wells fargo

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  625 People Denied Mortgage Loan Modifications and 400 Foreclosed On Because – Wells Fargo

  In a recent government filing, Wells Fargo admitted to a very disconcerting set of facts. The SEC document says “An internal review of the Company’s use of a mortgage loan modification underwriting tool identified a calculation error...

  • Posted September 12, 2018
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  Wells Fargo Says Credit Card Debt is Bad Debt. Even Theirs?

  Under the heading of You Can’t Make This Stuff Up, Wells Fargo just sent out a newsletter that calls credit card debt, bad debt. I guess their mortgage division didn’t discuss this with their credit card division....

  • Posted July 30, 2018
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  Educational Financial Services and Wells Fargo Bank Hit With Class Action Student Loan Lawsuit to Discharge Loans in Bankruptcy

  Educational Financial Services (EFS), a division of Wells Fargo Bank, was sued in the Southern District of Texas alleging EFS should have known some of their student loans were dischargeable in bankruptcy. The suit filed raises some...

  • Posted June 21, 2018
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  How to Get You Paltry Piece of the Wells Fargo Settlement

  Wells Fargo will pay $142 million to settle a bevy of class-action lawsuits over the bank’s creation of unauthorized accounts. If you think the San Francisco-based financial institution created sham accounts in your name, here’s what you...

  • Posted July 11, 2017
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  What is the Smartest Way to Offer Wells Fargo a Settlement on My Mortgage?

  Question: Dear Steve, I have my first mortgage ($450,000) and home equity loan ($350,000) now with all the added penalties from Wells Fargo. I want to offer them a settlement. What do you will the smartest way...

  • Posted March 16, 2017
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  Here’s Another Way Wells Fargo Took Advantage Of Customers

  by Jesse Eisinger ProPublica, Jan. 23, 2017, 8 a.m. Wells Fargo, the largest mortgage lender in the country, portrays itself as a stalwart bank that puts customers first. That reputation shattered in September, when it was fined...

  • Posted January 23, 2017
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  Creditors to Pay Up for Chasing Debtors After Bankruptcy

  The Bloomberg Bankruptcy Law Reporter is reporting, “Wells Fargo, Ocwen, OneWest, and other secured creditors must pay a Chapter 7 debtor $7,000 in emotional distress damages, and $39,142 in punitive damages for willfully violating a debtor’s discharge...

  • Posted December 8, 2016
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  Wells Fargo Bank Gets Nabbed and Then Delays Solving Problem

  Much has been said in recent days about Wells Fargo Bank getting nabbed for opening bogus accounts. The Consumer Financial Protection Bureau (CFPB) said, “The Bank’s employees secretly opened accounts and shifted funds from consumers’ existing accounts...

  • Posted September 14, 2016
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  Wells Fargo Bank – Consumer Complaint – September 14, 2016

  Consumer Statement: The IRS advised me I had a 1099 forgiven debt held against my account for 2014. This was news to me and I told the IRS that. After four months they sent me a letter...

  • Posted September 14, 2016
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  Debt Settlement Job Opening – Research/Remediation Rep 3 Cease & Desist / Debt Validation Team – Wells Fargo

  Wells Fargo - Communicates with others (including customers, business partners, debt settlement companies, executives, agencies, regulators, and law firms) to ensure...

  • Posted December 1, 2015
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  Wells Fargo Home Rebate Credit Card – Yawn

  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%...

  • Posted August 6, 2013
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  How Creditors Rate at Helping Consumers Settle Debt

  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...

  • Posted July 31, 2013
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  Debt Relief Bureau Logo But Not the Debt Relief Bureau in This Mailer

  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...

  • Posted July 29, 2013
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  Wells Fargo Halts Selling Bad Credit Card Debt For Now

  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...

  • Posted July 28, 2013
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  My Student Loan Payments Almost Equal My Income. What Can I Do? – Alex

  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...

  • Posted May 30, 2013
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  How Can I Get My Wells Fargo Student Loan Out of Default? – Melena

  “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...

  • Posted April 8, 2013
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  Wells Fargo Bank Wants Us to Apply for a Loan Remodification With Bankruptcy. – Monique

  “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...

  • Posted April 4, 2013
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  Wells Fargo Did Not Reaffirm Our Mortgage in Our Bankruptcy. – Kenneth

  “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...

  • Posted April 3, 2013
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  I’m Feeling Pressured by Wells Fargo on My Loan Modification. – Tom

  “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....

