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re: 401k loan default question
Posted on 12/22/13 at 4:04 pm to HurricaneDunc
Posted on 12/22/13 at 4:04 pm to HurricaneDunc
Well a coupon book would have been nice....they never sent that....the only thing I ever got was a notice that my initial payments were late...so I called and got that straightened out and got the payments straight...the lady said she'd send me a form for auto pay....I got the form...sent it back....noticed that the payments hadn't gone through in a couple months....hadn't received any further notices...so I went check into it and sure enough it said I defaulted
Eta....before the account was transferred Wells Fargo automatically took the payments out of my paycheck.....no action was required on my part.....if it were any other bill I'd have been on top of it, I just don't have the time to look at my 401k once a week
Eta....before the account was transferred Wells Fargo automatically took the payments out of my paycheck.....no action was required on my part.....if it were any other bill I'd have been on top of it, I just don't have the time to look at my 401k once a week
This post was edited on 12/22/13 at 4:08 pm
Posted on 12/23/13 at 11:27 am to dillpickleLSU
So I was told they received my auto pay form, but they don't know why it was never processed and why I was never contacted. They are researching what to do and they will call me back.
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