9.6K views 2 years ago UNITED STATES Wells Fargo customer remediation check - legit or scam? A refund check is attached that includes fees , charges and interest as well as loss of compensation. I got the text that I had a package being delivered and was sure it was some sort of scam. If you didnt claim the state tax payment as a deduction, you dont have to report the refund as income. Exact same thing happened to me in 2018. I had extra fees, I had no idea my car was even sent to the auction house. The scandal first came to light in early September 2016, when the bank said roughly 1.5 million bank accounts and about 565,000 credit card accounts might have been created without customer authorization. They repossessed her car, no warning, and she had to pay for the towing fees, other fees, and another month ahead even though she was a month ahead. They claimed they made a mistake. The IRS may contact you if they see any kind of discrepancy on your return. They breached the peace and called the police on me. A few ways to avoid the fee are by: Keeping at least $300 in this savings account.. Then they lost my car and I had to call around to different people at the auction house in Atlanta to find it myself then notify them where it was and who I talked to! IRA eligibility I had no vehicle, no place to actually live and no money. Please add me to this suit because the wording on the letter is deceiving once again. You can report unauthorized emails to phishing@irs.gov. Some one please help w this mess. Has anyone had any experience with this? Now I have to pay 10900.00 to get my 2015 car back!!! My used truck was repossessed without note. The repoed my car in 2015 without any warning, and said I had an unpaid balance for 6 months. Wells Fargo illegally repossessed my car. We have provided remediation to eligible customers with policies opened between December 3, 2008 and November 30, 2016. I am furious with Wells Fargo and have been for years!!!! To make matters worse the next month credit reported as a repossession on my flawless credit. See the New York Times article " Fargo, Awash in Scandal, Faces Violations Over Car Insurance Refunds ". Wells Fargo is still totaling the number of affected customers. I have not received anything from them since 2019. The repossed vehicle, failed to tell me of available options to assist me with keeping the vehicle. My vehicle was also repossessed in 2014, and was forced to file bankruptcy to retrieve. They had me make a payment and told me to keep up with monthly payments moving forward and that, by doing so, I would keep my loan and my car. I went threw this as well i believe paid my loan Friday before bank closed my van was repoed on sunday it was aweful 3 kids and two jobs the towed with no warning no paperwork they wanted an ungodly amount to get it back and towed so far they wanted 900$ for just the tow. They didnt reach out or anything they just came and got the car. They also to my car to auction earlier than the State of Florida Law allows! Please call me at Nin e Fi ve Fou r 228 si x, s ix, fo ur, fo ur, Thanks! Thanks! Twitter: @Margarette.The article Wells Fargo Reveals Wider Abuses: Are You Owed Money? So I had decided to go to the auction and try to buy my car back like that. Wells Fargo sent me a check and admission letter as well. Its important to read their notice carefully and respond by the deadline given. I got a check for almost $5,000 which I put in a savings account and havent touched just in case this wasnt legit. The length of time Online Statements are available to view and download varies depending on the product: up to 12 months for auto loans; up to 2 years for credit cards, home equity lines of credit, and personal loans and lines of credit; and up to 7 years for deposit accounts, home mortgage accounts, and trust and managed investment accounts. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed. If you have any questions that are not addressed above, please visit us in one of our branches or call our 24/7 toll-free number at 1-800-TO-WELLS (1-800-869-3557). So, I did not have a chance to borrow money to catch up. but I will never again own a home and have the American Dream. No. My vehicle should have never been repossessed. I called and set up 2 payments to get me current. Now I got a check in the mail on 8-29-2021 for $148 for incorrect repo costs they also gave me no opportunity to get the vehicle back even though I was paid up to date. From the main menu, select Statements & Docs. the issue is wells fargo is being allowed to rip americans off. I would like to be added to this as well. I think they might have sold my car at auction before the deadline to reclaim my car and have it reinstated is why they could not find it and took so long getting it back to me. I am wondering what they expect me to do with the title. Shortly after I found out my vehicle was sold at auction for around $9,000. However, you should never treat your refund as a substitute for a payment owed. I lived in Virginia then and I know I no longer owe that old car debt! This is when I finally received the information I had been awaiting. My car was totaled out and insurance paid the car off. I just got one yesterday as well. They sent me no info etc. We ended up sleeping inside my sister car during heatwaves. In the past, Wells Fargos team members referred customers to third-party insurance companies for renters and simplified term life insurance products. GAP may be purchased in full or financed as part of the motor vehicle financing agreement with the dealership. 