These people who are trying to refinance first they skip their payment to save money for 3 months to use for refinance cost but then they realize its reporting on credit. Since everyone was using online consent due to Covid19 and no one can go to physical bank to sign documents. They used online request and when their creditors deny their refinance request because they are skipping mortgage payments so now they are blaming the bank that they never asked for it. These people on news committing Mortgage Fraud which needs to be reported rather than showing them as victim on media. All banks and mortgage companies facing rising fraud due to people taking advantage of Covid19 and utilizing system in their favor.
WAIT!!!! DID I HEAR THAT RIGHT?!!! CREATING FAKE CREDIT CARD ACCOUNTS!!! NOW RUINING PEOPLE'S CREDIT?!!! WHY ARE THEY STILL IN BUSINESS? NOW IM TERRIFIED, WHAT IF MY MORTGAGE HOLDER IS DOING THE SAME THING☹
Don’t worry Barbie, you NCTs don’t have mortgages. Your all caps distraction is only a tired attempt to emotionalise a very pressing issue. Wells Fargo is the issue possum. Keep up...
@@michaelbray109 *COULD BE THAT I LIKE TYPING IN ALL CAPS TOO!!!! AND I DON'T HOLD A MORTGAGE WITH WELLS FARGO SO THEY AREN'T AN ISSUE FOR ME SPECIFICALLY, BUT I DO HAVE A MORTGAGE. EVEN IF THERE'S NO HARM TO ME, I CAN CERTAINLY EMPATHIZE WITH OTHERS🤷🏾♀️TURNS OUT I ALSO LIKE BOLD PRINT TOO🤭*
I had a 4 year loan with Wells Fargo,where they helped me buy a Jeep and they were good to me until I payed my loan off 6 months early and the woman on the phone started yelling at me,but they kept their word and sent me the title to the jeep and a receipt proving that I payed off the $10,500 loan and I am grateful to them, because nobody else would help me back then in 2012 when I needed it,but I didn't know it at the time,but that was when all of their legal problems were starting and I am glad I got the Jeep paid off when I did.
Tara Love I actually worked @ well Fargo during the time of the phony accounts. This was in. 2011ish. I only lasted 10 months, this place sux I thought to myself. It turned out I was right, WF sucked then and it sucks now!
@@dontundra2259 Is there no Bank Regulation in the US ? If you do this same in Austria, they will give such high fine, you will not forget this mistake for generations. WF does not learn, they getting worse and worse every year, last time, they opened accounts without notifications. No real punishment.
Wells Fargo doesn’t care. They will take from both hands (from the customer and from the government (your tax dollars). “I don’t have to be responsible because I am too big to fail.”
Wow I' m just shock someone mentioned expert Mrs Patricia I thought I' m the only one trading with her. She helped me recover what I lost trying to trade my self
Thanks for introducing me to Mrs Patricia My first investment with Mrs Patricia gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
I’ve been putting off closing my account with them for a while now........but this is absolutely insane, will finally be leaving that god awful bank this week.
Why do people trust their money with a company like this? Highly unethical executives in charge. They don’t give a dam about customers only money. Wells Fargo needs to be forced out of business.
So many business owners that have applied including me, we never got PPP from Wellsfargo. Lawsuit settlement that we were supposed to get was declined. Wellsfargo has CCP ties and I am getting out of this bank.
Most deplorable bank I will never bank with that bank ever again . Take your money out and do your business else where. Refinance with someone else. Thieves.
Wells treats its customers and employees equally cruelly. Move your bank account, move your mortgage, change jobs before you get run over by the stagecoach.
The most entertaining part is when management blamed the employees for opening up the accounts that customers never wanted. If you need a loan better off dealing with the Mafia than WF, at least would get a fair shake.
So when looking into this problem what happens is they put your payment on hold for a certain about of months.Interest accrues during that time. So depending on how long you go without a paying.By the time you make a payment more of your money would be going towards the interest. So save the interest accused over the months was 200 dollars and your payment is 500.200 would go towards interest while the rest goes towards your principal. And then your payments would be back to normal. If the interest accrual was 1000 and your payment is 500.Then all over your payment would go towards interest so thay would be 2 months your principal balance would stay the same.
And of course, when people's credit scores take a hit they'll have to pay higher interest on future mortgage loans. Hey, this is Wells Fargo... why should anyone be surprised?
This is what people should be protesting! All of the problems of inequality and the destruction of middle class begin with banks and credit card companies! You want to hurt someone, hit the their pockets!!!
My dad sent me money from wells Fargo. It went missing , then was sent to the wrong bank and someones account that wasnt mine. He had to try a d get his money back Took ages.
