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Wells Fargo Cash Back card after BK7

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mrsjr
Regular Contributor
‎02-14-2015 07:55 AM
‎02-14-2015 07:55 AM

Wells Fargo Cash Back card after BK7

I was approved for a Wells Fargo Cash Back visa 3 years after filing BK7.  I was denied a year ago, but approved today.  So I guess one of the big banks in BK friendly.


Starting Score: 601
Current Score: 739 TU
Goal Score: 800

Take the myFICO Fitness Challenge
Message 1 of 12
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Anonymous
Not applicable
‎02-14-2015 08:03 AM
‎02-14-2015 08:03 AM

Re: Wells Fargo Cash Back card after BK7

@mrsjr wrote:

I was approved for a Wells Fargo Cash Back visa 3 years after filing BK7.  I was denied a year ago, but approved today.  So I guess one of the big banks in BK friendly.

It's a miracle! They must love you ... congrats!

Message 2 of 12
chalupaman
Super Contributor
‎02-14-2015 08:03 AM
‎02-14-2015 08:03 AM

Re: Wells Fargo Cash Back card after BK7

Not bad!

 

Work with that card for a while and maybe in the future you can qualify for a Propel.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down
Message 3 of 12
Jerry45
Valued Contributor
‎02-14-2015 08:11 AM
‎02-14-2015 08:11 AM

Re: Wells Fargo Cash Back card after BK7

CongratsSmiley Happy

Message 4 of 12
CWESTL
Regular Contributor
‎02-14-2015 08:14 AM
‎02-14-2015 08:14 AM

Re: Wells Fargo Cash Back card after BK7

Congratulations!!! I was sent an email invitation to apply for the same card, but held off because of hearing Wells Fargo wasn't BK friendly. I have a mortgage with WF that was discharged in BK. However, I haven't had a late payment on the mortgage in approximately five years and will continue to pay the mortgage. All my IIBK accounts fall off this year except my mortgage. I may apply after my credit reports are mostly clean. 

 

Mrsjr - Do you have any IIBK accounts still reporting on your credit reports? Do you have a banking or other relationship with WF?

Chapter 7 Discharge Aug 2013 (Removed 2022 & 2023)
Jan 2024 EQ FICO 8 840
Jan 2024 TU FICO 8 779
Jan 2024 EX FICO 8 788
Jan 2024 EQ FICO 9 824 AMEX Cash Magnet $26K; AMEX Platinum NPSL, POT $27.5K; Cap One QS World MC $11k; Cap One Venture Sign VS $30k; Chase Sapphire Pref $18K; Citi Simplicity $7K; NFCU AMEX Rwds $28k; NFCU VS Sign Cash Rwds $24.1k; NFCU Plat VS $19k; Wells Fargo Reflect $25K; Mercury (previously Barclay Rwds MC) $5750k; Lowes $35k; Neiman Marcus $44k; Discover It $11.5k; Discover It $19.5K; Venmo Visa Sign $20K; Barclaycard (AU) $25.5K; Discover (AU) $19.5k New Mortgage Jan 2016 & Nonreaffirmed Mortgage Refinance Nov 2020; HELOC @ 2.75% Apr 2022; New Auto July 2017; NFCU LOC $20K
GOAL 820 FICOs on ALL 3 CRs by JANUARY 2025.
AMEX Lowes Business $25K
AMEX Business LOC $25K
Chase Ink Business Unlimited $26.5K; US Bank Business Platinum $10K
Message 5 of 12
dragonfly66
Frequent Contributor
‎02-14-2015 08:22 AM
‎02-14-2015 08:22 AM

Re: Wells Fargo Cash Back card after BK7

Congratulations on your approval.  I just got approved for 2 Wells Fargo credit cards (Home Improvement Visa & Mortgage Rebate Visa) a couple of days ago and I have both a BK13 and a paid judgement on my credit (along with a few other baddies).  I got a CL of $7,800 for Home Improvement and $3,000 for Mortgage Rebate.  You can see my "App Spree" post for details, but I was really nervous about them approving me also.  I've always known them to be a more conservative bank, and not very BK friendly.  Maybe they're finally loosening up a bit.

