Wells Fargo Personal Loans

I recently applied for an approximate $9000 personal loan. I have current EXCELLENT credit scores with all three credit reporting bureaus. The application was taken (recorded) and the representative gave me a range of rates for 30, 45, and 60 month loans (ranging from 9.758% to 20.019%. She asked to run my credit and knowing I should be on the low end, I said alright. She said the estimated rate would be around 9.5% for 60 months at $179.65 per month. She asked my permission to apply for the loan. It immediately came back from underwriting approved with what she called a possible error in the rate. She was shocked and at first would not tell me what the rate was. It came back at 20.01%. She never gave me the application number nor her full name, and was supposed to call me back in an hour after she spoke to the underwriter to find out what happened. I finally got the loan information and went to the bank in person. They could do nothing.

I will not be signing this loan at this rate of interest. I am mad because I now have a "hard hit" on my credit score and still need the loan for home improvement. I am shocked that they would tell you an estimated rate and then it come back approved more than double the rate! I would understand slightly higher but not this high. I have never been offered such a terrible rate on any loan my entire life.

Buyer beware ... do not trust this loan process, nor the lender.

I applied for unsecured personal loan of $35k with wellsfargo almost a month back and they collected neccessary docuemnts to process the loan. In between I came to know from wellfargo that my credit score was 756. I then called wellsfargo to check the status of my application and got reply that "My manager got in contact with another rep to discuss your counter offer they were unable to prove the amount for 35k. The counter offer is still on the table of 15k if you do decide to take it. Now your interest rate will be 16.25% for 36 months."

What a bank ahh! for an excellent credit score, the interest rate for unsecured loan is 16.25%... I was totally upset and replied immediately to know the reason for such higher interest rate though I have excellent credit score. the reply was "Well I didn’t make the rate. I put all your information in and sent it off to the underwriter, I do not know what they saw to give you that high of interest rate."

I now then thought of dealing with wellsfargo is waste of time. So I immediately replied them to withdraw my application and close all of my accounts with wellsfargo. It's such a pain. isn't it?

Then I applied with FCU and got an offer of 9% interest rate with immediate approval, which was lot lot better than wellsfargo without any pain like waiting for a month, call and check the status etc... My suggestion to you guys is, don't go with wellfargo. it's waste of time and energy.

Wells Fargo Personal Loans charges interest rates of 30 % I am an idiot I thought the interest fee was 15 % but after rushing through the singing process I later discovers ( 2 months into the loan ) I was paying close to 30 %\\\\I called them looking to re negotiate the interest rate but they basically told me tough luck. I sent in a loan app to my local bank + co signer and my rate was 7%. I had the wells Fargo loan paid out and told them to never contact me agian

The banks have opened the flood gates and are now lending the money. With multiple credit loan products not being offered to the consumer. Thus has our financial matters of our economy at the mercy of the banks. If you are a business owner or a personal looking to start up a business a need a loan or line of credit. Then the time is here and the time is now. Perhaps your in need of home repairs or cash flow improvement. Borrow the personal loan or line of credit from ulservices online at great personal loan rates today. Current unsecured loans are being offered at 8.9% and up and require limited to no collateral or documents. A great company to assist you with unsecured loans and credit line is ulservices online. They have proudly served the US for years.

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Went in the other day and requested a $3500 loan. They said I was approved for $10,000 and since I have good credit standing I'd get it for 19%. Nothing special about it....it ' s just the same as one of my credit cards. So I opted for the $3500 because that was all I needed.

So my loans officer has worked out some numbers and tells me that it would be $172/month. I thought "hey, I can afford that!" then she said it would be over 4 years (min term is 4 years). So I pulled out my cell phone and used the handy built in calculator. In the end it would have been $8300! That's $4800 interest on top of the principal amount! I told her that I didn't feel comfortable signing for it and she was telling me that $172 is the minimum and that I could pay it down sooner if I had extra cash. What if I could only afford $172 a month? You're telling me that I'm going to be stuck paying that for 4 years?

So I walked out of there and felt really good I didn ' t' get trapped with a 4 year contract. Instead I borrowed $3500 from a friends line of credit account (4% interest) and for $152 dollars a month for only 2 years the total interest paid would only be $150 dollars! Compare that to $4800 in interest if I had borrowed from Wells Fargo Canada! What could you buy for $4650 dollars? I can buy a whole lot and much more!

So do yourself a favour. Use these guys as a last resort because you could be paying back huge amounts of interest.