I am a 69 year old female customer. I am on a Disability Retirement and SSI. I have good credit altho my income to debt ratio is close.
Wells Fargo has raised my interest rate from 5.1% in February to 15.1% in March of on my Wells Fargo Visa Card. I have never missed a payment, been late and have sometimes paid more than the minimum payment.
With the 15.1% interest rate it will take me 34 years and $54,000.00 to pay this debt off. I am willing to pay the "unsecured" visa at the payment I am currently making but not the interest they see fit to punish a good customer with.
I am checking on the feasibility of walking away from the debt. My income cannot be attached and I will close my account with them. I have contacted Wells Fargo several times trying to get them to work with me and they will not.
I am ashamed of not keeping my word but I feel the gouging is worse. The excuses I have received pertaining to thier not working with me are laughable.
I do not spend foolishly, do not drink, do not do drugs and do not even do Starbuck's.
I am in questionable health and do not intend to get raped by Wells Fargo and have them expect me to just lay still and quietly enjoy the act.
What can they do to me? I don't know but I imagine I will be dead before this situation is rectified. 34 years???
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