  • Posted January 14, 2013
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  Billions Now Available for Foreclosure Victims. Banks to Notify Consumers.

  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...

  • Posted January 7, 2013
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  How Do I Handle Wells Fargo Suing Me Over Debt? – Cynthia

  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...

  • Posted December 13, 2012
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• What Can I Do to Remove Wells Fargo From My Credit Report? – Benjamin

  “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...

  • Posted November 15, 2012
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• Doubts Spread About Independent Foreclosure Reviews

  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...

  • Posted October 19, 2012
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• U.S. Attorney Charges Wells Fargo With Mortgage Fraud

  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...

  • Posted October 11, 2012
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• My Chapter 13 Bankruptcy Was Dismissed. Wells Fargo is Suing Me. What Now? – Gina

  “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...

  • Posted October 4, 2012
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• Beware of Omni Home Solutions and Rampart MMW Says Former Client

  Darrell Neilander, a former client of the foreclosure/tust company/mass joinder companies Omni Home Solutions and Rampart MMW sent in the following contributed information in an effort to help inform others of his experience with two companies that...

  • Posted July 27, 2012
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• Consumer Has Money Taken Out of Her Account Without Permission. Wells Fargo Blames Her.

  It has long been held that if a consumer notices a fraudulent transfer out of an account that they should notify the bank immediately. U.S. banks have typically been good about protecting the consumer. UK banks on...

  • Posted November 23, 2011
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• Bank Of America Backs Off $5 Debit Card Fees After Anti-Fee Petition Skyrockets

  Just one month ago I wrote about the implementation of debit card fees coming into play for big banks such as Chase, Wells Fargo and most notably Bank of America. Due to the change in a new...

  • Posted October 31, 2011
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• Bank of America To Charge Monthly $5 Fee For Using Debit Cards

  I’m not sure if I’ve mentioned this before but I, Amanda Miller, am a Bank of America customer. Although, not a thrilled and loyal customer, I’m a customer nevertheless. In fact, this bank has done some things...

  • Posted September 30, 2011
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• Wells Fargo Bragging About Supporting Credit Counseling, But…

  A recent press release from Wells Fargo caught my eye. The title was “Wells Fargo Increases Commitment to Credit Counseling Nonprofits by 35% to $12.4 million in 2011” but upon closer inspection all Wells Fargo was really...

  • Posted September 13, 2011
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• I Have Stress and Cancer. I’m Also Struggling to Get Out From My Wells Fargo Mortgage. – Tarah

  “Dear Andy, I bought my house 4 years ago. My value has dropped over 100K. I live Maryland. My mortgage is Non-Conforming. I have attempted to refinances 2 and denied because of my appraisal. I also attempted...

  • Posted July 22, 2011
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• Government to Bank of America, Wells Fargo, JPMorgan Chase – “You Suck at Loan Modifications.”

  by Paul Kiel ProPublica The Obama administration’s mortgage modification program is more than two years old. From the beginning, it’s been apparent that the participating banks and mortgage servicers were breaking the program’s rules. The administration has...

  • Posted June 10, 2011
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• Sizzler Cleans Out Paralegal Bank Account. Jesus Can’t Help. The Problem With Debt Cards.

  For years people continue to try and convince me that debit cards are better than credit cards. Those arguments just won’t fly because there is no getting around the basic fundamental problem of debt cards, they are...

  • Posted May 28, 2011
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• Wells Fargo Sold My Credit Card Debt, I’ve Been Sued and Now I Want a Payment Arrangement. – Elly

  “Dear Jeremy, I HAVE A $5,000.00 CREDIT CARD DEBT WITH WELLS FARGO THEY SOLD MY DEBT TO A COLLECTORE. I BEEN SUE AND KNOW THEY WANT TO PUT A DEFAULT, I CONTACT THE LAW FIRM TO SEE...

  • Posted May 24, 2011
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• Left a Good Paying Job to Follow My Dream. Now Laid Off and Facing Foreclosure.

  “Dear Andy, Left good paying job, Manager Financial AD Hoc Reporting, Harvard Univ. 2006 followed dream worked as an Animal Control Officer and then lost job to “regionalization” of the position in 2/2009. In 6/2009 my daughter...

  • Posted May 10, 2011
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• I Have a Large Business Debt With Wells Fargo That is Charging Off. What Should I Do? – Lighttrick

  “Dear Steve, I have large business debt that is charging off. i don’t really have funds to settle. how much trouble am i in? it is with wells fargo. biz line and biz cc. to the tune...

