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Get assistance from the Wells Fargo Debt Pay Down Solution

Wells Fargo has put in place a new program to help consumers get out of and eliminate debt. The Wells Fargo Debt Pay Down Solution helps people consolidate their monthly debt payments by providing a personal loan and then Wells Fargo will help customers find money to pay off the loan and debts faster.

In addition to the personal loan provided, two other components of this plan include :

• Consumers can receive the Wells Fargo Cash Back College Card and the Wells Fargo Cash Back Card which will incent people to pay down the debt by providing cash-back rewards that they can then use to pay the personal loan balances or credit card debt. Or people can decide to add the cash back rebates to their saving or checking checking accounts.
• In addition, Wells Fargo has created a Smarter Credit center, which is an online resource center with information about how to establish, rebuild and use credit properly.

The Wells Fargo Debt Pay Down Solution is a three-step program.

• The first step is that customers will need to consolidate high-interest debt and they should be able to get a lower monthly payments from a Wells Fargo personal loan.
• Next, customers will need to use the new Wells Fargo Online tool, which is known as My Spending Report with Budget Watch, to find how they spend their money and help them determine ways to save money each month and how to spend less.
• Last, but not least, customers will transfer extra money that they saved to pay the principal of the new loan to accelerate the loan pay-down. For example, an additional $40 a month applied toward the principal could help pay off a $10,000, five-year loan in less than four years.

The cash back program works as follows. The Wells Fargo Cash Back Card and the new Wells Fargo Cash Back College Card provide cash back rewards to customers for their credit card purchases by providing a full 1 percent in cash back. Then those cash awards can be used to reduce or eliminate the debt, increase their personal savings or just add to their checking accounts. Find additional assistance programs from other credit card issuers and banks. More.