420 Montgomery Street. The best way to check on your state refund is to access the website for your states tax board, department of taxation or other state tax regulatory department. Please consult your tax and legal advisors to determine how this information may apply to your own situation. Wells Fargo systematically failed to inform the Public Auction Class Members that their vehicles were being sold at a public sale, and the date and time of that sale, as required, plaintiffs said. I am not cashing that check. Some Americans using their services have expressed frustration this week that the Covid-19 payment hasn't hit their account yet, despite other people receiving theirs early. Since then, additional investigations have revealed more unsavorypractices at Wells Fargo, and several high-rankingbank officials have stepped down. In addition, the repossessed vehicles were taken to auction prior to a required 15-day redemption period, plaintiffs said. We were struggling to put her through school. I then applied for a loan and they gave the lender a price I owed $2,000 more than what they said I owed and the loan didnt go through. I also had a vehicle repossessed by Wells Fargo in 2014. Vehicle was repossessed in 2017 and now reflects Closed-Paid repossession on my credit report. The chart below includes recent FTC cases that resulted in refunds. Plaintiffs claim the amounts owed were not accurately detailed in the repossession notice. Wells Fargo said Aug. 31 it may have opened as many as 3.5 million unauthorized accounts, a sharp increase from the 2.1 million it previously announced as part of a$185 million settlementin September 2016. Now I have no job, no car to get a job and no credit to buy another. *Your refund status will not be available on the Revenue Online portal. It was emotional unsettling because it effected my job. I was sent a $1400.00 Had vehicle repo by Wells Fargo. I recieved calls every day that may have been them but could have been telemarketers since a message was never left. I got home this morning and didnt see anything, went into my room it was on my bed. Don't Miss Out! Wells Fargo, one of the largest U.S. auto lenders, could end up paying more than $400 million in guaranteed asset protection refunds beginning in 2022 to U.S. car buyers who pay off auto. This website has been designed to answer your questions and to provide you with contact information for customer care teams that can assist you with any additional questions you may have about the following issues: If you have any questions about any remediation you have received or your eligibility for future remediation regarding the issues covered by the settlement agreement, we encourage you to contact the responsible Wells Fargo Customer Care Team. Omg! I have on one the way right now, thing is I'm 16 and I'm 100% sure I've never had an account with them. Should I cash it? I fight for myself and all other victimized by Wells Fargo. I never receive any information as to where or how to redeem the car. And they wd send me the title to the car they repoed last march??? If youre owed money or your credit scorewas damaged, Wells Fargo will help you once youve made contact. Is it real payment from settlement? Not sure if I qualify. Im a single mom who has been stuck literally with NO WAY TO GO since November 2020. It was winter and with no heat etc. No car, bad credit and the embarrassment! In September 2016, Wells Fargo entered into agreements with the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, and the Office of the Los Angeles City Attorney to address allegations that some of our retail customers received products or services they did not request. Wells Fargo (WFC-0.02%) is facing new scrutiny from the Consumer Financial Protection Bureau (CFPB) over how it formerly disclosed and assessed monthly fees on certain consumer bank accounts. I did not give them the truck they took it from my 15 acre private home without my knowledge. Additionally, the repo company stole my belongings in the car at the time totaling $10,100. Now I have a bad credit due to that loan as a charge off and it wasnt even my fault. I just got a letter telling me to cash my check from them.. they took my car in 2015 with no warning and I was only behind in late fees they kept adding on.. Can they not tell you? Can I have more info please? Now, 12 years later, Wells Fargo states, my credit needed corrections. They said I didnt have enough insurance on my car when I was going through American family insurance. The car was impounded at a lot 45 miles away with little public transportation access. I had a Well's Fargo account for several years. GAP products offer customers additional protection beyond a standard automobile insurance policy in the event that their vehicle suffers a total loss (for example, if the vehicle is in an accident or is stolen). There's a chance you don't qualify for the entire stimulus check under the new relief plan, as I wrote about for the Deseret