11-28-2013 12:52 AM
As of posting I only have a maximum of $1100 of debt on my CR from charge offs. I put $450 security deposit towards a Wells Fargo Secured Visa. At the time of posting I have worked over 6 months with my current employer and have a positive relationship with Wells Fargo.
I submitted the application, thinking I would get an approved message.
I instead got a screen saying
"We need to verify a few pieces of information before we can give you a credit decision".
When I called, I got a robot response saying "Your account is currently under review, we will let you know our desicsion in 7-10 days". This sounds like a canned response when one is denied.
Has anyone else app'ed for the WF Secured Visa, and if so, can you tell me the process you went through? I'm really worried it will be declined, which stinks, as I am trying to build credit.
11-28-2013 12:54 AM
So you only have the Fingerhut CC as a positive tradeline right now?
11-28-2013 12:56 AM
Wow, someone else is up at 3am!
Yes, but it has not been on there more than 6 months, maybe 2 at the most.
My CR is not as nearly bad as some people's and the personal banker said even illegal aliens have been approved.
Still worrying though, I seem to be the constant victim of murphy's law.
11-28-2013 01:01 AM
Perhaps you should try one of the Wells Fargo numbers in the "Backdoor Numbers" sticky on Friday or Monday and see if they need anything from you to reach their decision. Right now, it sounds like a definite maybe.
Worst case scenario, if you're denied, maybe you could see if you can settle on your CO for the $450 you have put aside for the secured CC?
11-28-2013 01:02 AM
Yes I work night shift as a receptionist at a hotel. Are you currenlty banking with WF? Ive noticed that WF appreciates banking relationship.
11-28-2013 01:10 AM
Yes, I have a checking and savings with them for a few months now. I plan on dropping the savings with them soon (shhh), as I opened a High Yield (still a joke apy) savings account with American Express.
Thing is, the application said we need to verify some information, but it didn't really say what information needed to be verified.
Kinda sucks about having to wait for it by mail. I was actually planning on using it sooner for xmas shopping. I guess they don't have instant credit cards like they do the debit card.
11-28-2013 01:15 AM
They do have instant approvals but it all depends on your file if they see something that needs a look then they will hold your app but that doesnt mean a denial, my sister applied for VISA Platinum and got the same message yet she got approved with a $1k CL 4 days later. She also banks with them.
11-28-2013 01:16 AM
Try what SunRiseEarth said call the back door number
11-28-2013 01:29 AM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.