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The Banks - Wells Fargo Charges up to 39.95% interest. - Canada

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RE: Wells Fargo Charges up to 39.95% interest.

Postby montyloree » Mon Dec 17, 2007 07:05:19 PM

This place charges 99.25% interest. It's in the U.S...

I can't believe that companies charge that much!!

http://www.cashcall.com/General/Rates.aspx
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RE: Wells Fargo Charges up to 39.95% interest.

Postby ottawasingles » Thu Nov 01, 2007 11:34:32 AM

Well technically they can charge up to 59% in Ontario. Although I've never seen 39% before I don't think what they are doing is illegal. They are full out scamming at that rate!!!
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RE: Wells Fargo Charges up to 39.95% interest.

Postby montyloree » Thu Nov 01, 2007 10:21:08 AM

lol...
I'm going to do a quick "recorded" phone call to the authorities to see how Wells Fargo can charge 39.95%!!

Also, look on the bottom of that post mentioned where it says that Wells Fargo's Parent is NOT regulated in Canada.
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RE: Wells Fargo Charges up to 39.95% interest.

Postby ottawasingles » Thu Nov 01, 2007 10:19:06 AM

That's robbery! HSBC does similar and charges a whopping 32%

Unbeliavable!
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Wells Fargo Charges up to 39.95% interest.

Postby montyloree » Thu Nov 01, 2007 09:41:53 AM

RE: Wells Fargo Charges up to 39.95% interest.
I did a post here:
/archives/2007/10/pay+to+the+order+of+monty+loree+10+000+wells+fargo+financial+corporation+canada.html

Where I typed in the promotional letter I received from Wells Fargo Canada offering me an easy $10,000 in cash for the holidays!!

The only catch is that they charge up to 39.95% interest based on the amount you borrow, your credit score etc.

Oh my goodness!!
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