Description

The letter’s verbiage: This is a formal notice regarding the unresolved deficiency on your account, originating from record Wells Fargo Bank. Our records confirm that your account currently in default status. If this matter is not resolved promptly, we will be forced to recommend immediate legal action to recover the outstanding deficiency. Please be aware that a legal judgment against you, may have serious implications for your credit report and could limit your ability to secure financing, obtain banking services, or enter into rental agreements. Furthermore, this matter may be reported to ChexSystems a nationwide database utilized by financial institutions to identify individuals with a history of account mismanagement. If reported, this could result in restricted access to banking services for up to five years