Wells fargo online loan3/14/2023 ![]() If you’re not thrilled about having to change loan servicers or you feel that you might be eligible for a new student loan with better rates or terms, you can refinance your loans and move to a new lender of your choosing. In the meantime, continue making payments on your Wells Fargo student loans as you normally would. This means that if you’re happy with your current student loan interest rates and loan terms, you don’t have to do anything other than begin making payments to Firstmark once your loans have been fully transitioned. Keep in mind that your Wells Fargo student loans will maintain the same terms once they are transitioned to Firstmark as the loan servicer. What should I do with my Wells Fargo student loan? You should expect communication from the lender before your loan officially transfers. ![]() However, Wells Fargo has made it clear that it will deliver more information directly to its current student loan customers as details become available. Since this announcement is recent, it’s possible that you haven’t received any updated information on your Wells Fargo student loan account. Wells Fargo has chosen one company to take over its student loan business: Firstmark, a division of Nelnet. Who services my Wells Fargo student loan now? This new servicer will handle all payments once the transition is completed. This means that current Wells Fargo private student loans will be transitioned to a new loan holder. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.Īccording to the bank, it is currently “selling and transferring” its student loans. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. ![]() We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.ī is an independent, advertising-supported publisher and comparison service. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.īankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our experts have been helping you master your money for over four decades. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. Editorial Independenceīankrate’s editorial team writes on behalf of YOU – the reader. Our editorial team does not receive direct compensation from our advertisers. We maintain a firewall between our advertisers and our editorial team. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. What to do when you lose your 401(k) matchīankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Should you accept an early retirement offer? How much should you contribute to your 401(k)?
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