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What is the Wells Fargo Leads program? It is a new program from Wells Fargo that lets you tap into reddish (in the making of this expression) loan accounts. It is an effort by the mortgage lender to reach out to reddish communities and increase the presence and sales of its products and services. This means red flags for the rest of us – no credit checks, no background checks, no sales pitches.

The program was created in response to requests from the African-American, Latino and Asian communities for more options in loans. Wells Fargo was working hard to differentiate itself from other lenders in the subprime mortgage sector. That meant putting itself at the forefront of communities seeking better quality loans. This is the home buying program you have all been waiting for.

If you don't already have an account with Wells Fargo, the process is very simple. You just need to know your social security number, which you can find on-line, or at a library with a little digging. When you provide that information, you will be asked to verify employment, provide a few other pieces of personal information, and then complete a short application.

Once the application is completed, you will immediately be enrolled in the program. In addition to gaining instant access to funds, members of the community will gain access to special offers and promotions. One of these is the Wells Fargo Leads Credit Union. This is the place where your lead is generated from. It is where the money comes from for your loan.

So what happens if you cannot pay off your loan? Wells Fargo has worked very hard to make sure that when you are delinquent on a loan you do not have to worry about losing any more money than you already owe. Your primary duty as a borrower is to repay your loan. When you are enrolled in the program, you have the option to request a payment plan where you pay a percentage of your balance each month. If you cannot meet this amount, you will still be required to pay the full amount.

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Another bit of etiquette involves not overspending on your account. When you initially open your account you will be given a predetermined amount of money to spend each month. This is used to help you stick within your budget. When this limit is reached, it is best to use additional funds from your checking account to make up the difference. A Wells Fargo loan does not need to be paid back, but if you happen to be unable to make the minimum payments your lender may contact you to see how you are spending your money.

You are not expected to answer all of the lender's questions. However, there are some that they should be able to get in touch with you for. Such questions would include what you are spending your money on each month, such as food, gas, entertainment, and lunches out. Any other non-business expenses that you do not wish to disclose should be left for your personal account.

Finally, you should always ask for a grace period before you can start to charge on your account. This will give you ample time to evaluate how your finances are doing and prepare for a repayment of your loan. If you are unable to repay your loan in full at the specified date, you should contact your lender before the grace period is up to see if you can arrange alternative terms.

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Do not borrow more than you actually need. Your lender will gladly lend you the amount that you have designated as your limit. However, you should try not to go over that amount as you risk having your limit increased. You should also refrain from asking for additional loans or credit cards that you do not actually need.

When closing any accounts, use the date of the transaction as your grace period. As long as it is less than seven days prior, you are still allowed to close the account. In addition to using the date of the transaction, you should also use the account number and routing numbers. The numbers may vary from one account to another.

One thing you should also remember when dealing with Wells Fargo is that you should be polite in nature. This means that you should treat all of your banking encounters with the utmost respect. Be careful not to drop your guard and become overly demanding. You should maintain your professionalism while replying to any queries made by your customer service representative or even when filing your taxes. Such conduct will not be tolerated by your lender and you may be forced to suffer from a high interest rate for several years.

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