News. The CFPB also ordered the bank to create plans to improve internal business practices and pay back consumers. It was a couple thugs with no ids. Then, no one tells me that a stop payment was placed on the account from having placed a stop payment in that exact amount to WFDS 9 days short of 6 months earlier, and apparently Wells Fargo Bank keeps a stop payment to a vendor in the exact amount on file for 6 months and then its lifted, and if you want to make a payment to that vendor in that same amount within that six month period that is in the exact same amount, you have to call and lift the stop payment. With the repossession on my credit report I ended up having to sell my soul to another predatory lender for another car at twice the amount of my last monthly payment causing extreme financial hardship and emotional turmoil. I have been aggressively followed and stalked by whoever they contracted to reposes my vehicle for 6 months, they havent confronted me or anything that I can prove besides the fact that I can see them sitting and watching me everywhere I go, I now believe they are also the ones responsible for hacking into my phone & online accounts. They would only let me have it back if I paid the entire balance which was in the thousands. Terms and Conditions. I would like to hear from someone who can guide me with what steps I should take, to make this wrong doing, right! The customers eligible for this compensation had a CPI policy placed in Arkansas between July 30, 2012 and September 30, 2016; in Michigan between July 30, 2011 and September 30, 2016; in Mississippi between July 30, 2014 and September 30, 2016; in Tennessee between July 30, 2011 and September 30, 2016; or in Washington between July 30, 2011 and September 30, 2016. I called them on 1/26/21 to get current with loan and start payments. Never called just took my car. I had insurance and never missed a car payment. I feel something underhanded is going on here. Also stated that repo company can take this to auction in 48 hours. Case No. Wells Fargo did not . It is still on my husbands credit report and caused us to be denied a loan! If you prefer to file through the mail, you can fill out Federal Form 9465 and send it to the office indicated on the forms instructions. "The expiration . After about 3 or 4 moths the car was put in repo status and we were not given the option to pay the missed payments. But that doesn't mean it will go . But after that he stopped fighting for me, and then shortly after my car was repossessed. please include me in this lawsuit, mine night mare was in 2017, they took a Handicapped persons car in the middle of the night. They refused and loan provider refused just over $2,000 because it was short $300. After President Joe Biden's $1.9 trillion COVID-19 stimulus bill was passed last week, the IRS said it was sending out the first batch of checks by direct deposit, and that some recipients received their payments as early as Friday. On Monday the loan went to repossession and was taken Tuesday morning . Eligible customers are not required to take any action to receive this remediation and should have received notices and remediation automatically. Iowa Events Center 730 3rd Street | Des Moines, Iowa 50309. Woke up next morning, my truck was gone! To cash it all I needed was proof of identification. Wells Fargo repoed my car today.. I had 2 different cars repossessed in 2 different years was not notified about anything then sending me a letter saying I owed them way more then what was owed and yes they put it on my credit report this was not fair at all to me they are a very unprofessional company. I got a check for roughly $5200. If you have any questions about a notice or refund check you received or have not heard from Wells Fargo and believe you may be eligible for compensation related to a renters or simplified term life insurance referral, we encourage you to contact our Customer Care Team at 1-800-255-2338. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. These third party brokers were allowed to charge additional fees not allowed by law, according to the class action lawsuit. Once things were up and running and I was starting to receive unemployment so I had called Wells Fargo on March 26th to inform them of the situation and that I was very past due and wanted to make a $1000 payment over the phone. At first I thought my grandmother was being scammed but then after researching online Wells Fargo recently settled a multibillion-dollar lawsuit for all of the fraudulent accounts and other scams they brought upon their consumers she just received a check for over $800 not sure if everyone is supposed to get it how she qualified but they reached out to her second time to make sure she did get it. I didnt know there was a lawsuit, They did me the same way as this lawsuit with the other man and woman but I love in Ohio and the recovery place added an extra 456 to what was owed then put more money to what was added and not only did they wrongful take the vehicle but I wasnt told not one time by their representative when I point that out Wells Fargo claim that he did knowingly know that he did not and when brought up again they claim that they listened to the call but did not everyone that I talked to was