What To Do When You Can’t Pay Your Wells Fargo Card Bill
Wells Fargo is a bank that issues credit cards, as well as a variety of different loan types. Wachovia recently merged with Wells Fargo. If you are having trouble paying your Wells Fargo credit card bill, you are not alone. Here is some information that can help you.
How To Pay The Bill
Wells Fargo offers several different ways to pay your bill, including online, by phone, and by mail.
To pay your Wells Fargo card bill online, you have multiple options. If you do not have an online account, you will need to create one before you can pay your bill online. You can enroll in automatic payments, which will automatically withdrawal from your bank account every month. You may choose to pay the: minimum payment due, the balance, or a specific dollar amount. To make a one-time transfer from your bank account to your credit card online, visit: https://online.wellsfargo.com/das/channel/enrollDisplay. To make your credit card payment through Wells Fargo Bill Pay, you will also need to login to your online account.
To pay your Wells Fargo card bill by phone, call 1-800-869-3557 any time day or night.
To pay your Wells Fargo bill by mail, send the check or money order with your account number written on it to:
Wells Fargo Card Services
P.O. Box 30086
Los Angeles, CA 90030-0086
For overnight payments, please send the check or money order with your account number written on it to:
Wells Fargo Payments
Regulus, 1200 West 7th Street, Suite L2-200
Los Angeles, CA 90017
Questions About Your Billing Statement or Account?
Cardholders can visit the Credit Card FAQs page for information on fees and finance charges. Any additional questions can be answered by customer service at 1-877-906-6055.
How The Penalty Fees Work
You are subject to a late fee if your minimum payment due is not made on or before the due date. You are subject to fees for going over your credit limit, and you may see an increase in your interest rate if you are late making payments. If your payment is returned by your bank, you are also subject to a penalty fee.
I Can’t Make A Payment
If you cannot make your Wells Fargo card payment, call and speak to a customer service agent immediately. They can help you to keep your account in good standing to avoid charge off and collections, which can negatively affect your credit rating and prevent further loans and credit from being taken out in your name.
Will They Work With Me To Pay My Bill?
Do you have any experience dealing with Wells Fargo and late payments? Share your story below so people can learn how Wells Fargo can help you when you cannot pay your bill. There are people on staff that can help in terms of proper debt management.
Official Wells Fargo Credit Card Statement
We received this incredibly helpful official response from a Well Fargo representative on how they work with customers who have fallen behind on bank credit card bill payments:
A late fee will be the lesser of the Minimum Payment or $25. For any subsequent event within a rolling six month period, the fee will be the lesser of the Minimum Payment or $35.
Possible outcomes that consumers should be aware of are: credit bureau reporting that can negatively impact credit scores up through potential legal action in some cases.
I would like to emphasize that customers are typically better off working with their bank directly, rather than working with a for-profit debt settlement company. There are also non-profit credit counseling agencies that can provide assistance if the consumer is struggling with payments across multiple creditors (NFCC can provide referrals to accredited agencies).