Wells Fargo Auto LoansConsumerAffairs Unaccredited Brand
Bought a truck at a dealer who does not have a very good reputation. I found out after buying truck. Had a lot of problems with it...then got behind in loan...did a hardship loan. Was denied because credit was not good. Only difference in my credit was the truck I was trying to refinance. My credit was the same when they gave me the original loan. Did a volunteer surrender of vehicle and the week they were supposed to come get they called said truck wasn't worth enough for them to come get it...and do what I want with it but I still owe on loan. I am 174 days behind because of seasonal work. They won't come get vehicle. And they call just about every day or other day given me a hard time about the loan. Not sure what to do at this time. Wells Fargo is a poor choice for loans.
3 years ago I started paying back a loan to Wells Fargo Dealer Services... very little has gone to the principal. The value of the car is around 4500 and I still have an extra 5500 in interest owed. The dealer will not work with me. The Bank said that's what I signed and agreed to... They offered a refinance if I dropped cash towards principal but it would lower my payment about $10 a month. I've never been late. I pay early. I pay extra and it's not doing much at all. Very unhappy. I'm stuck in this loan. They take advantage of people. I cant go to any other bank to get better interest because the interest owed is more than the principal.
The WORST company ever to have a loan with. The customer service has been lying to me and giving me the runaround for 4 months now regarding trying to get my title. I moved out of state and needed a copy to register the vehicle in FL, they said they lost it but would look into it to get me a copy. I keep calling back every few weeks and am told a different story by every person I speak with! I pay off the loan a year early in order to get the title and they still give me the runaround! They are liars and I am so angry with them. I am closing my Wells Fargo bank accounts as of tomorrow. I ended up having to go back to the VA DMV (online and telephone) to PAY for them to send me the title! Don’t trust this company with your loans!!!
I was a customer for many years with Wells Fargo and after some really bad service I closed my account and went to another bank. When I bought my new car the loan went through Wells Fargo. I didn't think much about it. Everything was going fine for the first 2 years. I always received the payments, always paid on time. SOMEHOW the address was changed and I didn't receive my payments, I caught up with the mailman and sure enough he had a final notice. My name wrong address (the address didn't exist on my street). Called Wells Fargo, no explanation other than "We will correct the address and are you going to make your payment in full! And we want cash." Well of course you are going to repossess the car! Funny isn't It. All of a sudden the address gets changed, no phone calls, I'm a women, the car is in my name not my husband and his car payments are coming just fine, and to the same address.
All the horrible stories that I've heard about Wells Fargo apparently are true. We took a car loan out for our daughter to establish credit for her. Unfortunately, this loan was through Wells Fargo. I cringed when I heard it but gave them a chance. Well...last week I received a letter from my bank advising me that they (THE BANK) had made an error and reversed my payment to Wells Fargo for the car loan. My bank also advised that they would refund me any charges incurred from Wells Fargo. My husband spoke to 3 different representatives on Friday 2/15/18 from Wells Fargo and each time received a different story. He went to our bank - they refunded the charge for this reversal & he was told to resubmit the payment that night & all would be fine. Well...when trying to make my daughter's payment I was forced to call customer services as my account was "blocked".
I had the PLEASURE of speaking to Rueben in customer service (who was a complete idiot) - who advised me that my account was blocked because the payment was reversed from the bank - blah, blah, blah. He advised me that I could NEVER use that bank account information again to make a payment. When asking him how I'd make a payment then - he advised me that in the future I would have to get certified monies from my back, write a check etc. I chuckled & asked him how I could write a check since the funds would be withdrawn from that account. He had no answer - just went on with his speech in the nastiest way possible. I finally put my husband on the phone who spoke with his supervisor Emily - she asked him to call back Tuesday to settle the discrepancy. He called back this morning & we STILL can't make this payment. It's so ridiculous & if this affects my daughter's credit - I will take legal action. Never, ever use this bank!
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I have a car loan through Wells Fargo Bank. I go to the branch in Lake Ronkonkoma & the tellers are extremely pleasant and want to please their customers. I have nothing but great experience with that branch & the staff. I usually never wait for a teller. I am very satisfied with Wells Fargo at the Ronkonkoma branch.
The services are ok but I wanted to get a car loan recently and they wanted to charge me 5.9% so I went to Bank of America and got 2.7%. It's a shame another bank would give me a better rate and I bought a second car and again I went with Bank of America and I've heard that people have been charged for not having at least 6000 in their account.
The bank and my father in law and husband opened a refinancing vehicle loan without my authorization and pulled my name out of the original loan and it was my loan and my and I traded in my first car that I bought on my own to by this new vehicle with. The bank nor my father in law nor my husband ever consulted me about it. The loans all state that all parties involved has to be involved in any transaction of loans. I am part owner of that vehicle. Why was I not informed nor involved in the refinancing. When I confronted my father in law he acted like the vehicle was his and that I had no involvement whatsoever in it. He was rude also and so was my husband and so was the bank. I feel what they did was illegal and I want my vehicle back. I ask my Attorney to help. He said he would but he bailed out. So now I am left stranded without a vehicle. Do not use this bank and if you are married do not do anything jointly.
