This is my first review ever, and after having such a seamless experience I had to share! I cannot speak for all experiences, but I can speak for mine. I recently have become obsessed with all things credit and debt related that I realized that I wanted to consolidate my credit card debt and have an emergency fund. I ran the numbers based on my income, and realized that it would have taken much longer time wise, and would have cost me much more in interest to pay off my credit cards and save for a fund, that I decided to turn to a unsecured personal loan from Wells Fargo.
I have banked with them for years and also have a credit card with them, so I thought it made most sense to try for a loan with them too. I own no property, my car is not in my name, have about 50k in student loan debt, but I do make 70k and have no blemishes on my credit report. I have 11k in mixed credit card debt and have a 698 credit score. On Sunday afternoon I decided to apply online for a personal loan requesting an amount of 15k for a repayment of 36 months. The process took only a few questions, and I got a 'thank you for your application' screen and thought I would get a letter in the mail. Next thing I know, LITERALLY 5 minutes later, I got an e-mail approval from Wells Fargo for the 15k/36 months at 10% and a monthly payment of $498. I was blown away! I furthermore clicked on the link from my e-mail and saw that there was no further action required (verification of income etc). I called WF just to confirm that everything was correct, for which the customer service rep said I was correct, and I could go into any branch, sign the paperwork, and get my funds.
The next day, Monday, I walked into my local branch, without an appointment and waited for a banker. I was able to have them print out the forms, get a check, then deposit my 15k into my account all in less than 24 hours. Not only have I been able to 'refinance' my credit cards, but I now have NO credit card debt which will be reported on my credit report since I paid off all my cards, and I have a 4k emergency fund in my checking along with my normal account balance. Wells Fargo was AMAZING through the whole process, and I am more than pleased!!!