Have a Home Project loan and set up recurring monthly payments. After first payment, they took $8,702, the balance of my loan, from the checking account I authorized monthly payments be taken from and from which I pay my monthly living costs.
After 2 hrs of telephonic conversations, I am advised that I must wait 14 days for a resolution. Had to transfer $ from IRA account to pay my bills timely.
Having watched them testify before Congress for their deceptic business practices, I had an ominous feeling about associating with them. Should have listened to that small voice.
I will be surprised if this turns out in my favor. It may be a godsend after all, because if they keep all my money I will no longer be associated with them.
Product or Service Mentioned: Wells Fargo Construction Loan.
Reason of review: Problems with payment.
Monetary Loss: $8702.
Preferred solution: Full refund.