Help from the Wells Fargo debt consolidation loan.
Wells Fargo helps customers reduce the interest rate and consolidate the balance on all the loans they have. This can help someone get out of and/or eliminate their debt. There are unsecured personal loans available which combine multiple higher-interest debts into a single loan with a fixed interest rate and predictable monthly payments and find details on this Wells Fargo consolidation solution below.
The interest rate will be lower than what the customer is currently faced with. The program was, in the past, called “the Wells Fargo Debt Pay Down Solution” but it is now just part of their standard debt consolidation option. The debt consolidation options from Wells Fargo are combined with other resources that can help people reduce their overall financial obligations. Note, this type of program may not benefit everyone but Wells Fargo does have a calculator to help people decide as noted here. https://www.wellsfargo.com/personal-loans/debt-consolidation-calculator/.
Key features
First and foremost, any type of debt consolidation loan is only for existing Wells Fargo customers. But the money can be used to help pay off / consolidate other creditors too. All the funds will also be unsecured. Other key criteria of the program include the following.
- Loan Amounts are approved on a one off basis but can be as much as $100,000. The interest rate will also vary based on the applicant’s credit score, the amount of money borrowed and timeframe for repayment which can range from 12 to 84 months.
- Wells Fargo will do a “soft credit check” when an existing customers seeks a debt consolidation loan. They will in effect heck your rate with no impact on your credit score. In addition the process is very quick - most customers receive a same-day credit decision with funds are often available the same day upon approval. In addition to these loans, find other ways to get help with credit cards.
Additional help from Wells Fargo for customers that consolidate loans
Wells Fargo offers the consolidation loan along with other support. In addition to the personal loan provided, other components of this plan include the following:
Educational Content including resources such as how to build credit smarter. Wells Fargo offers articles and guides on various debt management strategies, including the snowball and avalanche methods, budgeting, and understanding the total cost of borrowing. There is also a free online resource center with information about how to establish, rebuild and use credit properly for people that use a debt consolidation loan.
Auto loan refis are often combined with other Wells Fargo debt consolidation offerings. As Wells Fargo also issues car and truck loans to their customers. The bank will also help people people off / refinance he balance due on a car or truck from another lender and find details on Wells Fargo free auto loan refis.
Wells Fargo Assist is another option. If you're facing financial hardship, this program can help you explore options to manage your payments, such as adjusting payment due dates or setting up alternative payment plans. As one part of this, consolidating all of your bills into a new, lower interest rate using this loan is on of the keys to the program.
Free Spending Report and Budget Watch tools from Wells Fargo are also offered for customers. This will help people identify how they spend their money. This is in effect a budgeting tool, and it will help them determine ways to save money each month and how to spend less.
Credit Counseling referrals are also available for customers that use a consolidation loan: Wells Fargo can connect you with qualified non-profit credit counseling agencies, like the National Foundation for Credit Counseling (NFCC) or Money Management International, for personalized financial counseling and education.
Contact information
As noted the bank provides a number of programs to help people pay off their bills (debt, loans, etc) faster, including unsecured loans. More information is here https://www.wellsfargo.com/goals-credit/smarter-credit/manage-your-debt/pay-off-debt-faster/ or dial 1-877-526-6332 to learn more on the Wells Fargo debt colslidation loans.
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