Current - FICO 3/2019: EX(753); EQ(763); TU(749)
Beginning - FICO 7/2014: EX(630); EQ(608); TU(581)
Credit: Wells Fargo Home Projects Charge Card ($7,800); Wells Fargo Home Rebate Visa ($4,000); Capital One Quicksilver ($10,000); Capital One Venture ($6,000); Discover it ($7,900); Macy's ($20,000); BrandsMart ($4,000); Banana Republic ($1,200); Lowes ($12,000); Amex Everyday ($30,000); Macy's Amex ($15,000); Amex Platinum (NPSL); Citi Diamond Preferred ($9,000); Chase Freedom ($9,000); Wells Fargo Outdoor Solutions ($10,000); SunTrust HELOC ($25,000)
Message 6 of 12
dragonfly66
Frequent Contributor
‎02-14-2015 08:24 AM
‎02-14-2015 08:24 AM

Re: Wells Fargo Cash Back card after BK7

I should have also mentioned that I do have my current mortgage with Wells Fargo, but that is the only relationship I have with them.

Current - FICO 3/2019: EX(753); EQ(763); TU(749)
Beginning - FICO 7/2014: EX(630); EQ(608); TU(581)
Credit: Wells Fargo Home Projects Charge Card ($7,800); Wells Fargo Home Rebate Visa ($4,000); Capital One Quicksilver ($10,000); Capital One Venture ($6,000); Discover it ($7,900); Macy's ($20,000); BrandsMart ($4,000); Banana Republic ($1,200); Lowes ($12,000); Amex Everyday ($30,000); Macy's Amex ($15,000); Amex Platinum (NPSL); Citi Diamond Preferred ($9,000); Chase Freedom ($9,000); Wells Fargo Outdoor Solutions ($10,000); SunTrust HELOC ($25,000)
Message 7 of 12
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mrsjr
Regular Contributor
‎02-14-2015 08:34 AM
‎02-14-2015 08:34 AM

Re: Wells Fargo Cash Back card after BK7

@CWESTL wrote:

Congratulations!!! I was sent an email invitation to apply for the same card, but held off because of hearing Wells Fargo wasn't BK friendly. I have a mortgage with WF that was discharged in BK. However, I haven't had a late payment on the mortgage in approximately five years and will continue to pay the mortgage. All my IIBK account fall off this year except my mortgage. I may apply after my credit reports are mostly clean. 

 

Mrsjr - Do you have any IIBK accounts still reporting on your credit reports? Do you have a banking or other relationship with WF?

The only relationship I have with them is a checking account, but I don't keep much money in it.  I do most of my banking at another institution.  And all of my IIBK accounts have fallen off.  Good luck  to you when you decide to apply.  I keep my utilization very low, usually at 0-1%, so that may have helped me.


Starting Score: 601
Current Score: 739 TU
Goal Score: 800

Take the myFICO Fitness Challenge
Message 8 of 12
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uswala
Senior Contributor
‎02-14-2015 09:42 AM
‎02-14-2015 09:42 AM

Re: Wells Fargo Cash Back card after BK7

Congrats on the approval!

Message 9 of 12
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12njoy
Super Contributor
‎02-14-2015 10:26 AM
‎02-14-2015 10:26 AM

Re: Wells Fargo Cash Back card after BK7

@mrsjr wrote:

I was approved for a Wells Fargo Cash Back visa 3 years after filing BK7.  I was denied a year ago, but approved today.  So I guess one of the big banks in BK friendly.

Congrats!!!  FYI,  I spoke with Wells Fargo underwriting when I first got my card and was told that you can request CLI every four months.  In 8 months I went from a new relationship with them to 30k between two cards (20k on Platinum Visa and 10k on Propel)

(Formerly known as: Credit is my hobby (1.6M)/TCL objective)
___________ 12Njoy
FICO - EX 810; EQ 797; TU 804 I'm climbing back to 800+
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