Wells Fargo Auto Finance and My Credit Reports.

are you still paying on the vehicle with WFAF?

Yes I am, untill this September maybe October then it is paid in full.

How do they plan on reporting your future payments if they removed the account off of your CR's? You would definitely want your good future payments reported too.

Yes I do want my future payments reported, but now WFAF wipped the, as they call it, "trade line" off all 3 credit agencies. But during all of this since Nov. of 2006, nothing was reported to the 3 at all. It just contained all bad, wrong, stalled, hurtull infomaiton that they never updated with the right info.

If they report now, it will probally go nowhere. I really am confused by all this.

I can understand the confusion. Honestly, I would reject their offer and demand the past payments, as well as future payments, be reported and reported correctly! Seems idiotic that they feel they can just wipe the tradeline out and you are supposed to just live with their mistake.

I tend to agree with you. It seems in the WFAF, letter that came with my states AG letter, that they where doing me a favor by wipping it all off the board. I think I will send a letter, that the AG requested within 10 days, and state that I am gratful for the long overdue attention on WFAF part, but I pray that they show the almost 5 years of good payments without the degrogatory almost 2 years of horrible conduct on WFAF and the 3 credit agencies parts. I just do not want my AG to get tired of me and back out at the last moment then I am left alone as before while WFAF puts all the bad stuff back on my reports.

Do some research on the FCRA...if they made a mistake, they have the obligation of fixing it. Eliminating a tradeline to fix their mistake seems out of compliance with the FCRA.

I would explain to the AG that you sincerely thank him/her for their efforts, but that deleting a tradelined that was paid satisfactorily is not acceptable.

Sounds great and thanks, but forgive me, I am not sure what FCRA stands for...and would you have a link to this or their website?

:D
No problem..its the Fair Credit Reporting Act. Agh, it wont let me post the link. CHeck out the FTC (Federal Trade Comission) website and search FCRA. Loads of info!

Ok, thats right..thanks. You have been a great help. You should join us and stay. All here can benifet from your help.

I think I will join :)

Best of luck to you Luke! Use the force Luke!

:lol: thanks, look forward to having you here.

Moderator, I still need you to put this thread in the right spot please for maximum coverage of this subject.


thank you

Luke, I would insist to them to up date their records to show that you have made all of your payments on time. My friend has her car loan through them and they sce$$wed her around for several months continually harassing her for payments they had already received and she has the cancelled checks to prove it, and what is really nice of them, she has been a customer of theirs for 20+ years....nice of them huh :twisted: .

OK, ladybug. I am at this moment sending the response letter to my AG that she asked for stating that I want WFAF to put my correct trade lines of 5 years of good payment history on all 3 credit agencies and also asked in a good faith that they forgive my account in full for their horrible service.

what do you think?

I think it is the LEAST THAT THEY COULD DO for you...they are a nasty bunch of people that's for sure...

you got that right ladybug. Have you ever visted a site called
ripoffreport dot com? If you do go there type in their search area wells fargo auto finance and you will see thousands of stroies about them. Also, go to wellsfargosucks dot com and go to the horror stories. You will be amazed at all the horrible things they have done. let me know.

luke--the FCRA is actually not on your side on this one. The law makes no requirement that forces them to report on any credit file, it is their choice to report or not to. The only requirement in the law is that anything that they choose to report must be accurate, or if an error is found, that they take steps to remove the error. nothing in there states that they must report it, so IMO there is no FCRA violation like this.

However, I would still contact them and request that they report your actual payment history to the three bureaus--the worst they can do is refuse. Being that they just put you through all of this mess, it seems like you have them backed into a corner of sorts, I would try to use that as leverage to get the accurate reports made.

Thank you Guest and Welcome....glad you are here.

I did not know that but it does make sense. I sent a letter off today in response to my staes AG concerning just that. I asked WFAF to entry 5 years of good credit history in which I earned on all 3 credit reports and to also forgive the balance of my car payments which is due to be paid off this year for all the horrible service, 2 years of "credit demeaning" history on my reports, aggravation, etc. It does not hurt to ask.


luke