Review and analysis of over 10 complaints against Wells Fargo & Company
Wells Fargo & Company consumers have reported over 10 official complaints related to Credit line increase/decrease. Out of the 10 consumer complaints against Wells Fargo & Company, 20% were disputed by the consumer (i.e. the consumer was not happy with how Wells Fargo & Company responded to their complaint) and 70% were processed in a timely manner. 10% of consumer complaints against Wells Fargo & Company resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 20% resulted in non-monetary compensation.
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Wells Fargo & Company Credit card credit line increase/decrease January 30, 2017 - I was ( closed my bank accounts in -/-/- ) a Wells Fargo customer for over 20+ years. I applied for a $10000.00 home equity loan over a year ago and was declined, however they said I was already approved for a $10000.00 credit card. I took the credit card with zero interest for one year. They upped my credit limit to $13000.00, and then to $16000.00 without me asking for increases. I now have a $13000.00 balance at 27 % interest and tried to pay down the balance with my bank account. I made a $10000.00 electronic payment on -/-/- and received a confirmation letter from We... |
Wells Fargo & Company Credit card credit line increase/decrease January 11, 2017 - I applied for a credit line increase through Wells Fargo so that I can increase my credit score. I have never been late with any credit card payments. Wells Fargo rejected my inquiry to obtain a credit line increase. My - - score is -. I requested a supervisor. A Wells Fargo supervisor named - ( Employee ID # - ) stated that there was very little activity on my - card. I replied that Wells Fargo was doing an injustice for excellent customers. So, now I have a hard credit pull from my report and no credit line increase.... |
Wells Fargo & Company Credit card credit line increase/decrease November 15, 2016 - WELLS FARGO OPENED ANOTHER ILLEGAL ACCOUNT. Account number unknown. On -/-/2016, I went to Wells Fargo on - - in -, Florida to ask for a bill consolidation loan. I was looking to pay off a high interest credit card by adding to my existing loan. I offered to have my paycheck direct deposited so that the payment could be automatically withdrawn each month. The clerk, without looking at my income documents, told me that my request could not be honored, no reasons given. Instead, she offered me another loan at the same high interest rate I was trying to pay off, that was declined. She... |
Wells Fargo & Company Credit card credit line increase/decrease November 11, 2016 - I was - and my credit cards were stolen. I am currently fighting via litigation the vendor and bank involved in the situation. Due to my attorney advising me to stop paying the fraudulent charges to keep my cards current, my credit score has suffered. My bank credit card even presented with this information reduced my credit limit $22000.00 making the card usable for my monthly needs. I escalated and underwriting refuses to do anything given my situation with evidence. I do not think this is fair given the situation and should be reviewed in a manner taking into account all other facts ( ... |
Wells Fargo & Company Credit card credit line increase/decrease October 29, 2016 - Requested increase in credit limit. The limits were approved without regard to income debt ratio. They approved debt without regard to whether it was feasible for me to pay back. Now I 'd like to move debt / consolidate to lower interest products and am unable to because all companies say my debt to income ration is too high. I 'm stuck with too high of a credit balance with an enormous amount of interest rate with no possibility of moving to lower interest products. It will take me 39 years to repay the credit balance if I continue to pay the minimum balance which includes high, ridiculous, a... |
Wells Fargo & Company Credit card credit line increase/decrease October 7, 2016 - On or about -/-/2016 noticed a charge of $620.00 on my Wells Fargo Visa credit card for - -. On -/-/2016, having not made such a charge I contacted Wells Fargo and initiated a dispute. Eventually I was told the charge was proper based upon the merchant showing proof of the charge and that the merchandise was received by me and because the card was n't reported stolen, as such the dispute was closed saying I owed. Then I filed a dispute in writing by fax and was told the charge was improper and they was crediting the $620.00. Then around - - or - I observed my ava... |
Wells Fargo & Company Credit card credit line increase/decrease September 28, 2016 - I WAS CONTACTED BY WELLS FARGO BANK ABOUT - OR -, I WAS GIVEN A CREDIT CARD WITH A $9000.00 CREDIT LIMIT, THEY JUST GAVE IT TO ME I NEVER APPLIED BECAUSE I DID N'T THINK MY CREDIT SCORE AT THE TIME WOULD ALLOW ME TO HAVE THAT MUCH ON A CREDIT CARD LIMIT,. THEY JUST GAVE IT TO ME, AND NATURALLY THOUGHT IT WAS A GIFT FROM -, I USED IT A COUPLE OF TIMES FOR CASH ADVANCEMENTS, AND TO PAY OFF SOME OTHER CREDIT CARD BALANCES, THEN ALL OF A SUDDEN THEY CONTACTED ME AND SAID DUE TO FURTHER RESEARCH THEY SLASH THE LIMIT FROM $9000.00 BACK TO $2500.00?? THEIR WERE N'T ANY LATE PAYMENTS ON... |
Wells Fargo & Company Credit card credit line increase/decrease September 25, 2016 - I had a credit card with Wells Fargo. I am unsure if I requested it or it was given automatically. I had a credit limit of - on the card and had a mortgage and my salary directly deposited into my checking account at the bank. I had no issues until some months later when I incurred a - monthly fee. I inquired and was told that in order to not have a monthly fee I would need " direct deposit and a we credit card with a limit of at least -. '' I told the representative that I met that criteria and then I was told that my credit limit had been reduced to $1400.00, unbeknownst to me. So... |
Wells Fargo & Company Credit card credit line increase/decrease September 16, 2016 - Wells Fargo Bank reduced my available credit line from $12000.00 to $2900.00. I have a perfect pay history on this ( and all ) accounts. This effectively created a maxed out tradeline, which hurts my credit scoring. I was given no advance warning. This was done because the card was on auto-pay and not utilzed. I am in the process of refinancing my home mortgage and a maxed out tradeline hurts my credit eligibility. This practice is inconsistent with consumers ' best interest and harmful to tradeline reporting. This should not be done if tradeline is in perfect standing. Wells Fargo ref... |
Wells Fargo & Company Credit card credit line increase/decrease March 23, 2016 - The credit line on my Wells Fargo visa was lowered from - to - because my credit bureau report in - 2016, showed unusually high balances. However, all of these balances have been paid off in full or were due to fraudulent activity on my credit cards. My credit bureau report as of now shows ZERO balance due on ALL my credit cards ; my credit shows PERFECT now as it should. It is not right that Wells Fargo should penalize me by lowering my credit line due to unauthorized fraudulent activity out of my control that showed temporarily on my credit bureau reports. There are fraud alerts on ... |