  • Posted March 14, 2011
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• Voided Foreclosures Could Mean Big Trouble for Banks Moving Forward

  by Marian Wang, ProPublica When Massachusetts’ highest court ruled against U.S. Bank and Wells Fargo earlier this month and invalidated two foreclosures, the decision was hailed by some as an important precedent for courts seeking to...

  • Posted January 21, 2011
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• Is it Possible to Settlement My Debt With Persolve Even Though They Sued Me? – John

  “Dear Steve, Credit Card debt originated from Wells Fargo (lawsuit attached). Last paid in 2006. Depression got the better of me and that’s why I let it get out of control. The principal amount is $12k. The...

  • Posted January 19, 2011
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• Wells Fargo Repossess And Tries to Sell Car Woman Owned Outright

  Mistakes happen. But in this case Wells Fargo apparently made a doozie. A Tacoma Washington woman had her totally paid off car repossessed and taken to the auction house for sale. Now we all know that kind...

  • Posted November 4, 2010
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• Case Concludes Bank Intentionally Cleared Checks and Debit Cards to Generate Largest Overdraft Revenue

  A class action lawsuit (3:07-cv-05923-WHA) that was previously filed against Wells Fargo has come to a conclusion that the bank was intentionally clearing transactions in order to create the largest amount of overdraft revenue. In fact 40%...

  • Posted August 20, 2010
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• Will Banks Negotiate My Student Loans? – Russell

  “Dear Steve, 4-1/2 years ago I decided to go back to school for Dental Hygiene. My wife would not let me work during the four years of school and her income did not quite meet all our...

  • Posted June 8, 2010
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• My Mother Was In An Accident And Lost Her Job And Can’t Pay – Paula

  “Dear Steve, My mother was in an accident and lost her job, we lost our tenant in our house for about 6 months in which bills got backed up, credit cards and loans were used to pay...

  • Posted April 30, 2010
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• Our Attorney is Advising Us to File Bankruptcy But I Don’t Know. – Andy

  Andy “Dear Steve, About four years ago, my wife lost her job. She was having difficulty getting a job and used credit cards hoping she could get a job soon and we could repay them. Unfortunately, when...

  • Posted April 1, 2010
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• Where Can I Go For a Fixed Rate Mortgage? – Stephanie

  “Dear Steve, I am backwards on my mortgage and it’s a five year arm will re-set in June with a HELOC. I need to refinance! I am paying interest only on my Sallie Mae loan this year...

  • Posted February 16, 2010
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• Can I Reduce My Credit Card Debt by 50% to 70% and Pay It Off Without Damaging My Credit? – Robert

  “Dear Steve, Recently had to take a 30% decrease in my Income, due to this I have maxed out my wells fargo credit card, they also just raised the percentage to 13.44%, Can I negotiate a 50-70%...

  • Posted January 27, 2010
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• What Can I Do to Get a Loan Modification With Wells Fargo? – Mark

  “Dear Steve, Life happened. Doctor bills, behind on payments, everything. I just received a Notice of Default and Intention to Accelerate on my mortgage from a lawyer. I was working with the mortgage company – Wells Fargo...

  • Posted January 19, 2010
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• Was My Wells Fargo Private Student Loan Really Discharged in My Bankruptcy? – Linda

  “Dear Steve, In 2007, I filed Ch 7 bankruptcy and I was told my private student loan w/ Wells Fargo was not discharged. Move ahead to Sept 2009. I was served papers from a local debt collection...

  • Posted November 4, 2009
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• Wells Fargo Bank Offering Title Loans. I Think the Ad is Misleading.

  I saw an advertisement online just a minute ago. It surprised me. Consolidate Using Vehicle Consolidate Bills & Reduce Monthly Payments Using Your Vehicle-Apply! Now you can refinance your used car, which is not a new thing,...

  • Posted June 11, 2009
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• I Was Laid Off and Burned Through My Savings. – Tom

  Tom “Dear Steve, I was laid off last year and out of work for 5 months. That burned through my savings. I got a one year contract position which has now ended. I have $45K of unsecured...

  • Posted March 24, 2009
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• Slowdown nails contractors: Dozens of Idaho small business owners

  Slowdown nails contractors: Dozens of Idaho small business owners ... Idaho Business Review, United States - 2 hours ago Most of the rest of their liabilities consist of medical bills, a car loan and credit card debt ....

  • Posted October 27, 2008
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