Wells Fargo & Company Credit Card Complaint

Payoff process

Wells Fargo & Company Credit card department,

Payoff process New Jersey

-/-/-/-/-/-, prior to utilizing the 0 % promtion on purchases, called Wells Fargo to ask that if I used a 0 % interest for $10000.00 and then initiated another o % transaction a few months later, would all my payments apply to the first 0 % balance done in -/-/- and I was told yes. Based on this information I did the the 0 % interest which expires -/-/- and I made significant payments to pay off the balance on the 0 % interest. By - - I had already made $ - + in payments towards paying off the 0 % interest from -/-/-. In -/-/- I called to confirm my balance and I was told that the first agent gave me the wrong information ( I raised the issue to Wells Fargo customer service and I was told that they listened to the initial conversation I had with the agent, and the information provided was indeed incorrect ). I was then informed that rather than the less than $ - balance I had to pay was more like $4900.00 and that my payments were applied at a larger percentage to the second 0 % transaction I initiated which


The interest was " automatically reversed " once. In -/-/-, since so many errors were happening, I called to confirm my balance payment and I was told it was now $ -. I was confused since any purchase I made I paid within the billing cycle as to not accrue any interest or incur additional fees. So I emailed Wells Fargo for clarification, they told me the agent I spoke with who gave me the $ - figure was incorrect and that it was a different amount. In the email I specifically asked how much is the payment I need to make in order to pay-off the 0 % interest without incurring any fees, I was now told that I needed to pay by - - - another new amount of $5700.00. As instructed I went into the bank and made the payment by the - - deadline. I then emailed Wells Fargo to say the payment amount specified was made on time, and so the original 0 % interest is paid off. I then receive a response from Wells Fargo telling me that the agent gave me the wrong information and I need to pay more money to pay-off the balance, an additional $1200.00. And that this was a good learning opportunity for them ... and the client assumes financial responsibility of payments. How can I assume financial responsibility if Wells Fargo cant even give a client correct information on what they owe. Now I owe $1200.00 that I can not pay on time because I based my financial outlook on the last revised payment. Wells Fargo can not keep changing the goals and expecting the clients to be able to meet this and still sustain other financial obligations.

Wells Fargo & Company customer in New Jersey
Apr 26, 2016

* Source: CFPB Complaint Database

Wells Fargo & Company response to complaint:
Closed with explanation

Get Help

Get personal financial help today. Free tools, resources, and support you need.

Help Me

File a complaint

Submit a complaint with the Consumer Financial Protection Bureau today

File Complaint

Stop Phone Calls

Stop the phone calls, learn how to stop harassing phone calls

Stop Calls

Loading similar complaints

{{x.COMPANY}} {{x.ISSUE}} {{X.SUB_ISSUE}}

{{x.COMPLAINT_WHAT_HAPPENED | preview}}...

Read more