10-07-2008, 03:51 PM
|
#1
|
|
aka Spike
Join Date: Sep 2004
Location: The Darkest Corners of My Mind
|
Wells Fargo
What do people know about the Canadian version of these guys? They did my car loan and now they want to help me consolidated a bunch of things. I know they might be a bit more flexable then the bank, but something about them just makes me uneasy
|
|
|
|
10-07-2008, 03:53 PM
|
#2
|
|
Norm!
|
I used them when I was younger and I had meh credit and I bought a car using them. They treated me well, gave me decent service, were pretty professional and accomadating. However you will pay out the butt in interest rates to use them, and they will continually try to get you to borrow more money.
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
|
|
|
|
10-07-2008, 03:55 PM
|
#3
|
|
Lifetime Suspension
Join Date: Apr 2004
Location: Market Mall Food Court
|
Nothing wrong with them if they can offer you a low enough interest rate.
I stupidly applied for a Soundsaround card about 6 months ago. Paid it all off in a month anyways so didn't need that no payment, no interest crap. Now they keep calling me asking me if I want a loan.
|
|
|
|
|
10-07-2008, 04:46 PM
|
#4
|
|
Franchise Player
Join Date: Dec 2007
Location: CGY
|
I used to work in a place that had Wells Fargo available.
I'd never ever use them myself.
__________________
So far, this is the oldest I've been.
|
|
|
|
|
10-07-2008, 04:50 PM
|
#5
|
|
Franchise Player
Join Date: Oct 2005
Location: Calgary, AB
|
I know they're in a bitter battle now with Citibank for Wachovia.
|
|
|
|
|
10-07-2008, 05:01 PM
|
#6
|
|
Norm!
|
If your credit is bad and prevents you from getting lower interest loans from banks etc, or prevents you from getting credit cards, then you can use a Wells Fargo to help you fix your credit. But if your credit is anywhere above average then they probably aren't needed .
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
|
|
|
|
|
10-07-2008, 05:10 PM
|
#7
|
|
addition by subtraction
Join Date: Feb 2008
Location: Tulsa, OK
|
kinda weird how wells fargo is viewed up there. down here, its just a normal bank. not a fixer upper where you just need them to get your finances better.
__________________
Quote:
Originally Posted by New Era
This individual is not affluent and more of a member of that shrinking middle class. It is likely the individual does not have a high paying job, is limited on benefits, and has to make due with those benefits provided by employer.
|
|
|
|
|
|
10-07-2008, 05:17 PM
|
#8
|
|
Lifetime Suspension
Join Date: Apr 2004
Location: Market Mall Food Court
|
Quote:
Originally Posted by dobbles
kinda weird how wells fargo is viewed up there. down here, its just a normal bank. not a fixer upper where you just need them to get your finances better.
|
I think Canadian Banking laws restrict foreign banks to what they can provide up here in Canada. But yeah, 18% interest rates are a no go for most people. hehe.
|
|
|
|
|
10-07-2008, 05:26 PM
|
#9
|
|
#1 Goaltender
Join Date: Jan 2007
Location: Southern California
|
Quote:
Originally Posted by dobbles
kinda weird how wells fargo is viewed up there. down here, its just a normal bank. not a fixer upper where you just need them to get your finances better.
|
Yeah, I was thinking the same thing. Down here Wells Fargo is a conservative bank that requires you have have good credit with an established history in order to get approved for anything. Since they're my bank I appreciate that a lot since their mortgages weren't the ones we're hearing about on the news. Why they want Wachovia, I have no idea. I did some freelance auditing on the loans at World Savings (and predicted Wachovia was going to have financial trouble when they purchased them) and they are not only crap loans, but there were regulatory compliance issues that I saw and some number fudging. I don't really understand why a conservative financial institution would be in a battle for Wachovia without possibly having the opportunity to even scratch the surface of due diligence at this point.
|
|
|
|
|
10-07-2008, 09:06 PM
|
#10
|
|
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
|
Quote:
Originally Posted by Ice
Yeah, I was thinking the same thing. Down here Wells Fargo is a conservative bank that requires you have have good credit with an established history in order to get approved for anything. Since they're my bank I appreciate that a lot since their mortgages weren't the ones we're hearing about on the news. Why they want Wachovia, I have no idea. I did some freelance auditing on the loans at World Savings (and predicted Wachovia was going to have financial trouble when they purchased them) and they are not only crap loans, but there were regulatory compliance issues that I saw and some number fudging. I don't really understand why a conservative financial institution would be in a battle for Wachovia without possibly having the opportunity to even scratch the surface of due diligence at this point.
|
I would guess that Wells Fargo wants to buy them because they are devalued so much. Wells should be able to clean that up and while taking some additional risk in the deal; they will also make a huge profit even with the full write-downs.
|
|
|
|
|
10-08-2008, 06:45 AM
|
#11
|
|
First Line Centre
Join Date: Mar 2006
Location: Edmonton, AB
|
If your credit isn't bad you should consider visiting a local credit union or a bank about paying your Wells Fargo stuff out.
No need to pay 18% on an auto loan.
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -6. The time now is 06:10 PM.
|
|
