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Wells Fargo Payback

Valued Contributor

Wells Fargo Payback

Wells Fargo credit card applications plunge 55%

 

http://wqad.com/2017/03/20/wells-fargo-credit-card-applications-plunge-55/

 

Message 1 of 11
10 REPLIES
Super Contributor

Re: Wells Fargo Payback

Reminds me of an old saying "... you made your bed now lie in it ..." ! They deserve what they get.
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Message 2 of 11
Community Leader
Super Contributor

Re: Wells Fargo Payback


Dinosaur wrote:
Reminds me of an old saying "... you made your bed now lie in it ..." ! They deserve what they get.

right!! +1

 

Not too mention those folks who have closed their accts and credit accts with them too... 

(BK7 d/c-08/2013/FICO-400's) ~ 07/2017 FICO 08- EQ-669, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink
Message 3 of 11
Valued Contributor

Re: Wells Fargo Payback

I opened a checking account a few weeks back ($250 bonus for 10 swipes) I was going to close it right after the bonus, and before I could they shut it down!

They couldn't tell me what the hell happened to my $500 deposit either they withdrew it via E-check all they keep saying is "we cannot see that deposit sir" but my Penfed has -500 "Wells Fargo ACHfunding".... I'm going to be filing a complaint with the CFPB if I don't receive a check by Monday.
Message 4 of 11
Super Contributor

Re: Wells Fargo Payback


Creditplz wrote:
I opened a checking account a few weeks back ($250 bonus for 10 swipes) I was going to close it right after the bonus, and before I could they shut it down!

They couldn't tell me what the hell happened to my $500 deposit either they withdrew it via E-check all they keep saying is "we cannot see that deposit sir" but my Penfed has -500 "Wells Fargo ACHfunding".... I'm going to be filing a complaint with the CFPB if I don't receive a check by Monday.

This is totally unacceptable and to think I had checking, savings, CDs, Note Loan, Personal Insurances Property Casualty, Credit Card and Investments before I wised up and left them. Long story short it related to their reconfiguration of Insurance for personal lines in Minnesota. How can they do that? Do they think we are all that dumb we will just let it go??? ;(

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Current Score: 828
Goal Score: 850


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Message 5 of 11
Valued Contributor

Re: Wells Fargo Payback

I have no idea!! The representative just kept saying how'd you fund the account? I said you guys took money out of my checking... he's like I can't see that here let me transfer you, and the next person is even more oblivious!! Then I asked for the checking # so when I file a dispute I can have a reference and he said "I can't give you that, it's closed".... obviously Smiley Surprised...

Message 6 of 11
Established Contributor

Re: Wells Fargo Payback

It's really quite astonishing that they'd pull such games after the disaster that befell them with the fake-account scandal. I guess some people haven't learned their lesson.

Ch 7 BK discharged 12/14, well along in rebuilding credit. FICO 12/1/17:TU 663/EX 697/EQ 688 FICO 8 (Aug 2017) or 680 FICO 9 (Penfed Sep 2017), VS 3.0 12/1/17: TU 699/EX 687/EQ 693. $33.2K revolving credit as of 11/7/17; $951 Cap One secured Platinum MC, $2000 Apple FCU Platinum Visa, $3500 Amazon Prime Store Card, $3500 Walmart Store Card, $3500 Cap One Quicksilver MC, $4000 Care Credit, $4300 Overstock Store Card, $4500 Discover It, $7000 Penfed Power Cash Rewards Visa, $10k PenFed used car loan, $5k Navient student loan. In the garden again from 10/26/17 for at least the next 3 months unless I get a really really good preapproval.
Message 7 of 11
Valued Member

Re: Wells Fargo Payback


pipeguy wrote:

Wells Fargo credit card applications plunge 55%

 

http://wqad.com/2017/03/20/wells-fargo-credit-card-applications-plunge-55/

 


I guess this is an excellent outcome for WF. Hard to see why would a dishonest company be that enticing to the 45%? Just because WF hand out a few hundred bucks so they could screw you up big time later?

Message 8 of 11
Established Contributor

Re: Wells Fargo Payback


GloeJohn wrote:

pipeguy wrote:

Wells Fargo credit card applications plunge 55%

 

http://wqad.com/2017/03/20/wells-fargo-credit-card-applications-plunge-55/

 


I guess this is an excellent outcome for WF. Hard to see why would a dishonest company be that enticing to the 45%? Just because WF hand out a few hundred bucks so they could screw you up big time later?


I think those 45% are the people who don't keep up with the news so most of them are likely unaware of what's been going on with that bank.

Ch 7 BK discharged 12/14, well along in rebuilding credit. FICO 12/1/17:TU 663/EX 697/EQ 688 FICO 8 (Aug 2017) or 680 FICO 9 (Penfed Sep 2017), VS 3.0 12/1/17: TU 699/EX 687/EQ 693. $33.2K revolving credit as of 11/7/17; $951 Cap One secured Platinum MC, $2000 Apple FCU Platinum Visa, $3500 Amazon Prime Store Card, $3500 Walmart Store Card, $3500 Cap One Quicksilver MC, $4000 Care Credit, $4300 Overstock Store Card, $4500 Discover It, $7000 Penfed Power Cash Rewards Visa, $10k PenFed used car loan, $5k Navient student loan. In the garden again from 10/26/17 for at least the next 3 months unless I get a really really good preapproval.
Message 9 of 11
Valued Contributor

Re: Wells Fargo Payback


Dinosaur wrote:
Reminds me of an old saying "... you made your bed now lie in it ..." ! They deserve what they get.

And yet some people are still stupid enough to open a new credit card with them anyway...and I have to look at one of these idiots every time I brush my hair. Brain Damage is the only thing that makes sense.




TU fico08=820 11/10/17
EX fico08=812 10/25/17
EQ fico08=818 10/25/17
Garden since 4/5/2017
Message 10 of 11