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Wells Fargo Auto Finance and My Credit Reports.

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Posts: 1909
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Dear Forum,

Dear Moderator, if this is the wrong forum or pub, etc., would you be so kind as to place it in the right one for the most attention concerning this serious personal matter? Thank You.

I received a letter from my State of IL AG office today, which was very nice to have this office on my side, and I am not sure if the contents of the letter is good or bad for me.

The story is that in Nov. of 2006 (I have had my car financed with WFAF since 7/11/2003), Wells Fargo Auto Finance decided to change everyones account number for some unknown reason. It sent my account with them and the credit agencies in a tailwind. They have been reporting false and hurtful infomation to each other about my account with them for almost 2 years. I have spent almost 2 years trying to correct this in every way known to man and women but to no avail.

Now today, as I said, I get a letter from my states IL Attorneys General's Office along with a apologetic(?) letter from WFAF saying they are sorry.

But what WFAF did was remove my account from all 3 credit agencies all together. I did notice that my FICO score went up 10 points, but my thing is that all that 5 years of credit history, which was very good, never missed a payment, etc. is now GONE.

I am not sure if that is good or bad, and my question to you all is....What do you think? Should I leave it the way it is ( I have 10 days to send a letter back to my states AG and let them know if I accept what WFAF did or not), or tell them to update correctly, if they would do that. Anyone gone through this or something like this before?

Your help is very much appreciated.

Thank You

are you still paying on the vehicle with WFAF?

Sub: #1 posted on Sun, 07/06/2008 - 04:39


Yes I am, untill this September maybe October then it is paid in full.

Sub: #2 posted on Sun, 07/06/2008 - 04:55

Lukeskywalker Lukeskywalker

(Posts: 1909 | Credits: 185.22)

How do they plan on reporting your future payments if they removed the account off of your CR's? You would definitely want your good future payments reported too.

Sub: #3 posted on Sun, 07/06/2008 - 04:57


Yes I do want my future payments reported, but now WFAF wipped the, as they call it, "trade line" off all 3 credit agencies. But during all of this since Nov. of 2006, nothing was reported to the 3 at all. It just contained all bad, wrong, stalled, hurtull infomaiton that they never updated with the right info.

If they report now, it will probally go nowhere. I really am confused by all this.

Sub: #4 posted on Sun, 07/06/2008 - 05:01

Lukeskywalker Lukeskywalker

(Posts: 1909 | Credits: 185.22)

I can understand the confusion. Honestly, I would reject their offer and demand the past payments, as well as future payments, be reported and reported correctly! Seems idiotic that they feel they can just wipe the tradeline out and you are supposed to just live with their mistake.

Sub: #5 posted on Sun, 07/06/2008 - 05:10


I tend to agree with you. It seems in the WFAF, letter that came with my states AG letter, that they where doing me a favor by wipping it all off the board. I think I will send a letter, that the AG requested within 10 days, and state that I am gratful for the long overdue attention on WFAF part, but I pray that they show the almost 5 years of good payments without the degrogatory almost 2 years of horrible conduct on WFAF and the 3 credit agencies parts. I just do not want my AG to get tired of me and back out at the last moment then I am left alone as before while WFAF puts all the bad stuff back on my reports.

Sub: #6 posted on Sun, 07/06/2008 - 05:19

Lukeskywalker Lukeskywalker

(Posts: 1909 | Credits: 185.22)

Do some research on the FCRA...if they made a mistake, they have the obligation of fixing it. Eliminating a tradeline to fix their mistake seems out of compliance with the FCRA.

I would explain to the AG that you sincerely thank him/her for their efforts, but that deleting a tradelined that was paid satisfactorily is not acceptable.

Sub: #7 posted on Sun, 07/06/2008 - 05:24


Sounds great and thanks, but forgive me, I am not sure what FCRA stands for...and would you have a link to this or their website?

Sub: #8 posted on Sun, 07/06/2008 - 05:53

Lukeskywalker Lukeskywalker

(Posts: 1909 | Credits: 185.22)

No problem..its the Fair Credit Reporting Act. Agh, it wont let me post the link. CHeck out the FTC (Federal Trade Comission) website and search FCRA. Loads of info!

Sub: #9 posted on Sun, 07/06/2008 - 05:57


Ok, thats right..thanks. You have been a great help. You should join us and stay. All here can benifet from your help.

Sub: #10 posted on Sun, 07/06/2008 - 06:04

Lukeskywalker Lukeskywalker

(Posts: 1909 | Credits: 185.22)

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