Wells Fargo & Company Student Loan Complaint

Non-federal student loan Dealing with my lender or servicer trouble with how payments are handled

Wells Fargo & Company Student loan department,

Non-federal student loan Dealing with my lender or servicer Trouble with how payments are handled California

One day, maybe in - or -, I took out a student loan with a bank that was not Wells Fargo ... I never originated a loan with Wells Fargo ... Ive banked there for over 20 years ... Never anywhere else ... Never a loan ... I assume Wells Fargo purchased the bank with which I originated the loan. How can Wells Fargo have rights that the originator never had? Wells Fargo, out of the blue one day in - of -, did an offset to my bank account for $1500.00 for a loan with a bank that would have to go through the legal system to get rights to my bank accountPlus the loan would have originated in - or - so it seems that the statute was up. To this day, I do n't know what loan this is about, and when I called Wells Fargo back in - -, I talked to an underwriter named - who was offered no explanation. When I submitted a complaint form, I got a letter from a person identified as -


Wells Fargo put me in duress by taking $1500.00 of my bank balance and telling me that if I would not agree to a monthly payment plan they could reduce my bank balance by 75 % whenever they please. The scenario was stunning, and has caused me emotional distress. I was intimidated and to this day I feel like Wells Fargo may go into my account for whatever reason they deem acceptable. I went to University -

Wells Fargo & Company customer in California
Sep 10, 2016

* Source: CFPB Complaint Database

Wells Fargo & Company response to complaint:
Closed with explanation

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