How many times do the people have to be ripped off by Wells Fargo before they stop giving them all their money? I use a credit union and never have a problem.
Mortgage servicer commits fraud to push the person into foreclosure. Apparently frauds in how your payments are counted are not illegal and there is nothing you can do.
People, check this out!!! I deposed 2 checks 12500 each, and WF put 7 days holding on it for verification reasons. Yesterday my GC called me and confirmed that money been payed to WF yestarday! When i caled to WF guess what they toled me!!!?
don't refinance it will increase the capital on the principal, unless the interest you have is obscene. but pull out the calculator, you have to take into account the commission fees etc, it might actually cost you more to refinance banks don't work for free remember that!
Corruption is Corruption I am having the same issues with JPMorgan Chase / just filed a complaint with the State and found out they are a Charter Bank I guess that’s what’s it’s called/ they gave me a case number and contacting the correct people for me.... Due to Chase falls under a different agency for Banking consumer complaints: However, they still assigned someone to work on my case!
So the money just disappeared? Where did it go? If they paid it, it has to be somewhere? If they took this people’s money but didn’t apply it to the loan then what did it pay for..... and if they took it as well as the government assistance ( the bank ) to cover the money loss during the virus crisis..... wouldn’t that mean fraud.... making money from the loan and then taking money from assistances programs?!
This bank needs to be eliminated.
These people who are trying to refinance first they skip their payment to save money for 3 months to use for refinance cost but then they realize its reporting on credit. Since everyone was using online consent due to Covid19 and no one can go to physical bank to sign documents. They used online request and when their creditors deny their refinance request because they are skipping mortgage payments so now they are blaming the bank that they never asked for it. These people on news committing Mortgage Fraud which needs to be reported rather than showing them as victim on media. All banks and mortgage companies facing rising fraud due to people taking advantage of Covid19 and utilizing system in their favor.
Yes they definitely do need to be eliminated. And why anyone would try to defend this bank who has been well known for CORRUPTION is beyond belief
@@brianoconner953 BINGO!!!!!
wells fargo is a great bank and they have been fixing it up well
@@daveco3217 lmao. You must be a Wells Fargo executive. Liar.
It’s shady bs like this that made me switch to credit unions years ago. Will never bank with anything other than a credit union ever again.
WAIT!!!! DID I HEAR THAT RIGHT?!!! CREATING FAKE CREDIT CARD ACCOUNTS!!! NOW RUINING PEOPLE'S CREDIT?!!! WHY ARE THEY STILL IN BUSINESS? NOW IM TERRIFIED, WHAT IF MY MORTGAGE HOLDER IS DOING THE SAME THING☹
Of course they are, it's in the fine print
Coco Butter Barbie I’d be sure to find out ASAP.
Don’t worry Barbie, you NCTs don’t have mortgages. Your all caps distraction is only a tired attempt to emotionalise a very pressing issue.
Wells Fargo is the issue possum. Keep up...
@@michaelbray109 *COULD BE THAT I LIKE TYPING IN ALL CAPS TOO!!!! AND I DON'T HOLD A MORTGAGE WITH WELLS FARGO SO THEY AREN'T AN ISSUE FOR ME SPECIFICALLY, BUT I DO HAVE A MORTGAGE. EVEN IF THERE'S NO HARM TO ME, I CAN CERTAINLY EMPATHIZE WITH OTHERS🤷🏾♀️TURNS OUT I ALSO LIKE BOLD PRINT TOO🤭*
@@alcyone-rising Thank you, I am looking into that immediately!!!
I had a 4 year loan with Wells Fargo,where they helped me buy a Jeep and they were good to me until I payed my loan off 6 months early and the woman on the phone started yelling at me,but they kept their word and sent me the title to the jeep and a receipt proving that I payed off the $10,500 loan and I am grateful to them, because nobody else would help me back then in 2012 when I needed it,but I didn't know it at the time,but that was when all of their legal problems were starting and I am glad I got the Jeep paid off when I did.
Wells Fargo has had so many scandals I'm surprised they still have customers
There’s a whole documentary on Netflix about Wells Fargo and their dirty schemes.
Hi, what is the name of the documentary?
Tara Love dirty money
Yes! I recommend you watch every episode of Dirty Money on Netflix.
Tara Love I actually worked @ well Fargo during the time of the phony accounts. This was in. 2011ish. I only lasted 10 months, this place sux I thought to myself. It turned out I was right, WF sucked then and it sucks now!
@@dontundra2259 Is there no Bank Regulation in the US ? If you do this same in Austria, they will give such high fine, you will not forget this mistake for generations.
WF does not learn, they getting worse and worse every year, last time, they opened accounts without notifications. No real punishment.
