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100k Wells Fargo Personal Loan?

Valued Contributor

Re: 100k Wells Fargo Personal Loan?

You have zero chance.

 

Almost no credit history. Very, very short work history. Not enough income.

 

You haven't stated but I'm assuming that you don't have a net worth of at least $1,000,000.

 

Do you have any idea what it takes to qualify for a personal loan of $100K?

Valued Contributor

Re: 100k Wells Fargo Personal Loan?


Jonbuck06 wrote:

i mean someone must be able to get them if they werent able to i dont think wells fargo would offer unsecured loans up to 100k.



Yes, but if they gave a $100k personal loan to everyone who makes $100k+ pre-tax, they would be handing out loans left and right.  Though it's much more than I make, $100k is not an incredible income.

 

Of course, you have a much better chance if you have a good reason for requesting such a large personal loan.  Clue us in? Smiley Happy

In My Wallet:
AMEX BCE, Citi Forward, Chase Freedom

In My Sockdrawer:
AMEX Clear, Citi Platinum Select, US Bank Platinum, J.Crew
Established Contributor

Re: 100k Wells Fargo Personal Loan?

Heart surgery and medical won't cover it and no credit history? I have over 10 years of credit history
Transunion - 788 05/16
Experian - 745 05/16
Equifax - 740 05/16
Established Contributor

Re: 100k Wells Fargo Personal Loan?

oh and I must have calculated something wrong according to my last 3 checks I net $4632.44 every 2 weeks.
Transunion - 788 05/16
Experian - 745 05/16
Equifax - 740 05/16
Established Contributor

Re: 100k Wells Fargo Personal Loan?

Ill let everyone know how it goes!!

Transunion - 788 05/16
Experian - 745 05/16
Equifax - 740 05/16
Regular Contributor

Re: 100k Wells Fargo Personal Loan?

I don't want to pry...but is this for someone not covered by your medical insurance? That'd be crazy if your insurance wouldn't cover that procedure for you/your dependants. You need to let the hospital/surgeon know that this is coming directly from your pocket.

 

I personally hope they give you the max + for whatever you qualify for. You might need a plan B to make up the difference though. 401k loans...HELOC if you have a house not underwater, donations/loans from family. Again, best of luck.

Ex: 657 (fico lender pull)
Tu: 666 fico
Eq: 641 fico
Regular Contributor

Re: 100k Wells Fargo Personal Loan?

I hope things work out for you, but I just dont see banks in this economy handing out a blank check for that amount. I'm no loan officer, but I would think the low credit limits you have and recent credit you've applied for is going to be a negative.


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Contributor

Re: 100k Wells Fargo Personal Loan?

Zero chance, sorry.

 

Do you have assets with equity in them? WF is conservative and my quess is that you would nee to be making $300K+ per year, and have significant deposits on records with them for that kind of personal unsecure loan, but good luck.

07/23/12 - EQ - 733

Low Point - 558 in late 2009
Working towards being debt free! FICO Goal: 700+ and debt free!
In my wallet - AMEX Green, Discover Platinum, BOA Alaska Airlines Signature
Valued Contributor

Re: 100k Wells Fargo Personal Loan?


Jonbuck06 wrote:
oh and I must have calculated something wrong according to my last 3 checks I net $4632.44 every 2 weeks.


By net do you mean after taxes and all other monthly bills?  Or only after taxes? 

In My Wallet:
AMEX BCE, Citi Forward, Chase Freedom

In My Sockdrawer:
AMEX Clear, Citi Platinum Select, US Bank Platinum, J.Crew
Established Contributor

Re: 100k Wells Fargo Personal Loan?

i have no monthly bills and yes after taxes i applied yesterday and they said i should recieve a answer today!!

Transunion - 788 05/16
Experian - 745 05/16
Equifax - 740 05/16