On 6/4/11 I bought a car. Wells Fargo was listed as the lien holder. The loan was in my ex-husband's name since my credit sucked. Wells Fargo sold this loan to Ally. The loan with Ally is paid off. Wells Fargo remains on my title as a lien holder. Recently my car was totaled. With Wells Fargo listed as the lien holder on my title. I've been trying for 3 weeks to clear this up. Absolutely no help from Wells Fargo at all. I'm getting ready to just give up and forfeit my insurance money from Geico and never ever buy a car again. My mood in dealing with these people either makes me so angry that I end up cursing them out or just crying.
PLEASE AVOID DOING BUSINESS WITH WELLS FARGO. Background. Starting in 2011, Wells Fargo Bank employees fraudulently opened more than 3 million bank accounts (Wells Fargo uncovers more fake accounts in drawn-out scandal, Reuters, August 31, 2017) in customers names, without authorization. The busy bankers also created 528,000 potentially unauthorized (read: Fraudulent) online bill-pay program enrollments while they were at it. Its also been recently disclosed that Wells Fargo Dealer Services (WFDS: Auto Loans) may have pushed thousands of car buyers into loan defaults and repossessions by bundling unwanted, unnecessary and unauthorized (read: Fraudulent) auto insurance coverage into their financing agreements (Wells Fargo May Have Charged 500,000 Clients for Unwanted Insurance, Bloomberg, July 28, 2017).
WFDS has also repossessed more than 860 cars belonging to members of the US military (read: Illegal). (Wells Fargo illegally repossessed another 450 service members' cars, CNN, November 14, 2017). A substantial level of fraudulent activity, ongoing without detection for relatively extended periods of time, across multiple lines of business in the same company, certainly provides a host of reasons to avoid doing business with Wells Fargo.
My Experience. I may have other reasons, especially if you are elderly and/or cannot absolutely guarantee your financial status for the life of a WFDS car loan: They may be operating a phantom Hardship Loan Refinance Program and they more or less hate their customers. Wells Fargo Dealer Services financed my purchase of a 2011 Buick several years ago. In 2015, at the age of 64, I was RIFd by my company. As you can imagine, that led to a dramatic decline in monthly income and I eventually began missing payments on a variety of things, including my auto loan. One of their Customer Service Representatives (CSR) eventually - months later - suggested that I apply to their Hardship Loan Refinance program.
At $377 a month, my car loan was the largest bill I had remaining. Taking the balance and spreading it out over a three or four-year period would have reduced my monthly exposure and ensured that the loan was repaid to WFDS. That should have been a win-win. I happily filled out the paperwork and waited. After a few weeks, I received a notice telling me that my participation in the hardship loan refinance program had been declined. Due to my low credit score! Now...my credit was near perfect prior to my being laid off. I had never missed nor been as much as one day late in paying my WFDS auto loan. There was no question that my financial problems were all a result of being RIFd. My friends in the finance industry were mystified: the low credit score (along with my history) should have been evidence that I was a viable candidate for a Hardship Loan refinance. Not that my application should be rejected.
When I called them back and asked if there was an appeal..the answer was no. When I asked what the approval rate for the program was, I was told that was (admittedly) none of my business. They told me I needed to sell the car immediately or get it refinanced somewhere else. I told them that I would try that (I did, with no success) but also continue to default on payments until they had to give me the statutorily required notice to repossess—about three months in arrears - at which point I would pay the balance and start the clock again. After I did this twice, they invoked the acceleration clause in the agreement, demanded that I pay the entire $7,000 immediately or face repossession.
Now...if I was having trouble paying $400 a month... Where the hell did they think I was going to get $7,000. Given the history of Wells Fargo staff manipulating customer accounts, it seems clear to me that a case can be made that an awful lot of bad people work for Wells Fargo. People who will willingly commit fraud; people who have no problem damaging the financial life of their customers; people who see the law as an unnecessary inconvenience and an impediment to making more money.
What astounded me though, as I went through all this with WFDS, is that they are also bad just really bad businesspeople. There were a number of times when they had a choice to make, one in which they could increase the probability of recovering their investment from me or stick a corporate finger in my eye and increase the probability of their recovering nothing. The business case choice would have been the one that maximized the probability of getting what I owed them. Without fail, every single time, they chose to stick their finger in my eye.
I'm counting their so-called Hardship Loan Refinance program as the first example. Why even say you have such a program for people with financial problems if you use the evidence of those problems to reject the application for assistance? Why wait for months to tell me that the program existed to begin with? Given my perfect payment record prior to the layoff, would it have hurt WFDS to try? It's not like they were increasing the amount of risk they were carrying. Agreeing to refinance would have actually lowered that risk. What did they get in rejecting me...except for the satisfaction of sticking their finger in my eye?