Why people still use this bank is beyond me ..
Bc they don't know & don't care! People usually bank for convenience too.
I still use them. Haven't had any issues.
They buy up mortgages. Some people get stuck with them.
I love wells fargo, media just covers all the BS they really have been fixing it up
So, where is there money going if it isn’t being credited toward to their mortgage balance?
#Harris2020Biden being laundered ****
Spent on Trump's failed fence.
Wells Fargo doesn’t care. They will take from both hands (from the customer and from the government (your tax dollars).
“I don’t have to be responsible because I am too big to fail.”
Crummy Bank.
If this is happening to you file a complaint with the Consumer Finance Protection Bureau.
Alot of mortgage companies do this they need to be watched and monitored!
Righ
7/28/2020
nice video, Mrs Patricia has shown me the better way of trading, I am blessed coming across her contact, her strategies are recommendable
Wow I' m just shock someone mentioned expert Mrs Patricia I thought I' m the only one trading with her.
She helped me recover what I lost trying to trade my self
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Patricia
I think she is the best broker I ever seen
Thanks for introducing me to Mrs Patricia
My first investment with Mrs Patricia gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
Mrs Patricia is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days
Her success story is everywhere
Sometimes I wonder if she's used magic power trade
I've never heard or seen any of her clients complain of Lost....I think she's just too perfect
Wells Fargo bought out my original home loan and I have since refinanced through a credit union. Best move I have made in years.
Nothing surprises me when it comes to Wells anymore- I would never bank with them
Horrible. God bless these families and protect them.
Had my Mortgagee with Wells Fargo. They had me classified as a bankruptcy which I never filed or needed to file. Ruined my credit for years.
I’ve been putting off closing my account with them for a while now........but this is absolutely insane, will finally be leaving that god awful bank this week.
Simple. Refinance with a different lender and dump wells Fargo.
Wells Fargo are getting worse.
Covid 19 isnt an excuse.
Agreed # 1
@@fahq285 stay well and safe.
Why do people trust their money with a company like this? Highly unethical executives in charge. They don’t give a dam about customers only money. Wells Fargo needs to be forced out of business.
So many business owners that have applied including me, we never got PPP from Wellsfargo. Lawsuit settlement that we were supposed to get was declined. Wellsfargo has CCP ties and I am getting out of this bank.
Closing my account now
"I Didn't ask for this" If you're STILL with Wells Fargo, then you asked for this!
Just assumed they will be closing on all of them...
I JUST OPENNED AN ACCOUNT . I WILL BE CLOSING IT TODAY...
Close your bank accounts with Wells Fargo, pay off your loans with Wells Fargo, and have nothing to do with Wells Fargo, then they will listen to you.
After all of Wells Fargo’s misbehavior, why did you do business with them?
I stopped trusting Wells Fargo...☹️
They really need to be put out for good.
I only bank with credit unions after working for Bank of America and seeing the corruption myself
Happened to my dad also 87 years old
Just 3 years ago they were opening up multiple accounts for a single customer. Now this $h!t..
Bank of America does that too.
Or when people closed their accounts or had their accounts closed on them but never really closed and owed a bunch of money on fees and overdrafts
Has anyone found.d out where the money is going if not towards their mortgage?
Most deplorable bank I will never bank with that bank ever again . Take your money out and do your business else where. Refinance with someone else. Thieves.
TD Bank tried the same thing with my wife and I
I’ll sue
You can't.
Wells Fargo is a mess
Wells treats its customers and employees equally cruelly. Move your bank account, move your mortgage, change jobs before you get run over by the stagecoach.
for one brief moment I thought they might be doing something nice for their customers. I'm closing my account immediately.
This is the plan to cause the next housing COLLAPSE
The most entertaining part is when management blamed the employees for opening up the accounts that customers never wanted. If you need a loan better off dealing with the Mafia than WF, at least would get a fair shake.
People don't use commercial banks for your personal accounts. Use a credit union if at all possible.
How is it banking institutions like this are still operating do they not have to receive federal certification and have a list of legal guidelines.
People; Stop banking with this garbage bank .
But what about the mortgage payments that haven’t been credited?
This is a sign of bigger problem inside the banks .
So when looking into this problem what happens is they put your payment on hold for a certain about of months.Interest accrues during that time.
So depending on how long you go without a paying.By the time you make a payment more of your money would be going towards the interest.
So save the interest accused over the months was 200 dollars and your payment is 500.200 would go towards interest while the rest goes towards your principal. And then your payments would be back to normal.
If the interest accrual was 1000 and your payment is 500.Then all over your payment would go towards interest so thay would be 2 months your principal balance would stay the same.
