Credit Cards Center Credit cards from our partners
Reply
New Member
Posts: 17
Registered: ‎03-16-2017
0

Wells Fargo business card not reporting onpersonal credit

I signed up for a Wells Fargo business card about a year ago to help build credit. The banker told me the card would report to my personal credit report. After about 6/mos of getting the run around as to why it wasn't reporting I was finally told that because it's a business card it only reports on my business credit and not my personal. I only have a 1 year old $25k nfcu card and a 1 mo old Wells Amex. My FAKO scores are mid 700's low 800's but just pulled my FICO 8 and all reporting 620 range. "short credit history" showing up in notes. Is there any way you can think of to get them to report this card on my personal credit? Not getting much help through branch or customer service. 

Valued Contributor
Posts: 1,213
Registered: ‎08-02-2016
0

Re: Wells Fargo business card not reporting onpersonal credit

Most business cards won't report on personal. Capital One does Wells Fargo/Chase/Amex etc don't.
Moderator
Posts: 12,674
Registered: ‎10-07-2014

Re: Wells Fargo business card not reporting onpersonal credit


njames33 wrote:

I signed up for a Wells Fargo business card about a year ago to help build credit. The banker told me the card would report to my personal credit report. After about 6/mos of getting the run around as to why it wasn't reporting I was finally told that because it's a business card it only reports on my business credit and not my personal. I only have a 1 year old $25k nfcu card and a 1 mo old Wells Amex. My FAKO scores are mid 700's low 800's but just pulled my FICO 8 and all reporting 620 range. "short credit history" showing up in notes. Is there any way you can think of to get them to report this card on my personal credit? Not getting much help through branch or customer service. 


Nothing you can do.  Sorry for what the banker told you but 99% of business credit cards do not report to your personal credit reports.  The only exception being the Spark card from CapitalOne.  While I understand why you want it to want it to report but the vast majority of business card holders prefer that they do not becuse it allows you the freedom to carry a balance if you so desire and not have that affect your scores because of utilization issues.  A year old or so card isnt going to help your scores that much because it's not going to add much to your credit age.  Only time will do that as your cards age.  Also if your scores are in the 620 range there is something else holding them down besides credit age.  I would pull your reports and check to see what might be there that is contributing to your score range.

New Member
Posts: 17
Registered: ‎03-16-2017
0

Re: Wells Fargo business card not reporting onpersonal credit

Although it's not going to help a ton I only have one other card that has been reporting since that time. All my good accounts are falling off my report because they are closed accounts and 10+ years old. 
I do have one medical collection for $910 from 2011 I'm in the process of trying to track down insurance information. From everything I've been reading it shouldn't be affecting my score that much.. I know they do pay for deletes and I'd consider just eating it if it would help my score that much. Thoughts?

New Contributor
Posts: 53
Registered: ‎03-11-2017
0

Re: Wells Fargo business card not reporting onpersonal credit

Only Capital one reports to personal side. Wells Fargo is very generous about line of credits. May be you can take advantage of that with your one year relationship?

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.