either talking in circles or railroading and when asked about the reinstatement and the redeem of the amount owed it was totally different they try to argue the same exact thing and the rep his self said that the contract it self is confusing. Spencer Tierney is a writer at NerdWallet. Margarette Burnette is a writer at NerdWallet. The check does not begin to cover the series of financial woes following the repossession of my car. I called them and told them i would not be paying anything else to them regarding the vehicle because of how ridiculous all this had been. I paid my car note and woke the next day to go to work and my car was gone I thought someone had stole my car then my neighbor said it was towed after doing some research I realized wells fargo had repossed my vehicle after I already paid my car note all they could say was were sorry even though you made the payment thru already took the vehicle and you have to pay to get the vehicle back I was mortified. They also were denied permission to bring the car back to the repossession company in Milton Florida in which whom I believe also broke rules in the process of taking and storing my vehicle. Saarland University has been chosen as a local organizer of JURIX 2022. I was looking at the FAQs on the settlement site last night to make sure my check was real and there was a section for people who have since deceased and switching names on the check to be able to cash it. The check is for the amount in the difference of fees. Not sure what to do at this point. It was my truck in 2009. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); WF refuses to release my possessions from my vehicle they repossessed 2 weeks ago. Again, eligible customers should have received this remediation automatically and are not required to take any action. I used to pay o er the phone but they froze my account. Wells Fargo customers with an Everyday Checking account can avoid the $10 monthly service fee by maintaining a $1,500 minimum daily balance, maintaining a direct deposit of $500 or more, making. I was sent a letter that was confusing to me. I only owed $5000 on my car loan that started out at $16000. In addition, Wells Fargo has provided refunds and credits to customers of fees and charges associated with potentially unauthorized accounts and online bill pay services that were identified in response to customer complaints and mediation claims. It was confusing, I received a letter saying my truck would be sold a I may have to pay a difference if its sold for less than I owe. New York CNN Business . We lived in MD at the time. I don't see any watermarks on the letter or the check, but it seems to have a bunch of legit info on it. Deposit products offered by Wells Fargo Bank, N.A. , they repossessed my vehicle and because my nephew cosigned he had to pay about $7,000 to clear his credit. The IRS may withhold refunds if you still owe taxes. Hi yes mine did a few years ago and they sent me a check but I want more money. Wells Fargo dealer services reported to all 3 credit bureaus as repossessed. 03:26. Now I have a hard time getting credit and if I do the interest rate is sky high. Between September 2016 and July 2017, Wells Fargo refunded $3.7 million to customers for bank account fees charged onunauthorized accounts and lines of credit. I had been on the phone with them numerous of times telling them that the car never got repossessed. I have answered and let them know they must send me any and all information on this alleged repossession and the account. The check they set gets me by for a bit but it doesnt change the fact that my credit is ruined and I cant even afford to own a home of my own. Check out our list of Class Action Lawsuits and Class Action Settlements you may qualify to join! You will still receive a copy of your tax document in the mail if the delivery preference for your eligible account is set to Mail. If the delivery preference for your eligible account is set to Online, you will not receive a paper copy in the mail and your tax document will be viewable only through Wells Fargo Online. You can actually get this check transferred into your name I think. They may also apply interest and penalties on your bill. Yes,repossessed 2016 when payments where being paid through Ch.13 to Wells Fargo and charged those fees. Well, all of a sudden on Aug. 26, 2021 I received a cashiers check from them for $180.76 stating During a review of your account, we identified that we may have assessed an incorrect amount for repossession costs and as a result they were sending me this check for $170.40 related to the costs plus an additional $10.30 as compensation for the time these funds werent available to me (basically there calculated interest). You dont have to pay tax on your state refund unless you received a tax benefit by claiming the payment as an itemized deduction in a previous tax year. The bank began mailing refunds Aug. 31, 2017, and has delivered about 235,000 checks for a total of $11.7 million. The repossession notice sent by Wells Fargo to plaintiffs also uses the term reinstate and redeem interchangeably when these are separate terms and processes, according to the lawsuit, and adds to plaintiff confusion.
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