As already noted, I had begun to pay the account every three months--when I would get the Commonwealth of Massachusetts mandated notice from them that I had to pay $**.00 or they would begin the repossession process. I didn't mind paying this way...it gave me time to stage my payments, robbing Peter from time to time to pay Paul. They apparently had a problem with it though, because I did it twice and they called the loan, accelerated the payment and demanded it all in a lump sum. They knew the story. They knew my income had mostly vanished. They knew about my prior spotless payment history. Their choice was to continue to accept late, but ultimately complete payment (including late fees!) or demand everything now and push me closer to Chapter 7...in which they would get nothing but the satisfaction of sticking their finger in my eye.
After more discussions, I was told that WFDS would accept a payment of $5,000 in a settlement, instead of the $7,000 they had been demanding. (It would have been really helpful to have known that earlier.) The settlement could be paid in four monthly payments of about $1,200. I figured out that, with a little borrowed money, not paying some other bills, taking into account the timing of my Social Security check and driving for Uber (not advised...I have a spinal condition that limits the amount of sitting I can do at any given time). I could come up with the $1,200...but in two monthly payments of $600 each. I called the CSR back...and was told that this was impossible. It had to be in a lump sum.
No other option was possible; no further discussion was allowed. Why? What difference does it make if they get one check for $1,200 every month or two checks for $600 every month? Again, I don't get the business sense here. All I get is some driving corporate need to be complete ** and there's that finger in my eye again. In the last conversation I had with WFDS, I agreed to voluntarily return the car. I was hoping to avoid a formal repossession notice on my already damaged credit report. The CSR I spoke with, Ms. Kenya**, accepted that and told me that they would be in touch with a time and date for the turnover. She seemed sincere...even somewhat ruefully understanding of the situation.
A few days later, around 11 PM, I get a phone call from my neighbor wanting to know if I was aware that someone was towing my car. I was given no notice; no chance to get my personal property out of the car; no paperwork telling me who had it or where it was going; no information about how to get it back; no details on how to recover my personal property. All they left me was an empty space on the street in front of my house. The last I saw of the car was my handicapped sticker on the windshield disappearing down the street. I'm not even sure what I had in the trunk or back seat, although I do remember an LTC One cell phone in the console between the seats, sets of charger cables and a 20000mAh power pack charger for my cell.
WFDS had agreed to let me voluntarily turn my car in and I relied on that--or these things would never have been there. I'm certain I will never see any of them again...but this was WFDS' doing. Evil. Evil to the very end. So now I have a formal notice that WFDS has sold the car...and that I still owe them $3,000. Its called a deficiency balance. I will be filing for Chapter 7, so they will never see a dime of this and I have been telling them that from day 1 so that they would have a context for their decision making. They basically had several opportunities to avoid this...to recover their investment...and they decided, every single time, that the better decision was to stick their corporate finger in my eye rather than to be decent businesspeople.
The primary impact of this is that I am now effectively homebound. With my neurological disorder, I cant walk in snow and icy conditions which, in Massachusetts, can be more or less all the time in winter. Regardless of snow and ice, I can walk more than 100 or so feet anyway without falling over. I could at least get past this if I had another car...but it was hard enough trying to get financing for one of those even before WFDS had REPOSSESSED stamped on my credit report. Can't wait to get back to looking at that after the holidays.
All in all, Wells Fargo’s primary interest in its customers seems to be less focused on providing banking services to them and more on determining how to best exploit or damage them. If you have read this, I'm sure you can reach your own conclusion. Mine is simply this: If you want to avoid the possibility of being financially exploited or forced to do things that are no way in your best interests—even though there are win-win alternatives available—then there is no question in my mind that you should avoid doing business with Wells Fargo. At. All. Costs.
Recently became unemployed with 4 children and 1 on the way. I fell behind my payments by 74 days and Wells Fargo notified me of a potential repo. I told them the situatuion and I would just do a voluntary surrender as to avoid the hassle of a repo and maybe salvage my credit too. The dealer services rep told me to take the vehicle to a local Carmax and get a cash offer, then call Wells Fargo back with the offer and they would roll the existing amount of my pay off into a personal loan, therefore saving my credit.
After I spent 2 days and about 200 miles of driving to a CarMax dealer and back, I called Wells Fargo and notified them of my intent. I spoke with a very rude and unsympathetic rep who told me that I was wrong and that they did not offer those services. She stated that I would have to pay the remainder of the loan difference (Which was $5,000) before I could sell the vehicle to Carmax and they wouldn't consider rolling the amount by into another loan. If I could afford to pay the $5,000, then why in the hell would I not just pay the amount of the late payments?!
So I told her I would just surrender the vehicle then and she very arrogantly stated it didn't work like that and I had to just wait for the repo agents to take the vehicle and either way it would show up as a repo on my credit and a voluntary surrender would not help me. Once I asked her for her name and employee number so I could speak with a credit attorney and see what they advise and also if what they are telling me is accurate.
