Wells Fargo & Company Consumer Loan department,
Vehicle loan Shopping for a loan or lease North Carolina
I have bought - - 2011 - from - - - , - . I was going through a Bankruptcy at that time. I paid $10000.00 down and rest financed by Wells Fargo Auto loan. The Finance department said to me that my interest would be 17.990 % because of my bad credit. Since I was in desperately needed of a car I agreed to the above interest. But I realized that they took advantage of my desperate situation and exploited me of my bankruptcy situation. This is unfair because in 2011 the average auto loan interest was less than 3 %. I strongly believe that the - - management and Wells Fargo deliberately duped me to pay high interest. I have been paying the monthly installment of - for the past - months that equals to $40000.00 for the loan of $30000.00. This is unfair and please makes sure that Wells Fargo write off the balance of - and take the lien from the title. Paying 18 % interest is like cutting your throat and I work 90hours per week to meet my both ends meet.
Wells Fargo & Company customer in North Carolina
Jan 31, 2016
* Source: CFPB Complaint Database
Wells Fargo & Company response to complaint:
Closed with explanation
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