Flynrider
Phoenix,#2Consumer Comment
Tue, October 25, 2011
" I am in the realestate business and have lots of influence over clients. You won't be getting any referrals from me either. "
If you are really in the real estate business then you know that no bank is going to refinance a mortgage that is under water. Do you know of a bank that will do this? Simple math would tell you that no lender is going to refinance your mortgage unless you are willing to come up with the difference between the outstanding balance and the appraisal value. You're complaint makes no sense in that Wells Fargo is no different than any other lender in this respect.
As for the credit cards, if you can find some other bank that will charge less interest (and allow a balance transfer), just move to another card. People do this all the time. If your FICO is really 800+, this should be a piece of cake.
I sense that you think you're entitled to have the terms of your obligations reduced because you're special in some way. I can't see it and neither can Wells Fargo. Neither will the next bank.
Robert
Irvine,#3Consumer Comment
Tue, October 25, 2011
I am also not interested in losing my home. I have an 800+ FICO score and have always paid my mortgage on time.
- For some reason this seems to be a common theme lately that because their home has lost value and won't lower the interest they somehow even though they can make the payments they magically will have to walk-away and loose their house. Perhaps you can explain this with your case.
You have an 800+ FICO, you are paying your mortgage on time, you don't want to go delinquent to try and get a modification, and as far as I can tell because of all of the contacts you claim to have it looks like you have a fairly stable job. So if you are being 100% truthful, just how is them not lowering your interest rate going to cause you to loose your home?
I am trying to trim the fat. So I called WF to get my interest rates reduced on my credit cards.
- You want to really trim the fat. If you are serious there are ways. You can get on a Debt Management Program(Credit Counseling). They will negotiate rates with all of your creditors to reduce or eliminate your interest rates. You pay the DMP a set amount every month and they distribute the money to your creditors. This is where your "seriousness" comes in. To get on these programs you have to 1)Put ALL of your credit cards into this program, 2)Not use the credit cards while you are on the program, 3)Not apply for any new credit cards while you are on this program. But it is a legitimate way to reduce your debt. Just be sure you are not in a Credit "Settlement" program that is totally different and can often screw you more than it helps.
So are you serious about "trimming the fat" or just want a better deal? If you are just looking for a better deal then no ripoff. You agreed to the terms and borrowed the money under those terms. Them not lowering the interest rate is not a ripoff.
I am very disappointed that I have been a consistant and loyal client and have gotton nothing in return.
- You got a credit card that they allowed you to borrow money on. What did that buy? You got a mortgage from them that enabled you to buy a house. Yep..nothing in return.