At that point her entire tone changed and she told me that Wells Fargo is not in the business to take vehicles and that she is willing to try to help me any way she can. She then told me that they could do a hardship refinance for me and it would take a few days to review and approve it first. I asked her about the letter they sent me about the possible repo and that it would expire while they were reviewing the refinance and whether the vehicle would be repossessed in the meantime. That was when she told me to wait while she pulled up my account to look at it first!
I was in awe that I had been talking about this with them and they hadn't even looked at my account first! She then asked if I put be put on hold while they look into the account and review it to see if a hardship refinance would even be a possibility, she said the wait will be about 40 minutes! I told her I didnt have 40 minutes at this time and she told me that maybe I could call back when it was more convenient and important for me in a very snotty attitude! Horrible bank for options for a family that falls under temporary hard times. Very rude and unprofessional customer service.
I bought a used truck from a Chevrolet dealer and was told the only loan they could do was with Wells Fargo. I wish I would have done research. First, my title never comes. They said my VIN was wrong so they could not send it. Huh? This makes no sense at all. I ask them for the VIN they have and compared to my truck and nothing was wrong with the VIN.
Next, I find out that they bought auto insurance on my behalf because they were lacking proof of insurance according to them. I faxed this to them at least 5 times. My insurance company was the same one as when I bought the truck. The insurance was 3 times the cost of my insurance which I have the highest level of coverage on my own auto policies. I kept calling and faxing and could never remove this insurance. When I sold the truck I asked for my insurance money back...THOUSANDS of dollars. We disagreed on the figure but I settled to recover some of the money. Well I sold the truck over a year ago and today another refund check comes from them saying they owed me more money. I have to even wonder if the payoff figures were correct. Do not deal with this bank.
After years of abuse and mishandling of my account including falsely stating I paid late Wells Fargo sent my title to an incorrect address. They will not send it to the correct address. They actually told me to go pay for it myself. I am fairly certain this is illegal, if not immoral. I would not recommend this company at all.
Out of the blue this month November I received a letter from Wells Fargo, stating correcting errors in our car loan, they State there was an internal processing error With our loan, on how the funds received Was posted to the account 11/16/2016 to 5/12/17. They say they’ll fix it through contacting the credit bureau and it would take 30 days to repair all mistakes and no need for us to take any action. How does that happen? How do all of those payments come up as late with the late fee if we had a certain date to pay the car payment? How does this happen? We can’t trust them.
I traded in a car financed with Wells Fargo in September 2017. They gave the dealership a 10 day pay off price. The dealership sent the pay off and the bank sent the dealership the title. I log on to my account and it shows a balance due. Multiple phone calls later with extremely rude customer service persons and supervisors they finally send me to the office of the President. Total waste of time and a joke! Two weeks later the same result with late fees attached a negative reporting on my credit. Just because I traded in my vehicle.
I have never had this problem before and I'm 51 years old and purchased multiple vehicles over my life. Wells Fargo Dealer Services is the worst finance company I have ever dealt with by a long shot. I never write reviews but I had to warn people and maybe save someone else from financing with this company. I personally will never do business with Wells Fargo Dealer Services again. Total scam from the beginning with rude and bullying employees.
So first off, this bank is horrible, they don't know anything other than hire con artist... our relations started bad from the gate. A few months after I purchased my car which was financed by Wells Fargo, my bank account was hacked somehow and my mailing address changed to an address in Miami, they were about to transfer my funds when I caught on to it.
Now, I got some damages done to my vehicle by Hurricane Irma, I got a check from the insurance company in both my name and the lean holder. I would assume I would send it to them, they would endorse it, and send me back a check in my name so I can pay for the damages. But no, they want me to send them the check but won't send me one back... I was given the runaround, passed around like a hot potatoes. This people are con artist, I think it's a requirement in order to work for them, must be saddy characters.
This is the worst bank to ever deal with! We purchased our car in December 2013. Our credit isn't stellar so we were stuck with this bank for financing. Occasionally we have fallen behind 30 days. Over the past year, I have been making our payments, but have been receiving calls daily as the bank is stating our account is behind.
Yesterday at 9:30 pm a repo company showed up at our door to take possession of our car. No notice was given that the car was to be repossessed. No callbacks from Wells Fargo. No assistance whatsoever. Will probably end up on the phone all day trying to sort this out and hopefully, will not have my car taken. We paid $17000 for this car brand new and after paying for almost 4 years, we still owe $11000. I haven't figured that one out yet! Avoid using this fraudulent company at all costs!!!
First let me say we have done business with Wells Fargo for over 25 years. Home loans, school loans, business and personal accounts, credit card accounts. Not one negative mark on us over these 2.5 decades. We went to them for an auto loan for our son who is a young police officer and who has more than one account with Wells Fargo also. The application online was simple. What took place after was beyond ridiculous. Playing phone tag for weeks, no response to emails, excuses. They offered half of what we were asking for at a hefty interest rate for someone with 800+ credit score.
