I am thinking of getting a personal loan with Wells Fargo financial and use our car as a collateral since I know I have bad credit and I want to rebuild credit. Has anyone done this? Is this a good idea to rebuild credit? Thanks in advance.
well, not with Wells fargo, but i have done this with HSBC. and there was no problem, only the processing time & fee with HSBC was higher vik
I would not use my car as a collateral - especially with Wells Fargo. Once you're even one day late with your payment they will start repo proceedings.
I've had a few loans with Wells Fargo. They were pretty sneaky about stuff. I used to have a credit card with FutureShop (financed by wells fargo), and they convinced me to take out a loan to pay off the card. Thing is the Credit Card was 25.5% interest, the loan was 33%. Of course, I had no idea what I was doing back then. I would avoid them, they basically charged me what a gangster would. Avoid
"what a gangster would"??? Wells, BofA, Citi and Chase are the leaders of the organized crime syndicate called banking.
well is there any big banks to build credit with a loan? My 2 car is paid off and that is the one i want to put up for loan purposes. I want to get a loan out using my car title? Just wondering who would help me build credit?
wells fargo is my bank. You mean get a personal loan with the credit union using the title? Like i said i have bad credit. I know they need to secure the loan.
If wells fargo is your bank then try with them.Always remember this fact.The money in wells fargo is yours not theirs.If they don't do the job for you.It's time to think about other places to bank.Woild you hire someone who keeps telling you no.So if they keep telling you know it's time to fire them.
