• Report: #323097

Complaint Review: World Savings

Featured Ripoff Reports

Past Featured Reports

Ripoff Report Corporate Advocacy Program
Help support Ripoff Report. Donate today.
Ripoff Reports Legal Ads

Ripoff Report Legal Directory

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Wednesday, April 02, 2008
  • Last Posting: Saturday, January 10, 2009
  • Reported By: — Hayward California
World Savings
1525 West W.T. Harris Blvd Charlotte North Carolina U.S.A.
  • Phone:
  • Web:
  • Category: Banks

World Savings HELOC Predatory actions Charlotte North Carolina


1Author 0Consumer 1Employee/Owner

Respond to this Report

  • Respond to this report!
    What's this?
  • Also a victim?
    What's this?
  • Arbitrate
    Set The Record Straight!
  • Repair Your Reputation
    ...the right way!
    Corporate Advocacy Program
Late 2007 I obtained an HELOC with World Savings Bank (my then mortgage company). After I received lmy HELOC (approximately one or two months afterwards) Wachovia Bank bought out World Savings leaving me with a balance from the HELOC that transferred over to Wachovia Bank. I made the decision to open a Wachovia checking account so that I can have online bill pay and also free automatic overdraft protection. At the time I opened my checking account with Wachovia bank they gave me a credit card without my approval. After this time I had made several purchases knowing (or thinking) that I had overdraft protection with my HELOC loan. This was not the case. They put everything that was overdrafted on the credit card that they gave me when I received my new checking account. I cannot have overdraft protection, nor can I transfer funds from this HELOC account to another account. What can I do? They did not disclose any of this to me when I got the HELOC loan nor when I got the new account from Wachovia Bank. There are too many restrictions on this HELOC which defeats the purpose of having one. I was deceived.

Marie
Hayward, California
U.S.A.

This report was posted on Ripoff Report on 4/2/2008 10:04:32 AM and is a permanent record located here: http://www.ripoffreport.com/banks/world-savings/world-savings-heloc-predatory-9389f.htm.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on World Savings

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Arbitrate
Remove Reports?
No! Better yet! Arbitrate to set the record straight!
REBUTTALS & REPLIES:
1Author 0Consumer 1Employee/Owner
Updates & Rebuttals

#1 Ex-Employee

You're kidding right.

AUTHOR: Tim - San Antonio (U.S.A.)

SUBMITTED: Friday, January 09, 2009

You are mad because you opened up a checking account with Wachovia then they gave you a credit card that you didn't have to apply for which gave you the overdraft protection and you are mad because you THOUGHT it would just go to your HELOC which is a MORTGAGE not a banking or deposit product. You stated yourself you didn't know if it would go to the HELOC but your upset because you didn't check on it or think to ask before you bought too much stuff!!!!!!!

So over consumers complaining because they didn't do anything to prevent their mishaps. The free overdraft is with the credit card and if you asked or read the application it would have told you this.
Respond to this report!
What's this?
Ripoff Report Verified Safe

Advertisers above have met our
strict standards for business conduct.

Ripoff Report Legal Directory