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1.7

I traded in my Wells Fargo Dealer Services financed vehicle for a new vehicle financed with a lower rate through a different bank. The day I bought my new car, I cancelled the extended warranty on the old vehicle with the anticipation of receiving a refund of almost $1500.

The payment from the dealership and the refund for the cancelled warranty were both posted to my Wells Fargo Dealer Services account before the last day of the month. I was told that I would receive a refund in 7 to 10 days which was irksome, but Wells Fargo has a long track record of unethical business practices. Now, it has been fifteen days and although I received a letter notifying me that the account was paid in full, I have yet to receive the refunded amount. Wells Fargo claims to have changed their business practices because of the ethics violations and shady business practices that were uncovered over the past few years.

However, they have a long way to go it seems. I will be notifying the Texas Attorney General as well as calling WFDS customer support tomorrow to complain.

There are many, many companies who offer car financing. Avoid WFDS, they are not recommended.

Reason of review: delay of refund .

Monetary Loss: $1461.

Preferred solution: Let the company propose a solution.

Wells Fargo Dealer Services Pros: That i could make payments online.

Wells Fargo Dealer Services Cons: Lies and incompetency, Incompetent staff, Interest rate, Each customer service rep gives a different answer.

Location: 6061 State Hwy 161, Irving, TX 75038, USA

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Guest

They ripped me off too. Total con artists

Guest
reply icon Replying to comment of Guest-1383350

They did??? Imagine that!

I'll bet you were always paying on time, you sent them birthday and Christmas cards, brought them lunch and paid extra so they could have money for an office party. Yep...you were the perfect customer!

Guest
reply icon Replying to comment of Guest-1383682

Why the comments if you arent willing to help with info people!

Guest

Since you're a self appointed expert on banking regulations, please tell us all about these "unethical" business practices.

Guest
reply icon Replying to comment of Guest-1372945

They have been found by the government to be highly unethical,scrupulous crooks

Guest
reply icon Replying to comment of Guest-1382370

Ok, please show us where that is written.

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