Complaint Review: Wells Fargo Bank - Des Moines Indiana
- Wells Fargo Bank PO Box 10347 Des Moines, Indiana U.S.A.
- Phone: 800-642-4720
- Web:
- Category: Credit & Debt Services
Wells Fargo, Wells Fargo Bank Deceptive practices - first lies to get you, then lies to change account limits Des Moines Indiana
*Consumer Comment: Sooo...
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I was offered a Wells Fargo credit card with a very low interest about a year ago. When I transferred the balance to it from another card, I was told that I don't qualify for the low interest rate and was given another card with an extremely high interest (after a short intro low rate period).
They probably thought I was stuck because of the balance transfer...
When my low intro rate period ended, I got *another* card, with the low interest I was originally looking for (so, my credit was good enough to qualify to begin with), and had transfered the balance again, off the Wells Fargo card - no harm done. The Wells Fargo card stayed at $0 - I didn't use it because of the ridiculous rate...
A couple of days ago, I get a letter stating that my WF card limit was lowered by 60%, and listing the reasons for it - among them, that too many of my other accounts are delinquent, according to the Experian credit report.
I blew my top off! I *do* have an Experian credit report account, and was able to check it immediately - and it still shows the truth, that I wasn't even late on any of my bills since 2003.
I was furious enough to call and cancel my card, as well as file this report on the whole thing. Stay away from Wells Fargo credit cards - you can never know how they'll try to burn you next.
S.
San Francisco, California
U.S.A.
This report was posted on Ripoff Report on 02/07/2009 05:12 PM and is a permanent record located here: https://www.ripoffreport.com/reports/wells-fargo-bank/des-moines-indiana-50306/wells-fargo-wells-fargo-bank-deceptive-practices-first-lies-to-get-you-then-lies-to-ch-421476. 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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#1 Consumer Comment
Sooo...
AUTHOR: Mike - (U.S.A.)
SUBMITTED: Monday, February 09, 2009
Let me get this straight...
A zero balance WF credit card you were keeping open, with a rate you did not like, and that you never planned to put any funds on, had its limit reduced... and you do not agree with *one* of the reasons on the letter... and you are really upset why?
Can you detail again how you were ripped off?


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