hold until 2015! My question what can I do to get that removed from my credit score? What can I do to remove a bad credit from 2004 that is making ... Read More »

Doubts Spread About Independent Foreclosure Reviews

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by Paul Kiel ProPublica The idea behind the Independent Foreclosure Review seems simple. During the peak of the foreclosure crisis, the banks broke laws and made errors that hurt homeowners. In response, the government mandated they compensate the victims. But there is growing evidence some banks are playing a major role in identifying the victims of their own abuses, raising ... Read More »

U.S. Attorney Charges Wells Fargo With Mortgage Fraud

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A loyal reader sent in a tip about a recent suit by the Manhattan U.S. Attorney against Wells Fargo Bank over mortgage fraud. Preet Bharara, the United States Attorney for the Southern District of New York, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, Inspector General of HUD, announced today ... Read More »

My Chapter 13 Bankruptcy Was Dismissed. Wells Fargo is Suing Me. What Now? – Gina

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“Dear Steve, I am being sued by Wells Fargo Attorney for a credit card debit, I’ve attempted by letter to attorney to state my circumstances and that I was willing to pay 33% of the bill in full, however they still proceeded to file. What should I do at this point. I’m willing to pay some of it but I ... Read More »

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