Wells Fargo & Company Consumer Loan Complaint

Installment loan Managing the loan or lease

Wells Fargo & Company Consumer Loan department,

Installment loan Managing the loan or lease New York

We took out loan # -with Wells Fargo for a boiler -/-/- and financed $ --9.0 % ( paying $ - ). Then we did loan # - for air conditioner -/-/- financing $4000.00 at - equal payments at 0 % ( paying $ - ). These work out correctly as per loans. ( paying $150.00 ) I am assuming as their bills do not specify how money has been applied. Then in - - we financed a hot water tank for $2300.00 @ 0 % for 18 mths. Our next payment from them was $230.00. The payment should of been $280.00 to cover the difference. We wanted to make sure that this was paid off in the 18 mths to avoid them billing us for all of the interest if loan was not paid off in time. I called and talked to a woman ( did not get name ) and after a long discussion about amount I finally got her to say that she would correct the problem and pay the $280.00 and correct amount would be applied to each loan. The following month the bill came and it was again $230.00. So I called and talked to


as far as I know ) and we did not want to end up paying the interest on loan # -. Said I was going to contact consumer protection and report them and - put me right through to an executive ( - - - - -. I explained everything to him and he said what can we do to resolve this. I replied to apply all the extra money I was paying to the third loan as it should be so we do n't have to pay the full interest rate if not paid in full by the - mths. He then gave me the name of a resolution dept. person, - - - - ext - ). Said she would be contacting us within 10 days and gave us a case # -. Said we could contact her even earlier. We have tried calling and leaving messages several times and have not gotten any response. So called the consumer protection agency today and was told to file this.

Wells Fargo & Company customer in New York
Nov 30, 2016

* Source: CFPB Complaint Database

Wells Fargo & Company response to complaint:
Closed with explanation

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