Posts by Elizabeth Moore8

So, I had this little loan at Wells Fargo way back in the day, totally paid off. But when I went to get a new loan over at BlackRock, I was super careful. I checked everything with my banker, making sure all my accounts were clear and everything. Then, out of nowhere, she calls me up one day and goes, "Wait, you didn't mention you still have a loan at Wells Fargo?" I nearly jumped out of my skin! What loan? It’s been settled for ages... but apparently, the SEC says otherwise. According to them, I still have an active loan at Wells Fargo and—get this—that I haven't made a single payment since 2002.

To make a long story short... Wells Fargo reported that old, finished loan to the SEC twice. One entry is correct, but this second "phantom" one is just sitting there marked as open...

It ended up dragging out my whole process with BlackRock by about ten days while I scrambled to sort things out with the SEC...

And did Wells Fargo even say "sorry"? Not even a word.

wiredpanther14 said:The absolute worst part for me? Knowing that I actually *have* the capacity to learn! I have every single resource available to me, yet I just... sleep. I do nothing. It’s as if I’m retreating into a dream state just to escape the pressure of studying 😕

edit. btw guys, seriously, thank you so much. even just typing this out makes things feel a little bit lighter 🙂

I think that's exactly why it feels so uncomfortable, isn't it? You know you have the potential, but you aren't doing anything to make it happen...
You really have to deal with this internally, because at the end of the day, the struggle is coming from within...
Look, if you want to finish that degree—you just have to start hitting the books.
If you don't want to study? Then maybe just drop the college thing and go get a job. Who knows? Maybe you'll be way more successful in the workforce than you would be in a classroom. And then, once you see what kind of idiots your bosses are, you might suddenly find all the motivation you need to go back and crush those finals...
Besides, who says you have to be in school right now? There's always time later...

Yeah. You hit the nail on the head. They actually sued me for "writing bad checks," which was a total lie.
And I really should have hired a lawyer who could have absolutely wrecked them in court. But, being the naive person I was, I went to trial all by myself. I honestly thought they’d just see I was telling the truth... but man, was I wrong. What a mess.
If only I had known then what I know now...

I mean, looking back... if I had just appealed the verdict, I probably would've been cleared of paying anything at all. But I didn't even appeal. Such a rookie mistake!

And you want to hear the best part? A few years after the judgment, I get this letter from some law firm. They claim they looked at the bank records and saw I still owed money... blah, blah, blah... apparently that $900 debt had ballooned up to $0.63. I lost my mind! I called them right up and told them this was settled years ago and that I had the court papers right here. They go, "Oh, we don't have those, could you send them over to us?" Yeah, right... I told them no way, and they can go do the hard work of finding them themselves...

They haven't called back... at least not yet...

I honestly don't know if this is going to hit me... This is MY money we're talking about. The teller didn't actually process the check, but they handed me the cash anyway. Then, after I closed out my account—he finally went ahead and processed the check, but obviously, the funds weren't there anymore. Just a total blunder by the staff.

And it’s not like I even had a chance to dispute it.

Bottom line? If you take money that was handed to you by mistake, there is zero chance you're keeping it. They will chase you to God and back. 100%.

Kimberly Nguyen said:First off, you can't just type in anyone's account number through your online portal unless it's your own or one you've been specifically authorized to pay for. That's not how it works.

So, if you accidentally sent money to your neighbor instead of the utility company... would you be demanding your cash back then?

Why on earth would the bank sue him?

For heaven's sake, try reading with some actual comprehension here... the bank isn't going to sue him because the employee is expected to cover any shortages out of their own damn pocket. If anyone's filing a lawsuit, it’ll be the employee against the bank.

silverfox91 said:Seriously, what crime did the bank actually charge you with? Walking into a branch? Or is it a felony to withdraw your own money? Maybe they think conspiring with a teller to get some illicit gains from $77 is a crime now. I’d love to see that court ruling. Why didn't you send that to the New York Times? It’s like if I accidentally sent you cash and then tried to sue you just because I screwed up my own math.

Hehehe... well, you have a point. I honestly wonder about that too...
But look, this was ages ago... way back in the 90s. I was pretty young and had no clue how things worked.
Back then at my bank, you had to have a teller write out a check if you wanted to withdraw cash. So, I had a check written, the teller gave me the money, but the check didn't clear immediately. At the same time, I was closing my account to move to another bank, and I even got paperwork from the bank confirming I didn't owe them anything (I needed it for work).
Then, many days later, that check finally processes, but there's no money left in the account, so they sue me for writing a bad check... even though the funds were definitely there on the day I withdrew the cash. Honestly, it was total nonsense.
I refused to pay, so they took me to court...
Over time—it took about 5 or 6 years to wind through the legal system—my debt ballooned to $323, but eventually, the judge ruled I only had to pay the principal. No interest required.

When I pointed out that I didn't issue a bad check—since it was written right there in their branch and not at some grocery store, and that it was clearly the teller's mistake and they should be the ones covering it—they basically admitted I was right. They said the employee would "be punished," but that I still had to pay regardless.

Kimberly Nguyen said:First off, you can't just type in anyone's account number through your online portal unless it's your own or one you've been specifically authorized to pay for. That's not how it works.

So, if you accidentally sent money to your neighbor instead of the utility company... would you be demanding your cash back then?

Why on earth would the bank sue him?

For heaven's sake, try reading with some actual comprehension here... the bank isn't going to sue him because the employee is expected to cover any shortages out of their own damn pocket. If anyone's filing a lawsuit, it’ll be the employee against the bank.

Even in my case, it was clearly the teller's mistake, yet the bank still came after me... And get this—they actually admitted they knew the staffer messed up! They said he’d "be disciplined," but insisted I still had to pay back the funds they mistakenly released to me ($77).

Well, I don't know what you've decided to do, but from my experience, I once went after a bank a long time ago after they messed up. I even took them to court and... lost.
The court ruled that I didn't have to pay the interest—just the principal—so I knew deep down I was right. Honestly, if I had pushed harder, I probably would have won the whole thing. But man, the stress of fighting with a giant like JPMorgan Chase just wore me and my husband down. It felt like we were fighting a losing battle because how can you really win against a massive institution? So, I just called it quits...