When talking to agent and told him this was unacceptable and that this doesn't speak well of them and told them my son was a police officer he said he would take it back to his supervisor and call back by 4:00 that day. Crickets... We emailed asking for supervisors contact info. Nothing. I am appalled at their lack of first responder support, customer loyalty and plain ol' common courtesy. We went to Chase, got it done in literally 20 minutes with a much lower interest rate! We will more than likely be moving ALL of our accounts out of Wells Fargo.
On July 16, 2016, we contacted Wells Fargo Dealer Services (WFDS) to obtain payoff information for our 2006 Buick Rendezvous. The payoff amount was given and we added additional funds to ensure that the daily interest accrued during the transfer of funds would be covered. We agreed to wait to contact our automobile insurance company to have the vehicle removed from our policy until the new owners arrived at their destination in order to ensure the vehicle was covered during transportation. When we made contact with our insurance agency they informed us that the financial institution processed the wrong vehicle.
On July 25, 2016, we contacted WFDS and informed them of the mistake and asked that the loan be reversed to correct their mistake. They asked for a letter to be sent to them explaining the situation and when we asked if a case number could be assigned to our situatio4n, they declined. At that time, we asked if they were going to return everything to the original loan number, dates, etc. They assured us that it would be returned to its original designation. We asked if we could still submit payments during the "correction phase" so the account would remain current, but they stated that the account was still officially "closed" and payment could not be applied to our loan until the account was reopened.
They also declined to remove the total amount due on the account from the refund check prior to releasing the refund but no explanation was given. We also asked if late charges would be charged or if they would report it to the credit agency since it might appear that the account would be in arrears. We were told that no late charges would be applied and they would not, under any means, report the account as being late or in arrears to the credit agencies. We made regular inquiries to WFDS, was very concerned that it was taking so long to correct the error, with no valid explanation. We were told by Katie, that it was taking a long time because the title processing through the State of Wisconsin Department of Motor Vehicles was taking longer than usual.
Months later the error was corrected and we received the refund check. We did not receive any type of payment due bill with the refund check. The next day we received two notices from WFDS in the mail asking for the "late" payments and when we got home from checking the mail, we received a phone call from the WFDS collections department asking where their money was and how did we intend on paying the amount in arrears. We spoke with Eli and asked him to review our file and see if he could tell us anything from what he was looking at. We asked if there was any annotations on our file explaining why payments hadn't been made, new loan origination date, etc.
Eli stated that there was nothing definitive in my file, no late notices, phone calls, previous collection letters - for three months. Eli stated that if there had been issues, there would certainly be some type of information in our file stating that. Since there was nothing, there was enough evidence to have this account directed to a supervisor to handle as it didn't fall under the usual collection procedures. He agreed that it should have been handled differently. During this phone call, we made the entire payment due electronically and gave Eli the bank confirmation number. We asked Eli if they had reported our account as being late to the credit bureaus. He didn't know so we asked that he check into it and have his supervisor get back to us.
Kip, the supervisor of the collections department called us back and let us know that yes, WFDS had reported our account to be in arrears to TransUnion, Equifax and Experian. We asked why this was done when we were told by two different employees that they would in no terms report us as being late as we have never been late and the account wouldn't be late at that time. Kip was not able to answer our question. We instructed Kip to send out a correction letter immediately and asked that the information be totally eradicated from our file. No trace, as they had promised to not send out a report and the correction takes weeks to process and that it can have an effect not only on our financial records but our hireability as well. We do not want any ramifications on our credit file or credit score to reflect their mistake.
We asked that a follow-up letter be sent to us in reference to this situation and Kip refused. Kip said, "'Just call me if you have any problems in the future and I will take care of it". We asked him if he could tell if there was anything in the system that showed why it took so long to process the correction and fix our account and he said from what he could see "It looks like it was something to do with the title'".
On October 21, 2016, we received a letter in the mail from WFDS. The letter stated that they had sent all of our personal information/original title, etc., to an individual we do not know. We assume he is a customer of WFDS and another mistake was made. The letter asks Mr. ** to return all the documents to WFDS. WFDS did not inform us of this until after the entire transaction was complete. Had we known about it, we would not have stayed in business with them, would not have signed the check or deposit it in our account. Every time we have tried to discuss this situation with WFDS, they refuse to talk about it. They refuse to give me any copies or information in order for us to protect ourselves against identity theft, etc. We asked that WFDS provide identity theft protection for my husband and myself. They refused. We asked for follow-up documentation for the complaint we filed, their "investigation" findings, etc., they also refused.
At that point in time, we were done. We contacted WFDS and asked to file a formal complaint. We spoke with Marna and asked that she record the entire conversation as she was taking a formal statement and it would avoid wasting time explaining the long story to someone new every time we have contact in reference to this situation. We have already wasted so much time supervising WFDS and making sure that we followed up on all their actions. A case number was finally assigned to the complaint, although it has not helped in any way whatsoever.
