However, silence will be interpreted as “everything is okay.” It isn’t.

Our recommendation: Blog! Here is a link to Wells Fargo/Wachovia Corporate Blog

Ignore their sales messages; of course, they are informing you that you are to “keep using your debit card and credit card just as you’re doing today . . . ” However, we recommend cutting up your credit cards. All of them! Right now! You CAN live debt-free.

A GREAT ADVANTAGE TO LIVING WITHOUT CREDIT: Since our family got rid of most of our credit cards some years ago and went to an all-cash-basis, we have gone around the world. (We do keep a card for travel and pay it off when we return.) We save for what we want. The only items we buy on time are cars (and even that is a questionable practice) and homes (and we do know people who have saved and purchased cash — not easy in California, but it is possible). The BEST way to get something you want is to save for it and buy it cash. Your savings alone on the interest will probably buy you that luxury item you really want.

Let them know how you feel about their sloppy business practices. Also let them know that you will steer everyone you can away from them. We have easily steered more than $3 million in business that would have gone to Wells Fargo by diverting people elsewhere. That is just through personal conversations and has nothing to do with what this blog is doing. You do have a voice. You can fight back.

In fairness, if your lender does something good, blog on that. There MUST be at least one person who has been treated well, musn’t there? Just one! That would be quite a story.

Other lenders have blogs: Bank of America started one recently, but it is greatly geared towards their future growth. Chase does not appear to have one . . . but there are more than a thousand blog sites expressing their ire at Chase.

If you have urls for other lender blogs, please feel free to include them here.