Glossary-w 2017-10-17T17:09:31+00:00

Glossary W

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Wachovia Bank on credit report

What does Wachovia Bank on a credit report mean?
Wachovia Bank on a credit report represents any account or debt held with Wachovia Bank. Wachovia Bank was purchased by Wells Fargo and Company on December 31, 2008. Previously Wachovia had previously acquired A.G. Edwards, Golden West Financial/World Savings Bank, Westcorp, SouthTrust, Metropolitan West Securities, and Prudential Securities. They failed to purchase MBNA, but when the deal fell through MBNA was purchased by Bank of America. Before Wells Fargo’s acquisition of Wachovia, Wachovia was the 4th largest holding company based on assets in the United States.

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Wage Assignment

What is a Wage Assignment?
A Wage Assignment is a garnishment of the wages of an employee, under court order, to pay a debt.

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Wage Earner Plan

What is a Wage Earner Plan?
A Wage Earner Plan is the three to five year repayment schedule associated with Chapter 13 bankruptcy.

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Wage Garnishment

What is a Wage Garnishment?
Wage Garnishment is the process of taking money from an employee directly from the paycheck to pay a creditor. A court order is necessary for a Wage Garnishment.

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Wage Garnishment Laws by State

What are Wage Garnishment Laws by State?
The term “Wage Garnishment Laws by State” refers to how these laws vary from one state to another. Each state can have very different wage garnishment laws so it is very important to understand the laws regarding wage garnishment in your state.

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Washington Mutual Bank on credit report

What does Washington Mutual Bank on a credit report mean?
When Washington Mutual Bank shows up on a credit report, it represents any account currently held or held in the past between the individual and this bank. Washington Mutual was the largest savings and loan association in the United States until it collapsed in 2008. The bank subsidiaries were sold to JP Morgan Chase shortly thereafter. Washington Mutual was the biggest bank failure in American history based on total assets they had under management of 327.9 billion dollars. Washington Mutual acquired Providian Financial Corporation in 2005 which was one of biggest credit card issuers in the United States at the time.

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Wells Fargo

What is Wells Fargo?
Wells Fargo is one of the oldest banks in the United States, founded in 1852 by2 of the founders of American Express. They offer retail banking, commercial banking, lending, investing and other banking services. Wells Fargo bank is the 2nd largest bank in the country in debit cards, home mortgage servicing, and in deposits as well.

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Wells Fargo Home Mortgage

What is Wells Fargo Home Mortgage?
Wells Fargo Home Mortgage is the division of the parent company Wells Fargo, which services all mortgage loans owned by the parent company.

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Wescom Central Credit Union on credit report

What does Wescom Central Credit Union on a credit report mean?
Finding Wescom Central Credit Union on a credit report means the consumer owes a debt or has an account with the Wescom Central Credit Union.

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Wholesale Lender

What is a Wholesale Lender?
A Wholesale Lender is a lender working with mortgage brokers and provides underwriting services for the completed loan packages.

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Wings Financial Federal Credit Union on credit report

What does Wings Financial Federal Credit Union on a credit report mean?
Finding Wings Financial Federal Credit Union on a credit report represents any debt or account held with Wings Financial FCU.

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Withdrawn

What is Withdrawn?
Withdrawn is the past tense of Withdrawal, which is the act of obtaining money from an account, such as a savings account withdrawal from the ATM.
Withdrawn in credit reporting is when a creditor removes a tradeline from a consumer’s credit report even though the consumer has not initiated an investigation.

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Woodforest National Bank on credit report

What does Woodforest National Bank on a credit report mean?
Finding Woodforest National Bank on a credit report means the consumer holds or held an account or loan with the Woodforest National Bank.

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WR Starkey Mortgage

What is WR Starkey Mortgage?
The WR Starkey Mortgage is a mortgage company headquartered in Plano, Texas and was started in the year 2000.

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Wright-Patt Credit Union

What is Wright-Patt Credit Union?
Wright-Patt Credit Union is a credit union serving the Miami Valley area and providing retail banking, lending and other banking services.

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Writ of Replevin

What is Writ of Replevin?
Writ of Replevin is a legal document authorizing the repossession of a security. This document is issued by the court.

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