Marna promised to contact us in one week to update us on what she could find and she never called us back. We subsequently called the WFDS president's office to inquire to the disposition of the complaint. Months transpired with every excuse under the sun. We filed complaints with other agencies within the government to ensure our personal information, credit information identities, etc., were and are being protected as well as can be expected.
On March 29, 2017, we contacted WFDS and was told that a case manager had been assigned to our case. We called every week to check in and inquire as to the complaint's status, to no avail. WFDS said that Travis was my case manager. We left three voicemails on Travis' phone but received no call back from him. We called back again and was told that our case was closed, so we filed a second complaint in reference to the first complaint. Not only had no one contacted us to tell us that a case manager had been assigned to our complaint. They also did not contact us for any information or details about the complaint, but closed it and refused to give follow-up documentation to their internal investigation.
On April 6, 2017, Shaniqua called us and told us that, oops they made a mistake, no they will not pay to have our identities protected, no they will not do anything else to ensure that this doesn't happen again and they feel that sending the correction letter the credit bureau is all they are responsible to do. Again, we asked for documentation from them in reference to the investigation and they refused to give us anything.
The copy of the letter from WFDS that we did receive as a response to a complaint we filed with the Consumer Financial Protection Bureau, case number **, is false. It reads as though they sent out the letter to us immediately telling us of their error sending our paperwork and personal info to a stranger. We did not receive the letter until after everything was reversed and the check deposited. Also, they did not send out a request for correction to the credit agencies until we told them to do so. We called the phone number at the end of the letter and asked to speak with Laura ** and was given her voice mail and left several messages to which none were returned.
We received a letter from Cederic **, WFDSPO, he declined to inform his bosses that when he approached them with a resolution that he misinformed them and told them we were asking for identity theft protection, negation of the loan and $10k. We knew at the end of the conversation he would get it wrong, again. We asked that they either negate the loan ($3k) or provide identity theft protection for five years for my self and my husband with a company of our choosing. That was all. He closed the complaint and told us to start from scratch. We filed the third complaint with Elena. They have surpassed all of their suspense dates and times and when we asked to have a hearing that they informed us we could have in reference to voluntary surrender of our vehicle (NOT a financial surrender). They refuse to do that and told us if we want the hearing to do it ourselves.
They did threaten to put negative information on our credit file and seek court proceedings to repay them what would be left on the loan after the vehicle is auctioned. We asked how they knew what would happen as a result of the hearing when they stated they have no history of anyone requesting a voluntary surrender under our circumstances they refuse to answer any questions and threaten us with closing the third complaint.
We spoke with Kip **. WFDS Collections Manager and informed him that we are considering the voluntary surrender of our vehicle because of the horrendous treatment we have suffered by their hands and that we do not have any desire to stay in business with them. Kip directed us back to the WFDSPO to file the voluntary surrender. WFDSPO directed us back to Kip and he stated that we are not allowed a hearing for voluntary surrender, only repossession for default on the loan. We discussed the prerequisites necessary in order for WFDS to start the process of repossession and he stated that he could change their rules and guidelines to whatever he thought best and he stated he has no intention whatsoever of repossessing our vehicle.
He will not afford us the right to a hearing prior to the repossession (even though their documentation states that we are allowed, by law, a hearing to understand what our rights are; WFDS/Mr. ** provided this document to us), he will only send information to the credit bureaus that we are late and refused to send follow-up documentation that outlined his statements. We continue to ask what WFDS has done for us as a customer, no response. We ask every employee that we have dealt with and receive the same response silence.
We have their correspondence, logs of all phone calls, dates, times, etc. They are giving false information to government agencies, accusing other government agencies for being at fault, mail fraud, wire fraud, truth in lending, false credit reporting, private information leak, strong arm delay tactics, threats to manipulate our decision making, adding extortion information into our account files, refuse to provide copies of documents that have been requested more than once and months ago; the list goes on and on.
Hopefully you never need a loan deferment over the life of your auto loan. WFDS has some ridiculous ideas of "deferments". I had some legal expenses and deposits to make up front in a previous month, so I asked for a deferment, thinking I would get 3-6 months of no payments, to be tacked-on to the tail end of my loan agreement. WFDS offered me a TOTAL of 3 months, over the life of the loan, however they can't be used all at once. I had to beg to use 2 months, since I was 2 months behind, and was told "ok, that's fine, however you can't use your last month's worth until THREE YEARS from now (so, August of 2020)"... How's that for customer service? They also suggested I just switch my due date to 15 days later than what it is now.
Since my due date is already close to the end of the month, that would put the new due date to occur near the BEGINNING of the month - I explained to them how that would not help me, since I have my house payment and beginning of the month bills due at that time. I also asked if I switched my current due date, could I call sometime down the line to switch it again, hoping for some flexibility, but no... that too, apparently doesn't exist in the WFDS universe, because once you switch your due date, THAT'S IT, there's no going back, and no switching it to a different date ever again!
