topic Re: Wells Fargo Sucks!!!!!!! in Credit Cards

Wells Fargo Sucks!!!!!!!

doc101 — Sun, 22 Jul 2012 01:05:19 GMT

Posted a few weeks ago that I was trying to get a secured card form these guys. Turned down the first time for "poor performace with a wells fargo checking and or savings account." I disputed the information and and asked that the app be reviewed again. I called the backdoor number found here and talked with a credit analyst from Wells. He listened to what I had to say and immediately asked how I got his number,lol. I told him there were several numbers on the Wells home page and just took a chance. He took my information and said he would send the app directly to the underwriters. The next day, he called and said the app was declined due to "charge-off" on an old account (Wachovia) in the amount of $93.00. I told him I've had the same account number for 5 years and have no other accounts. I thanked him for all his help and told him I would be closing all my accounts and taking my business elsewhere. I have been reading other posts about the secured card from BoA so I may just give them a try.

Re: Wells Fargo Sucks!!!!!!!

LS2982 — Sun, 22 Jul 2012 02:00:17 GMT

That sucks, I would go to a different bank myself.

Re: Wells Fargo Sucks!!!!!!!

Anonymous — Sun, 22 Jul 2012 10:20:40 GMT

so horrible.. unfortunately same exp here with BoA

Re: Wells Fargo Sucks!!!!!!!

RockinRay — Sun, 22 Jul 2012 14:12:21 GMT

It is too bad - sorry OP!

Wells could have taken that opportunity to turn things around for you - but - I guess they do not need your business. I hate it when banks operate like this.

Take your money and run.

Re: Wells Fargo Sucks!!!!!!!

doc101 — Sun, 22 Jul 2012 21:50:01 GMT

Thanks to all for the responses. Not sure where I will go but I'm definitely taking the money out and moving on. I will either move to a local credit union or BoA. I already have 2 secured cards and was hoping for a 3rd with Wells. Will do some research on the secured card from BoA before moving forward.

Re: Wells Fargo Sucks!!!!!!!

LS2982 — Sun, 22 Jul 2012 21:53:42 GMT

Go to a CU, you won't be sorry!

Re: Wells Fargo Sucks!!!!!!!

RockinRay — Sun, 22 Jul 2012 23:04:59 GMT

@LS2982 wrote:
Go to a CU, you won't be sorry!

+1 - a local CU will take very good care of you. They seem to "value" their members...

Re: Wells Fargo Sucks!!!!!!!

jsucool76 — Sun, 22 Jul 2012 23:08:07 GMT

Bah. I hope they don't close my CC when I close my bank account with them in a couple months that I opened only to get a CC with them.

Re: Wells Fargo Sucks!!!!!!!

Revelate — Mon, 23 Jul 2012 02:01:21 GMT

@jsucool76 wrote:
Bah. I hope they don't close my CC when I close my bank account with them in a couple months that I opened only to get a CC with them.

No real reason to close it with online access, you can get at the money at pretty much any time.

Lender underwriting and products change all the time, and WF might lose the branch lodged in one of their anatomical body parts someday. Even BOFA who has completely irritated me with their checking circus lately, I won't close the account as I might want something more from them in the future.

Re: Wells Fargo Sucks!!!!!!!

doc101 — Mon, 23 Jul 2012 02:12:03 GMT

Thats the goal I had in mind with Wells. Was looking to build some solid credit with them with the card while I worked to improve my scores. Once high enough, hopefully apply for a mortgage with them. Other than being denied for the secured card, I haven't had any other issues with them.

Re: Wells Fargo Sucks!!!!!!!

Revelate — Mon, 23 Jul 2012 02:18:43 GMT

Hah, yeah, I'm the exact opposite with BOFA: I've had repeated issues with my checking account (and I've had it for over 15 years) but every other product I've had from them has been first class. I highly recommend their secured card if you can get it, other than possibly the NFCU card, it's the best one out there... though people have reported anecdotally that's it's harder than some others to obtain, it's still worth taking a shot.

Others have different experiences. I guess someday a lender will get it all right but probably not anytime soon.

Re: Wells Fargo Sucks!!!!!!!

jsucool76 — Mon, 23 Jul 2012 02:25:01 GMT

@Revelate wrote:
@jsucool76 wrote:
Bah. I hope they don't close my CC when I close my bank account with them in a couple months that I opened only to get a CC with them.
No real reason to close it with online access, you can get at the money at pretty much any time.

Lender underwriting and products change all the time, and WF might lose the branch lodged in one of their anatomical body parts someday. Even BOFA who has completely irritated me with their checking circus lately, I won't close the account as I might want something more from them in the future.

I literally opened the account with minimum deposit just so I could get the credit card. I have no intentions of using them as my main bank (I bank with chase and ally), and they charge monthly fees for their checking accounts if I dont do direct deposit or carry a $500 balance daily, and I'd rather keep my money elsewhere.

Re: Wells Fargo Sucks!!!!!!!

Revelate — Mon, 23 Jul 2012 02:32:42 GMT

@jsucool76 wrote:
I literally opened the account with minimum deposit just so I could get the credit card. I have no intentions of using them as my main bank (I bank with chase and ally), and they charge monthly fees for their checking accounts if I dont do direct deposit or carry a $500 balance daily, and I'd rather keep my money elsewhere.

Not completely my point: in this case you opened the account just for the credit card, you might want that account for something in the future as well.

$500 isn't a big deal to leave sitting in some random checking account which you can get at, or close, at any point in the future. Factor it into your reserves if you're looking at it as a waste otherwise. Also $500 is pretty cheap compared to Chase or BOFA come to think of it; however, you probably can get better fractional interest somewhere else... though fractional interest on such a small sum doesn't amount to much but YMMV.

My thoughts anyway.

Re: Wells Fargo Sucks!!!!!!!

jsucool76 — Mon, 23 Jul 2012 02:44:25 GMT

It doesn't earn any interest. and I may be able to get to the $500 at any time, but the second I spend $1, I have to pay the monthly fee for my account. I'd have to put more than $500 in to cover any spending I do to keep my daily balance at $500.

Re: Wells Fargo Sucks!!!!!!!

Anonymous — Mon, 23 Jul 2012 13:20:36 GMT

@jsucool76 wrote:
It doesn't earn any interest. and I may be able to get to the $500 at any time, but the second I spend $1, I have to pay the monthly fee for my account. I'd have to put more than $500 in to cover any spending I do to keep my daily balance at $500.

I have a wells fargo account also to avoid the monthly fees i just direct deposit only a certain amount of my check into that account then transfer the money to my most used USAA account

Re: Wells Fargo Sucks!!!!!!!

Anonymous — Mon, 23 Jul 2012 16:14:31 GMT

I'd actually be a lot more worried about this "supposed" charge-off that they have listed with your name, apparently.

Re: Wells Fargo Sucks!!!!!!!

Anonymous — Mon, 23 Jul 2012 16:35:28 GMT

@Anonymous wrote:
I'd actually be a lot more worried about this "supposed" charge-off that they have listed with your name, apparently.

I agree. If information not correct, I would look into it.