AND NOW FOR THE REST OF THE STORY ...AMERICA IS BROKE!
So much for "Courtesy".
And of course, when people's credit scores take a hit they'll have to pay higher interest on future mortgage loans. Hey, this is Wells Fargo... why should anyone be surprised?
That bank is horrible!
Great! Better check my mortgage now.
I ended my account with them after close to 20 years because of the way they illegally treated me. good riddance. discover is soooo much better.
I fired them as my bank and never looked back. Shameful behavior.... will never do business with them again.
I hate Wells Fargo. I remember being so happy leaving them.. until my mortgage ended up with them..
I’m scare I just got a well Fargo credit card. Just now hear about all their scandals 🙄 why are they still legally in business?
Close it & get one thru a credit union like Golden1. They are one of the big 4 & have a lot of protection!
Cut it up!
I'd NEVER go back to wellsfargo
So what happened to their payments? If they weren't being counted
Sue wells Fargo. For everything they got.
Why is this bank still allowed to exist?
This is what people should be protesting! All of the problems of inequality and the destruction of middle class begin with banks and credit card companies! You want to hurt someone, hit the their pockets!!!
Wells Fargo signed me up for oboe lessons and a backpacking trip in New Hampshire.
lol, probably
This could hurt your credit
My dad sent me money from wells Fargo. It went missing , then was sent to the wrong bank and someones account that wasnt mine.
He had to try a d get his money back
Took ages.
Also , that drives me crazy when WF talking about my overdrafts ! For every single overdraft i payed 35 $ !
How many times do the people have to be ripped off by Wells Fargo before they stop giving them all their money?
I use a credit union and never have a problem.
I can’t believe why people still bank with WFB.... a very horrible institution to bank with.
WHERES THE MONEY. SOUNDS FRAUDULENT TO ME.
Crazy!
Mortgage servicer commits fraud to push the person into foreclosure. Apparently frauds in how your payments are counted are not illegal and there is nothing you can do.
Never do bus. With this bank! Credit Unions are more trustworthy & offer better rates!
So where is the money going? And if not back to the owners or on their mortgage, isn't that stealing??
The money goes to their Escrow account or towards principal. Banks doesn't steal money because they are not you.
Probably just a hit job to eliminate banks by bigger banks.
Where did the money go? Did it just stay in their checking?
That happened to me
Sounds like someone either they are employees of the bank or managers is looking for a steady income after the pandemic.
Why does anybody bank with these criminals?
Wells Fargo needs to be shut down. Unethical, immoral, and predatory practices over and over again.
So did Wells Fargo steal their payments? If it wasn’t credited where did it go?
They should pay 100 billion and go out of business
Another reason this terrible bank is going under. Their corrupt bank bosses are making fat cat checks. But screwing their customers over.
What does Buffet have to say??
How is lobbying legal!!!!
No reason why they wouldn’t get their money back... this is the dumbest thing I’ve ever heard. Great job Wells Fargo
Their own fault to go with a bank that has a shady history
Most people don't necessarily choose their mortgage bank just a FYI
Whaaa let’s do a boycott!!!!
People, check this out!!! I deposed 2 checks 12500 each, and WF put 7 days holding on it for verification reasons. Yesterday my GC called me and confirmed that money been payed to WF yestarday! When i caled to WF guess what they toled me!!!?
Hard to see any problem here...
Take their money. Keep their debt. Corrupt AF
Same thing happened to me today! Figured id see what was on you tube about it...and....shocker, Im not the only one. why? And who benefits from this?
That's your fault for going to that bank. Like others.....
don't refinance it will increase the capital on the principal, unless the interest you have is obscene. but pull out the calculator, you have to take into account the commission fees etc, it might actually cost you more to refinance banks don't work for free remember that!
How in the world can they continue to use "Wells" in their name? No. All is not Wells, Fargo! Stop with the criminal behavior.
Wow!!!
Oh my stars! I lost my car because Chase never received a payment from Wells Fargo yet theyvtook the money out of my account.
Corruption is Corruption I am having the same issues with JPMorgan Chase / just filed a complaint with the State and found out they are a Charter Bank I guess that’s what’s it’s called/ they gave me a case number and contacting the correct people for me.... Due to Chase falls under a different agency for Banking consumer complaints: However, they still assigned someone to work on my case!
why does the government get the payout
Where'd their money go?
So the money just disappeared? Where did it go? If they paid it, it has to be somewhere? If they took this people’s money but didn’t apply it to the loan then what did it pay for..... and if they took it as well as the government assistance ( the bank ) to cover the money loss during the virus crisis..... wouldn’t that mean fraud.... making money from the loan and then taking money from assistances programs?!