Not really understanding how ANY of this is supposed to help a customer out if they have a monetary emergency. Legal expenses aren't something that can be budgeted for, if you don't know how much you're going to need up front! Sure, you could put aside some cash in an emergency fund, but really - in today's economy, who has a nest-egg already saved up with tens of thousands of dollars just sitting there for something like that? Not your average consumer. It's pretty sad, too - because this is the SECOND time I've had WFDS as my auto loan servicer. So I've been with them for awhile. The only positive thing I can say about any of this is at least I have the option to go into a WF bank to make my auto loan payment and they can do it right then and there - albeit with a bit of hassle.
My wife and I bought a 2016 Chevy Cruze. Unfortunately, it was financed the Wells Fargo. We have made payments for over a year. However, last year we were unemployed and are now underemployed. We have continued to make payments as quickly as possible. Now WFDS says we have to make a specific payment before they will stop any "process" (i.e. Repossession). I was prepared to make the payment and began to ask if They would send me an email to confirm that payment of the specified amount would stop any repossession. I was rudely cut-off in mid sentence and told: "We don't send emails"! That did not surprise me as they are always rude and treat you as if you are a criminal or you are trying to deceive them.
I have stayed in touch with them to let them know what was going on. They are always rude! They ask you to verify your personal information over and over. All of which I keep updated on the WFDS website. I would not recommend doing any business with a company such as Wells Fargo Dealer Services or Wells Fargo in general. I never will again. Can't wait til I can refinance with a reputable company.
I have approximately 20,000 in my Wells Fargo account. I have a 670 credit score (not great but not that bad either). I asked to refinance my high interest rate car loan and Wells Fargo offered me a loan almost double of what I have now. I went to Chase bank and they offered me a rate of 4.9% which isn't great but isn't 15% like Wells Fargo said to refinance. I am thinking about closing down my accounts here and just moving them to Chase. This is a horrible bank. I don't think I can keep my business with Wells Fargo the way they are.
We were 87 days late on payments because of financial hardship. We contacted Wells Fargo dealer service to see what we can do. They said we can do a deferment, all they need to do is send the forms for us to fill up. Pay a $25 fee and then pay a month's payment. Well they never sent us the forms. We have contacted them 3 times to get the forms and then one all of a sudden they tow our truck. We called them and the guy says, "well why didn't you respond when we tried contacting you." I told him we contacted them back 3 times for them to send the forms which they never sent.
The customer service representative on the other end gave me attitude and hung up on me. This got me so mad. Why is it the bank is never at fault. Oh and the funny thing is everything call and conversation is recorded so I'm not sure why they said we never contacted them back about the loan when we did. Now collections wants 1637.00 today and 2000+ tomorrow if we can't pay today. And in August it will be sold in an auction. I hope they close them down, they have no business doing business.
Well my wonderful Wells Fargo dealer experience started off when I made the DUMB decision to purchase a car using a Wells Fargo loan. All has been going well, payments are being made. Time came that we got in a financial hole, called and spoke to a rep who stated that my account would be noted for a payment to be made on Friday. The lovely Jack wagon of an employee FAILED to note my account regarding this issue, and my car was repossessed. NO notification of repossession, no confirmation, no phone calls, no mail and or email. They literally came to my house at 9:30 at night and repossessed my vehicle. I will probably end up selling this car as soon as possible, as I have never seen such a negligent company and I highly suggest against using this car loan service unless you want to be stranded with a child and no car, though things were settled from your end previously.
Dear Wells Fargo Dealer services, thank you for being the biggest pain in our arse that we have committed to so far. I put my faith in this company to take care of me and my family. Due to your negligence, me and my 11 month old were left without a vehicle, we were penalized and that should never have happened, and would have not happened if it had not been for your negligence. I will not be dealing with the customer service for this company for any further inquiries, as it seems that they have hired some half-wit robot monkeys to work in place of knowledgeable and trust-able employees. Seems rather ridiculous to be such a large bank and care so little of the people who support them.
I am having financial hardship due to an unexpected bill this month that is not a reoccurring bill as Wells Fargo seems to think. I've made every payment on time since I've had the loan and have never asked to have a payment deferred before. I called to have this onetime payment deferred and they refused to help. So anyone having a difficult time I feel sorry for you if you are with this company because they refuse to work with you on anything!!! So if you're a customer in good standing and have one bad month don't bother calling theses morons because they will refuse to help you other than saying oh well you can make a late payment... If I knew I was going to have the extra money to pay you a little late why the heck would I bother calling you for a deferred payment I wouldn't have. Let me just pull some money out of where the Sun don't shine and give it to you!
