Consolidating loans wells fargo
The private student loan consolidation offering from Wells Fargo can take 45-60 days to be processed however many people have reported it taking a much shorter period of time. Simplified Monthly Payments – If you hold multiple student loans and are having to keep track of several monthly payments than a Wells Fargo Loan Consolidation will help reduce those multiple monthly payments to only 1 monthly payment.Variable or Fixed Rate Option – Wells Fargo offers both a variable and fixed interest rate2 Options to Lower Your Interest Rate Since Wells Fargo is one of the largest student loan consolidation companies in America there are several stories both good and bad about“After graduating from College in May I wanted to see if I could consolidate my student loans at a lower interest rate.We only review lenders that cap interest rates at 36%, the maximum rate financial experts and consumer advocates agree is the acceptable limit for a loan to be affordable.Nerd Wallet does not receive compensation of any sort for our reviews.
(The bank has more than 8,600 branches.) Wells Fargo conducts a hard credit check when you apply, which can affect your credit score.The Wells Fargo student loan consolidation program is one such alternative, allowing you to consolidate your private student loans.Both customers and non-customers can qualify for consolidation, but if you’re an existing Wells Fargo customer, you’ll get some extra perks from the program.I was under the impression from the Loan Disclosure form and the promissory note that if I didn't like the terms I was under no obligation!Once I called Wells Fargo to try and reverse the payment since I didn't want to go with Wells Fargo I was told basically too bad.