I got this letter from Wells Fargo saying I've been approved for up to $7,500. So I called them to ask about it and they say they can only give me a loan for only $5000. They said I could use $2,500 chq to pay off an account I have with CitiFinancial and the other $2,500 would be 'free' cash. I go down to WF and prepare to get myself into more debt. Except, I am not entirely stupid. I look the papers over and they want to charge me 39% interest. I couldn't believe it, I was stunned. I know I have bad credit, but have never faced an interest rated anywhere near that. So he (his name is Stone) hands me the chqs, he puts them in my hands. I see one made out to Citi and one too me. I am tempted. But you see my Citi loan is 12 month interest free, and I know that he knows it is an interest free loan because of those codes that are listed beside my loans on my credit report. So I challenge him, why would I take out a loan at 39% interest to pay off another loan I have that I am paying no interest on. What would be the point. Just so I could get my hand on $2,500 now. HE HAD NO ANSWER, EXCEPT HE SAID TO ME..."YOU CAN ALWAY PUT THE EXTRA $2,5OO BACK ON TO THIS LOAN SO YOU CAN PAY IT OFF SOONER". So then I would have no extra money but I would now have a loan that I would be paying 39% interest, where before was paying no interest. THAT WAS UNBELIEVABLE. Needless to say, I walked. My feeling toward Wells have been forever tarnished. How could I ever trust them again? The really questions is why did I think I could trust them in the first place?