Repay Debt Faster.
Wells Fargo has announced new tools to help consumers save more while reducing what they owe, while also introducing resources to use credit better for a lifetime. The Wells Fargo Debt Pay Down Solution (Check out a nice little infographic here) allows customers to consolidate their monthly payments through a personal loan and help find money to pay off the loan faster. According to Ron Shevlin, senior analyst at Aite Group, “The Debt Pay Down Solution represents an important shift in how banks need to grow customer relationships. Today’s consumers don’t just need help in managing debt, they need education – and just as importantly – tools for managing their financial lives.”