And the office of the President calls me and still tells me they can't help me. Well don't bother calling me wasting my time and pissing me off more then! And I made it clear to put in their records to not be calling me on a daily basis saying my payment is late when I called these idiots asking for a deferred payment for ONE month when my account has been in good standing for well over a year since I got the loan. Thanks for nothing Wells Fargo. I hope none of you idiots ever have a hardship!
There is a reason for all the one star comments on this board. Just spoke to a rude rep. There was no budging on agreeing to a very short-term catch-up payment plan during a time of financial and illness hardship. To leave the call without receiving support for a short-term payment plan was dismaying. The same hard-ball information could have at least been presented in a humanly way, instead I hear the rep munching loudly on snacks answering in a cold-hearted manner.
I was in a car accident in Nov. 2016. I had full coverage on my auto and I also was covered by GAP insurance. I also had a refund on a maintenance contact that was also applied to my final payoff. Wells Fargo was paid this amount and they held on to the maintenance refund check and took their time sending information to my GAP company in order to receive the final payoff. I had to call Wells Fargo to ask why this payment was not sent to GAP in order to satisfy my payoff. Well it was explained by a Wells Fargo rep that this is a process and it takes time.
While all this is happening it is affecting my credit. This loan didn't get satisfied until 6 months later and now I have a negative impact on my credit saying that I was a 120 days late and that the balance on my auto loan is a charge off and I have never been late until this incident. I will never do business with Wells Fargo and future toward I will make sure that whomever I speak with friends, family, acquaintance that this is a bank you don't want to deal with because of my bad experience. They are very unprofessional and thumbs down.
Had loan, called them to ask for help. Explained I can make current payments just can't make up the month and half behind. They won't work with you, they make calls all day harassing even at work. Repo truck called them. Friend loaned me the cash and still gave runaround. Call here hold 45 min to 1.5 hr, to hear to call back in couple hours. This went on for 4 days, still nothing. Never got any paperwork to even suspect that they were going to repossession of vehicle. To over 45 days before they even sent me anything saying to my vehicle. Now say sold my vehicle for low price and wants more money from me for difference. Why can't they work with you. No customer service there. Stay away. They are out to get you if you are not perfect person. Heartless and harassing.
Will never use Wells Fargo Dealer Services AGAIN!! Nor will I ever recommend them to anyone! I have gone back and forth with the Loan department because of a $398.89 charge that was added to my loan. No one has been able to give me an exact answer for the last 2 months. I also had a "late and stop payments" that were listed on my credit. I was NOT LATE. When I called customer service they said, "Oh no. You're not late. That was a mistake. Just fax over a dispute and we will process and see about taking it off." I have had the most WORST experience with them! Even the dealership that I just bought another vehicle from said they will NOT do work with Wells Fargo Dealer Services because of how bad their service is!!! DO NOT RECOMMEND!!!
I've only had my car since Aug. 2016. When I first got my car, I had my payments set up on automated draft. Some time around Christmas that stopped for some unknown reason. My payments keep getting paid late because of this but I make the payment when they call and ask them to set it back up. Well I haven't got a call about a late payment since March so I figured that my payments finally were coming out of my acct again. Then the day before I leave to go on vacation I get a letter in the mail that says I am 4 months past due and they are going to repo my car in the next week. I call them several times... it takes most of the day to find someone that is willing to "help". They agree to set up a payment arrangement (pay half that Friday and then pay the other half plus the next payment in 2 weeks). Problem solved... I can go on vacation without worry.
Well they never held up the payment arrangement and the day we got back from Vacation my car was picked up. It still had all our stuff in it! I made the payment in full through MoneyGram and called them like I was suppose to. They verified the payment and sent a letter of release to the repo man. They told me that it could take up to 4 hours to go through. Well it's been 2 days and they still haven't gotten it. When I call Wells Fargo they just tell me that it has been sent.
Wells Fargo Auto Loans expert review by Lauren Fix
Wells Fargo is one of the most widely recognized names in the finance and lending world. They have been in business for over 20 years and have a large, nationwide team.
Low rates: Wells Fargo is known for being able to offer customers with good credit histories loans with extremely low rates compared with other auto loan companies. Current customers of Wells Fargo Bank can receive discounted rates.
Refinancing: In addition to securing loans, they also help applicants manage their payments and find ways to lower their monthly payments.
Auto equity: Wells Fargo helps customers to get a loan for debt consolidation using the equity of their car.
Easy application process: The company makes it easy for customers to apply online with a simple online application form that only requires minimal personal and financial history information. This allows applicants to hear back about the company's decision right away. It’s easy to apply in as little as 5 – 10 minutes.
Support: Their auto-loan specialists provide customer support in a myriad of forms, including online chat, phone, and e-mail. This makes it convenient for customers to receive support no matter what method of communication is best for them.
Best for: Consumers with good credit, those looking to refinance their loan or those who want to consolidate their auto loan debt.
Wells Fargo Auto Loans Company Information
- Company Name:
- Wells Fargo Auto Loans
- P.O. Box 29704
- Postal Code:
- United States
- (800) 559-3557