Wells Fargo Secured... Declined

[Brusilov]

I think unsettled liens include IRS collections, government...and the next step in judgements where they go to court to take out a lien against your property or any assets.  Someone that knows a bit more about it can probably explain it more accurately.  As far as collections and civil judgements I don't think they're included but the latter would probably go a long way in possibly being a reason for denial.

[Anonymous]

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@vonmannstein wrote:

I think unsettled liens include IRS collections, government...and the next step in judgements where they go to court to take out a lien against your property or any assets.  Someone that knows a bit more about it can probably explain it more accurately.  As far as collections and civil judgements I don't think they're included but the latter would probably go a long way in possibly being a reason for denial.

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Actually a very logical reason for denial in that the lienholder could probably do a freeze & seize against the secured card's cash guaranty.

[Tazman81]

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@Anonymous wrote:

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@vonmannstein wrote:

I think unsettled liens include IRS collections, government...and the next step in judgements where they go to court to take out a lien against your property or any assets.  Someone that knows a bit more about it can probably explain it more accurately.  As far as collections and civil judgements I don't think they're included but the latter would probably go a long way in possibly being a reason for denial.

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Actually a very logical reason for denial in that the lienholder could probably do a freeze & seize against the secured card's cash guaranty.

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+1 ----  with that said, otherwise it seems their underwriting guidelines are a little more relaxed than BOA Secured Card.  Only thing is that you do not earn any interest on the funds you have deposited for guaranty.