Wells Fargo bank stops taking payments from man who paid on time and early and begins foreclosing hi - Polidicks

My local chase bank has been EXTREMELY nice with our family. They basically slapped the higher up's shit when they tried to take our house when times were rough and got us a loan adjustment instead. And when i joined there, the guy set me up on a college account so i wouldnt have to pay monthly fees eventhough im not in college.

Wells Fargo is fucking evil, and my whole family, except myself is on their bandwagon. For all of you Facepunchers without a bank acct yet, go with a small bank or a credit union, they don't do this shit and they have great customer service.

Hey, they're getting better! Before the banks were foreclosing on [B]houses they didn't even own[/B], also regardless of whether the owner had paid bills on time.

One time a man got fucked over by a bank and someone torched it 7 days later

[QUOTE=AugustBurnsRed;40751264]Wells Fargo is fucking evil, and my whole family, except myself is on their bandwagon. For all of you Facepunchers without a bank acct yet, go with a small bank or a credit union, they don't do this shit and they have great customer service.[/QUOTE] This. My bank is a small bank who has locations in only 3 states. Their service is unparalleled. I call their number, I get an instant response from a real live person in the U.S. and the tellers are always so friendly and helpful (and fucking insanely good at counting money.) Perhaps more importantly I have never, [I]ever [/I]had a service interruption.

I used to think banks were just a place to keep your money. How the hell did every banks in the world become like this? these banks are like fucking Loansharks.

[QUOTE=BCell;40752686]I used to think banks were just a place to keep your money. How the hell did every banks in the world become like this? these banks are like fucking Loansharks.[/QUOTE] Banks have a motivation to make a profit, and when they deal with other people's money and possessions, then they're playing with people's lives. It's a business, about money, for money. What else does anyone expect? I myself use a small local credit union with 2 locations in my home town. They keep my money safe, I don't pay any fees or charges except if I cost them anything (using money I don't have), and interest rates are low. And I'm a partial owner just through my membership. It's a good setup, at least as good as you're going to get in terms of people trying to take your money who you are letting manage your money. But you've got to be wary of large credit unions. They aren't much better than banks.

[QUOTE=Rangergxi;40749944][del]Go fuck yourself Wells Fargo Bank.[/del]. If corporations are people than they're pretty awful people.[/QUOTE] They're not. Someone tried to get away with using the passenger lane by having his corporate papers in the passenger seat. He was pulled over and took it to court, where the judge pretty much determined that corporations are only people if they're donating money to politics. It's a fucked up and corrupt system we have in place right now. [QUOTE=Zenreon117;40750136]Because Too big to Fail. None of these bastards will ever get prosecuted because it seems no-one knows how to circumvent the financial system and just fucking send them to trial.[/QUOTE] I wish too big to fail just meant that if you fuck up, then the Government will seize your corporation and run it with a skeleton crew (no investing, bonuses, just cover the overhead) until it dies or is purchased (every branch would be for sale individual, or the entire corporation itself can be purchased). Extra money either gets split up among employees (not executives) or take it as a 'tax'. I don't see why we can't do that, at least then people would realise "Oh I can still lose this even if I am too big to fail."

[QUOTE=Sir_takeslot;40750074]Bank of America did this exact same thing with my family when they foreclosed on our house, shortly after my parents took out a loan and remodeled it, and put an extra room on. They started sending our payments back to us, and then we kept trying to get a hold of them to figure out why they where doing it. And every time we would contact them, they'd constantly move us between an office in Texas and California, and it took them forever to get back to us, or send us anything. Eventually, they told us they where going to foreclose on our house because we weren't sending in our payments. And, once again, every time we tried to contact them we got pussy footed around. Time to time, they'd want us to send in paperwork to both offices, and then of course, one of the offices wouldn't get them, and we'd have to resend both of them in. One time, they moved one of the offices, so we had to start the process over again. They even called us at one point and told us if we paid twice as much on our payments, there was a "chance" that we could keep our house. Once, right before they foreclosed on our house, they offered to sell it back to us, and even after we had moved out, they called us again and tried to sell our house back to us. It's absolutely disgusting they can do this shit. Although, when we moved out, we took everything we could out of the house, from ceiling fans to the toilets. We remodeled the house, so everything we bought, we could legally take. :v: and the shit we couldn't take, like our granite counter tops, we pulled off and busted up in the back yard.[/QUOTE] I laughed because what you did is epic and exactly what you should've done in your situation. But it sincerely sucks that this shitty bank did this to you guys in the first place. I wish there was something that could be done about this bullshit. There might be, but I'm not sure what. [editline]23rd May 2013[/editline] My avatar explains how I feel towards banks like this as well.

This is where you hope something will happen, but it won't. :(

[QUOTE=Sir Whoopsalot;40750438]So EA deserved worst company rather than Wells Fargo shit like this? Okay, good to know the internet has its priorities straight.[/QUOTE] EA came out the instant that they got the "award" and cried like a bitch. You know what Wells Fargo, Bank of America, or any other fucking company would have done? [B]Jack shit.[/B] That is why EA won. Of course there are numerous companies worse than EA, but not a single one of them would have even [I]noticed[/I] that they won. On top of that, it's a silly fucking online poll. It doesn't matter to begin with,

Don't worry, five years after Wells Fargo takes his home, he'll get a $300 settlement check in the mail.

[QUOTE=Unisath;40754887] On top of that, it's a silly fucking online poll. It doesn't matter to begin with,[/QUOTE] Except for the part where EA's stocks dropped last year when it came out and I'm pretty sure they did again this year but apart from that, it doesn't matter!

