Wells Fargo & Company Complaint - Here Is What The Bail Out Did For Me. From Wells Fargo Bank
DUNEDIN, FLORIDA -- Ok, I financed a car from Wells Fargo Bank 2 years ago. I had been working at my current job already a year. Well, 1/26/09 I was lay ed off from my job. I always have had very good credit. When I got lay ed off from my job with no chance of return. Like the rest of the 60 to 75 % of America is going through down sizing. And with not many jobs out there I new I had to do something. Plus on top of all of this I am a single mom trying to raise 2 teenagers. So I decided to let the Car go. I had received a severance package from my job upon being lay ed off. It wasn't much. But, it did buy me another car cash to drive around town in. I called up Wells Fargo Bank out of to tell them my story. They told me to first go to 3 car dealers first before handing over the car. They wouldn't give me one of their local bank locations to drop this car too. So I did as they said and I call them up and asked them ok.
Here are my appraisals from 3 different car dealers. Now what? The man at Wells Fargo Bank tells me to hold on the phone a minute. Then he comes back on the phone and tells me that the highest bidder was not enough. And that they Wells Fargo was not going to except it. Hey people were talking $10,000 dollars here. That isn't pocket change you know. So at this point I was very upset. And I told them you mean to tell me that you will not except this offer because its not enough towards what I owe on this loan. And the man from Wells Fargo said That s right. NO wonder Wells Fargo needed a bail out from the Government. They would rather come and pick up the car with no monies paid towards what I owe them Than except $ 10.000 dollars. I WANT TO KNOW WHERE MY BAIL OUT MONEY IS??? I told him I could not afford to keep this car and its full coverage insurance because of unemployment and other reasons.
And he was rude to me and suggested that I go out and find a job to pay for this car. I told him that car will sit with no insurance on it and I won't pay a dime. I told him I will call the attorneys Generals office and file a complaint against them. He laughed and said to me that won't help you this is a federal loan. And he also informed me that Wells Fargo has ways of making me pay for this car loan. He made it sound like Wells Fargo could sue me for this loan. I laughed at this point because I don't have anything that they could get. But, it left me wondering. I didn't know what he meant about a federal loan. Still no location to take this car. And as long as this car is in my hands I am responsible for full coverage insurance on it. God for bid something happen to this car in the mean time.
Also this situation has caused me a lot of mental pain and sleepless nights. If something happened to the car That would just prolong this problem. Mean while the car that I purchased with cash money must sit. Because of no License plate. Because I was going to transfer the license plate tag from the Wells Fargo Car to my Paid in full cash car. If only that would of been the case. If I could of transferred that tag to my other car with out any problems it would of only cost me $130.00 Dollars. But, because were I live I can't have a car without a license plate on it. I am forced to go buy a new plate for my paid for cash car at the price of $320.00 Dollars. I don't have the extra $ 320.00 dollars to do this. So I went and sold off some of what I have of my diamonds and gold jewelry to gather up this money.
Its not much. I'm not wealthy by no means. All because of Wells Fargo and the making me wait all this out. My boyfriend suggested I get Pre paid legal services. So I decided he was right. I need legal advice at this point. Prepaid had told me that they could send Wells Fargo A letter to find out a local location to where I could bring this car back to them. But, don't forget it takes 3 to 5 business day to mail to California. SO a letter there and a letter back from them. You are looking at at least 2 weeks maybe. So I'm looking to probably file for bankruptcy. I will know more tomorrow on this case.3/3/2009. When I see this attorney. Does anyone know if there might be a class action law suit against Wells Fargo??
Because if there is one, I want to sign up for it.
This situation has caused me a lot of mental anguish and has disrupted my family.