tjmmp56 wrote:
The entity to sue for the overdraft fees and penalites isn't WF. It would be the insurance company that continued to withdraw premiums when they were no longer authorized to causing the account to be overdrawn. When the funds were refunded from the insurance company the ovedraft fees and penalties should've been included with that. Wells Fargo furnished the account and OP agreed to certain account terms, which included od fees and penalties. Now I'm not saying the amount of fees are legit, but WF wouldn't be the party to take to court. And regardless, it's better to pay it now and fight about it later. Cleaning up credit is not easy task.
I agree. Just because the banks are in the process of settling a suit on overdraft fees, it doesn't mean you can skip on the bills and take them to small claims court while keeping your credit in tact. To me, the best option is to find the money somehow and pay before it shows up on your credit report.
How much are we talking about here? Is it in the hundreds? Thousands?
