Wells Fargo & Company Consumer Loan Complaint

Vehicle loan Shopping for a loan or lease

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

Consumer disputes how Wells Fargo & Company handled their complaint

Created with Highcharts 4.2.3Wells Fargo & CompanyComplaint HistoryComplaints1/20162/20163/20165/20167/20168/201610/201612/20161/20173/201700.511.522.533.5Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Wells Fargo & CompanyShopping for a loan or lease71.4%28.6%Closed with explanationClosed with non-monetary reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageShopping for a loan or lease0.6%7.8%0.7%0.2%1.8%1.3%86.5%1.0%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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