Wells Fargo Bank - Reasonable Cause?
Interest rate on unsecured line of credit - Complaint
Today I received a letter informing me of a 2.5% increase in my unsecured business line of credit with Wells Fargo beginning in May.
I called customer service who informed me the bank had reasonable cause to raise the rate but it was nothing to do with my credit history. A supervisor then told me that the reasonable cause was all about current economic conditions.
The Fed rate seems unchanged so I can only surmise that Wells Fargo needs to make more money on the backs of those of us who are trying!
Same smiling faces, same lousy service.