wells fargo auto financing

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Category: Business & Finances

Contact Information
Clarksville, Tennessee, United States

wells fargo auto financing Reviews

mizblu April 10, 2009

high interest rates

I had refinanced my 2006 Honda accord through Wells Fargo when I should have left it the way it was.I thought it would save me money because they paid the loan off which was 6 %, and they gave me extra money to do what I needed with since I had just purchased a new home and could stand for some cash. Unfortunately I fell for it and was left with a 15.99% interest rate that at this rate I will never payoff ! I wish the government will step in on this because WFA are getting over and no one is helping us consumers. something should seriously be done about this. I tried to trade in my car and because it was appraised at 14, 000, and I still owed 26, 000 on it thanks to the outrageous interest, I was unable to get financed because I am so upside down.

February 29, 2008

grace period

What is the purpose of a grace period? Apparently for Wells Fargo, it means nothing. Every month I go to their website and schedule my auto payment. Each time it is at least 2 days before the grace period ends, but each month I still get collection calls. I don't have an answering machine, but on my caller ID, it showed up that they had called my house 5 times in one day and on the 6th time I was at home to take the call.

I informed them each time I have spoken with them that I schedule my payments on their website so check that before calling me. I realize it is probably an auto dialer that dials the number then a live person gets on the phone, but it should be changed as to when the machine starts to call someone.

Another thing, it is no one's business at Wells Fargo as to why I use my grace period. I am never late and it is always before then end of my grace period, so to that idot that asked me that,IT IS BECAUSE I WANTED TO.