Wells Fargo & Company Debt Collection Complaint

Credit card False statements or representation attempted to collect wrong amount

Wells Fargo & Company Debt collection department,

Credit card False statements or representation Attempted to collect wrong amount Florida

In - -, a solar company ( not in business anymore ) sponsored by Well 's Fargo Bank scam me into buying a solar panel for $7900.00 when it was supposed to cost me close to $4000.00. Since I was not working at the time I never thought that WFB will ever approve me with what they were promoting as a Home Project Visa Card much less for $3900.00. To my surprise, I was approved not for the $3900.00 that the project cost but for $7900.00. I called the solar company and I was inform to make the first payment, wait 30 days and that after that they will straight everything out. When I call them again after 30 days, they were out of business. Well 's Fargo was not help at all. They said I must pay the full loan or they will report me to the credit companies. They did.


In - - I got another collector 's letter for the same amount, this time from - - - from -, -. I did ask them to prove me I own that money. They never responded. Since these collectors never responded, I did assume everything was Okay. Well, I am working now and want to start my own bakery business and to my big surprise and disappointment, when checking my credit score it was in the low -. The - report from - - shows the WFB loan shown as charged-off ( bad record ) but also shows a collection for $10000.00 from a - - - from - -, collector company I never heard of, where it state that the originator is Well 's Fargo Bank. To make matters worst, the loan has a date opened of - -, 2 years and 4 month after the WFB loan was approved. I understand that it probably was my fault that I fell for the scam to begin with, but whatever I did wrong, I did it in good faith and with no intention to hurt anyone. These companies, Well 's Fargo Banks and its accomplices, the collector - all they want is for me to pay for a wrongful loan generated by a corrupt bank or my credit history will be ruin, which already is. Now that I want to something good for myself and others, I found my hands are tight by a bunch of crooked white-collar scammers where my only option is to pay my - ( $10000.00 ) or else. All this information is documented and should you see that you can help me, fact that I will very much in appreciation, please let me know so I can have some hope for my future. Very truly yours, -.

Wells Fargo & Company customer in Florida
Jul 11, 2016

* Source: CFPB Complaint Database

Wells Fargo & Company response to complaint:
Closed with explanation

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