- Report: #779460
Report - Rebuttal - Arbitrate
Complaint Review: Wells Fargo
Wells Fargo420 Montgomery Street San Francisco, California United States of America
Wells Fargo World Savings/Wachovia Fraud, Preditory Lending, Pick A Pay ripoff San Francisco, California
*Consumer Comment: Just a few comments
*Consumer Comment: I thought people knew better than to get these loans
*Author of original report: Minimum payment
*Consumer Comment: Interest only
*Consumer Comment: Try nearby law schools
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After a a whileI noticed that the principal was going up, so I called them and asked why? I was told that was the program I signed for. I told the that was not my agreement and I want a fixed rate. They told me that it would cost between 9,000 and 10,000 in prepayment penalties. But I can take cashout and remain in said program with no prepay penalties. This has cost us alot of stress and suicidal thoughts.
I paid my mortgage on time for over 15 years at interest only. My principal never went down. I recently had my income drop over 50% and went late on the mortgage. They refused me a modification. I am a Disabled American Veterans lfetime member.
I have been trying to sue World Savings/Wachovia/Wells Fargo but I cannot afford to pay a lawyer.
The lawyers I contacted on a contingency basis said I have a great case and they will take it on, only to call me back and say someone in their lawfirm has them for clients and it would be a conflict of interest. But said to keep trying.
I am looking to sue them foe 5,000,000 for all I`ve been put through. I have no money for a lawyer and hope someone reads this and can help us.
This report was posted on Ripoff Report on 09/21/2011 10:47 AM and is a permanent record located here: http://www.ripoffreport.com/r/Wells-Fargo/San-Francisco-California-94104/Wells-Fargo-World-SavingsWachovia-Fraud-Preditory-Lending-Pick-A-Pay-ripoff-San-Francis-779460. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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