Credit Card Debt

Well Fargo Home Equity Line Of Credit


Answers

What's a good U.S. bank from which to obtain a home equity line of credit?

Ideally: 1) they would be friendly and give excellent service. 2) they would NOT telemarket me. 3) they do not outsource their data processing outside the USA.

I live in the San Francisco area and primarily bank with Wells Fargo. The last time I had to go inside one of the banks, both the customer service and the security outside were far less than ideal.


I think with ALL financial institutions it is a craps shoot.

Yes, credit unions get a lot of hype - but even the best credit union could give you crappy service if your representative had a bad day. On the same note, I've found you can have a very positive experience with even the largest commercial banks (cough BofA).

As far as telemarketing - tell your representative you don't wanna be telemarketed - they are REQUIRED by law to honor this request though they may make you submit a request in writing first.

Most data processing CANNOT be outsourced in this case. Since HELOC decisioning tends to be rather speedy, most likely your bank rep will be entering your data right then and there (or later that day).

Hope this helps :-)

Short Sale Wells Fargo Home Equity Line of Credit


Wells Fargo short sale, Home Equity line of credit Heloc- Wells Fargo is one of the best and easiest banks to work with here in California. I look ...

What are questions I can expect in an interview w/ Wells Fargo for a credit manager position?

I've been in Telesales/Telemarketing for over 7 years and am currently trying to be hired for a credit manager position w/ Wells Fargo. I've never sold financial services/products before but am confident that I can be successful w/ sufficient training. If you have or currently work as a credit manager (selling credit cards, home equity lines of credit, auto-refi) for Wells Fargo what are some tips that you can give me so that I can improve my chances of getting a call back interview?


Think of as many questions that they may ask as you can and prepare for them. Be ready for anything.
To get a callback remember to thank them for their time, dress nicely but not so much that you risk looking superior to them. Comb your hair nicely and practice exeptional cleanliness. Send them a thank you note for the interview and call back a week or so later and aks if the position was filled, it shows commitment if you take it upon yourself to inquire.


(Real estate near san jose ca) The home equity line of credit is a ...

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Wells Fargo Home Equity Lines Of Credit

Wells Fargo offers a revolving credit line for homeowners called Home Equity Lines of Credit, or HELOCs. This line of credit is an open-ended, revolving loan that allows future advances up to the approved credit limit. You can use the money for home improvements, debt consolidation, medical expenses, investment opportunities, starting a business, education, a new car or boat, or any other major expense. Since Wells Fargo’s Home Equity Lines of Credit are revolving loans, you can use only the money you need when you need it, much like credit cards.

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News

Credit crunch: Home equity lending evaporates

Chicago Sun-Times - Dec 29, 2009

Wells Fargo declined to comment on Yellin's lawsuit but said it reviews of customers' home equity lines of credit to make sure that account limits are in and more »
Number of Deadbeat Banks on the Rise

Minyanville.com - Dec 30, 2009

Because of this, most lenders are no longer offering home equity lines of credit and are reducing current lines with credit-worthy homeowners. and more »
What Lurks on the Books of Banks

BusinessWeek - Dec 04, 2009

Consider home-equity lines of credit. During the real estate boom, many homeowners borrowed against the value of their dwellings to pay down credit-card and more »
Hock the house? Home equity lending evaporates as real estate values fall ...

Los Angeles Times - Dec 26, 2009

Wells Fargo declined to comment on Yellin's lawsuit but said it reviews of customers' home equity lines of credit to make sure that account limits are in and more »
Deputies witness recession's toll as evictions increase

San Jose Mercury News - Dec 06, 2009

Deputies witness recession's toll as evictions increaseThe owners got it for nothing down on a subprime mortgage, refinanced it and took out an equity line of credit, pushing the debt up to $650000, Le said. and more »
Small-businesses still finding it tough to get loans

Online Athens - Dec 20, 2009

Also, Wells Fargo/ Wachovia is rated the top lender nationally in terms of dollar value for the SBA-guaranteed loans, according to the SBA.
Kamber Edelson: Federal Reserve Continues to Put Wall Street Ahead of Main Street

PR NewsChannel (press release) - Dec 23, 2009

If any homeowners would like to share a story about their HELOC experiences, they are encouraged to email KamberEdelson at HELOC@kamberedelson.com.