Does this mean that Tesla motors is getting foreclosed as well?

[QUOTE=Used Car Salesman;40754951]Don't worry, five years after Wells Fargo takes his home, he'll get a $300 settlement check in the mail.[/QUOTE] My family actually got a 3k settlement check not too long ago due to a mortgage foreclosing on our old home too aggressively or something like that.

[QUOTE=bob4life;40750317]Wells fargo pulled some shit where if you pull out money too many times from your savings account a month, they charge you $10 every time you pull over the limit. I pulled out twice over the limit. I was never told of what the limit was beforehand, and i was informed of the problem by mail. No, not email, thats too fast. They literally sent me a fucking letter. So that i can continue pulling money unaware that theyre sneaking money out of my account, while they send word through the slowest form of information transmission they have access too. I was pissed[/QUOTE] dude switch bank's or go to credit union that's some pure bullshit right there

My number was used for an account that had severe overdrafts and Wells Fargo wanted their money. I told them they had the wrong number, lady on the other end gets snarky with me. I basically spent a whole month either berating, shooting the shit, flirting, or otherwise screwing around with Wells Fargo people calling me. The snarky lady came on one day and was being snarky, so I said, "babe, you got my number, call me sometime when you're off work." "I'm married." "So? Threesomes are fun." As the ancient Hawaiians used to say, I am motherfucking charming.

I don't want to go all tinfoil hat here but I don't trust banks.

Keep your money in the banks. Seriously.

[QUOTE=GiGaBiTe;40750544]Many banks do this. I have a limit of 3 withdraws from my savings account per month or they start charging penalties. The problem here was that the man wasn't abiding by the terms of his loan. When you get a loan from a bank and the terms are that you pay X amount per month within a fixed period, you're expected to pay X during that fixed period. If you start paying more than the payment amount or paying early, it fucks with the banks books and causes them grief and lost revenue. This is why they bit the guy in the ass, and while it was a dick thing to do, it was probably written in size 0.5 font on the loan contract that they were allowed to repo his house. I feel sorry for the guy. But when you deal with banks, you have to play by their rules, whether you like it or not.[/QUOTE] Wow, that sucks. I'm glad the EU outlawed a lot of this shit to protect its consumers.

[QUOTE=BCell;40752686]I used to think banks were just a place to keep your money. How the hell did every banks in the world become like this? these banks are like fucking Loansharks.[/QUOTE] Basically, with the advent of reliable banking practices as the middle ages died off, some Venetian merchants realized they could lend out money that people had deposited, whilst compensating them in some way for being able to use their money. As time went on, banks grew, and were actually responsible for both major advances in economics (the industrial revolution would have never happened without them), for promoting war (bonds with low interest rates could be used to fund warfare by national governments), and for promoting peace (bonds could take a big battering if warfare broke out, so naturally people with an interest in making money don't want war). Nowadays, banks are rather bloated and large entities, often filled with rent-seeking people and incompetents, the regulation of which is not up to date. Banks bring more benefit than trouble imo, and we just need to fix the holes in them, especially rent-seekers.

[QUOTE=The golden;40755503]And banks wonder why people are withdrawing their money in droves and moving to credit unions.[/QUOTE] I did that this year after my bank (which isn't even that big compared to BoA) canceled my free student checking account and moved me into one with more fees than I can count, and decided to close the local branch, though I was apparently welcome to drive 30 miles to the nearest branch. Told them to fuck off and moved to the local credit union. Best idea ever... [editline]23rd May 2013[/editline] [QUOTE=areolop;40756346]Keep your money in the banks. Seriously.[/QUOTE] Bitcoins, AR-15s, 30rd magazines and gold. Glenn Beck says I'm immune to any future financial crisis.

I have Wells Fargo. They suck dick. Im getting rid of them this weekend. They charge me $12 to auto transfer over $0.82. That $12 puts me -$1.45 on my checking account. THEN since im in the red, they charge me $35 overdraft fee. all that for an auto transfer that didn't need to take place at all. I didn't buy anything.

[QUOTE=Demolitions2;40758406]I have Wells Fargo. They suck dick. Im getting rid of them this weekend. They charge me $12 to auto transfer over $0.82. That $12 puts me -$1.45 on my checking account. THEN since im in the red, they charge me $35 overdraft fee. all that for an auto transfer that didn't need to take place at all. I didn't buy anything.[/QUOTE] i fucking hate "overdraft protection" charge me $35 because i was a buck short in my checking

[QUOTE=Super Saiyan Yerbs;40749883]That's fucking disgusting, hopefully he can fight this and win.[/QUOTE] I hope the guy who disagreed has a mod with Wells Fargo :v:

And this is why credit unions will always prevail

[QUOTE=Used Car Salesman;40754951]Don't worry, five years after Wells Fargo takes his home, he'll get a $300 settlement check in the mail.[/QUOTE] God Bless the United States of America. A land where if a man works hard he can own a home and provide for his family. A land of fairness and opportunity...

My local chase bank accountant calls me every so often asking how things are going, and giving me a checkup on the status of my account he's fucking great

Kinda makes bad business sense as well. My understanding of a secured loan is that you have your set payments. If you wish to pay early you can be charged an "early repayment charge" (so they don't lose out on interest, I think it's usually higher than the interest that would be earned). All they're doing for themselves here is losing what sounds like an excellent customer and costing themselves money in the long run.

[QUOTE=Sobotnik;40750973]sobotnik[/QUOTE] quit being dumb