Complaint Review: Wells Fargo
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
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/reports/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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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