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Posts: 87
Registered: ‎08-10-2016
0 Kudos

Wells Fargo Fraudulent Accounts Settlement Offer

When I opened a business checking account with Wells Fargo in March of 2016 they also got me to approve opening a business credit card & business savings account with my signatures, but without my approval. Since discovering the extent of the fraud last fall, I wrote the board of directors as well as followed their instructions for a settlement claim which I did earlier this year. I am now in the process of discussing settlement offers with their representatives, but would like advice on how much to ask for OR if I should refuse any offers and wait until court-appointed mediation takes place. Current offer stands at about $1,500, my initial request was for $25,000. Any insights?

Current: EQ 710 TU 730 EX 700 || Starting (11/15): EQ 546 TU 553 EX 556 || AAoA: 3.4 Years || Inqs: EQ 5 TU 8 EX 11

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