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Report: #580653

Complaint Review: Wells Fargo Auto Finance - Pace Florida

  • Submitted:
  • Updated:
  • Reported By: Jeremy — Milton Florida United States of America
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  • Wells Fargo Auto Finance 4870 Hwy 90 Pace, Florida United States of America

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Sr. credit manager of wells fargo auto finance of Pace, Florida used confidence tricks to keep me from asking more questions about a credit consolidation loan, before signing the loan.  She made me feel confident that I was doing the right thing.  Turns out that I made a big mistake and she made a lot of money!  Fraud was committed!



I am paying about $8,000 more in interest than what I should be paying for the credit consolidation.



The original loan on the vehicle was from Gulf Winds Federal Credit Union, which was for $19,000 @ 5.78% interest.  The amount of debt to be consolidated was $4,500 @ 21% interest.  The loan officer took a $19,000, 5.78% interest loan and added $4500 worth of credit card debt and put the whole thing at 16% interest.  She said "This is a good deal."



Turns out that this is the worst deal ever!  Don't ever use your vehicle as collateral for debt!



More to come as there is evidence of the fraud!



Jeremy E. L




This report was posted on Ripoff Report on 03/13/2010 04:41 PM and is a permanent record located here: https://www.ripoffreport.com/reports/wells-fargo-auto-finance/pace-florida-32571/wells-fargo-auto-finance-sr-credit-manager-used-illegal-confidence-tricks-in-a-credit-co-580653. 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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#2 Consumer Comment

*NATIONWIDE ALERT FOR ANYONE WHO HAS A CD WITH WELLS FARGO BANK!!! Make sure to 'Google' this- RIP OFF REPORT WELLS FARGO BANK CLAIMS THAT THEY HAVE LOST RECORD OF MY GRANDCHILDREN'S 100,000 DOLLAR CD

AUTHOR: Karl - (USA)

POSTED: Monday, March 15, 2010

and read Jim's Ripoff Report now!


*Please 'Google' this- RIP OFF REPORT WELLS FARGO BANK CLAIMS THAT THEY HAVE LOST RECORD OF MY GRANDCHILDREN'S 100,000 DOLLAR CD, and read Jim's Ripoff Report immediately and spread it all over the web at sites like 'TWITTER' & 'FACEBOOK'.

Thank You

P.S. Make sure to 'Google' this- BANK EXECUTIVES PROFITING ON THE DEATH OF EMPLOYEES, and read where Wells Fargo has $17 BILLION in secret life insurance policies on its employees.

Then 'Google' this- WELLS FARGO COMPLAINTS SECRET LIFE INSURANCE POLICIES, and read about all the other banks who are doing it too.
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#1 Consumer Comment

Same issue here in California

AUTHOR: Eric - (United States of America)

POSTED: Monday, March 15, 2010

We got sold on a consolidation loan using our vehicle as collateral. Then we get told that the only way they could do it was at 19%, but they could refinance it down considerably in 2-3 months. When we went to refinance, they said it was rejected because of "new open accounts". Well guess what? THAT was the new open account. So we got suckered into a loan that has ridiculously high interest and they don't seem interested in even speaking with us anymore.

Can you say predatory lending?

Avoid Wells Fargo like the plague.

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