topic Re: Wells Fargo Countered Secured! in Credit Card Applications

Wells Fargo Countered Secured!

Creditaddict — Tue, 02 Dec 2014 00:03:43 GMT

Against my better judgement I applied the previous week because they sent me a pre-approval in the mail... I applied and it went pending and I didn't follow up on it... Today I received a letter that they couldn't offer me unsecured but would be happy to open a secured card for me... LOL

Re: Wells Fargo Countered Secured!

Blake312 — Tue, 02 Dec 2014 00:08:32 GMT

@Creditaddict wrote:
Against my better judgement I applied the previous week because they sent me a pre-approval in the mail... I applied and it went pending and I didn't follow up on it... Today I received a letter that they couldn't offer me unsecured but would be happy to open a secured card for me... LOL

That sounds cute.

Re: Wells Fargo Countered Secured!

Anonymous — Tue, 02 Dec 2014 00:05:57 GMT

@Creditaddict wrote:
Against my better judgement I applied the previous week because they sent me a pre-approval in the mail... I applied and it went pending and I didn't follow up on it... Today I received a letter that they couldn't offer me unsecured but would be happy to open a secured card for me... LOL

Hope you know better than this? WF??? I am praying... you are so exasperating.

Re: Wells Fargo Countered Secured!

Blake312 — Tue, 02 Dec 2014 00:09:45 GMT

I wonder how they hand a guy with 66+ cards a secured card, how bad is your AAoA with all those cards? Any high balances, too many balances? Anything, lol.

Re: Wells Fargo Countered Secured!

Creditaddict — Tue, 02 Dec 2014 00:27:03 GMT

@Blake312 wrote:
I wonder how they hand a guy with 66+ cards a secured card, how bad is your AAoA with all those cards? Any high balances, too many balances? Anything, lol.

well if I could talk to someone in AMERICA with a brain and ability to review a credit report I might be able to answer what the issues are.

they pulled EX but sent a fako score

My AA is over 5 years

the 3rd reason on the list is proportion of balances to credit limits but the first "backdoor UW" number i called was nothing more than a person reading off the letter I have, she was not looking at any credit report so she couldn't tell me what accounts they thought were high and that I PIF.

she said they send off for review if I want a 2nd review done but another credit report would be pulled. but her english was to shakey for me to trust her a minute longer so I hung up on her.

Re: Wells Fargo Countered Secured!

Creditaddict — Tue, 02 Dec 2014 00:39:59 GMT

Wells Fargo: 800-967-9521 (credit card underwriting - credit to Brax)

Wells Fargo: 866-412-5956 (UW) per michael_us

These numbers are not underwriters... they are simply a different customer service department that can "maybe" submit for a 2nd review IF they find "overriding factors" whatever that means considering they can't view a credit report... they both did mention "customer relationship" so i guess that's how they determine if they can send for over-riding... of course they both also came back and said that "My relationship isn't strong enough to consider the app a 2nd time"

Perhaps because I find your customer service terrible and closed all my accounts!

I called Wells Fargo: 866-677-1128 (now Executive Office - credit to Brax) and she can't even pull up an application but I'm currently on hold for a transfer (supposedly) DIRECTLY to a real underwriter but I'm not holding my breath

Re: Wells Fargo Countered Secured!

Anomalous — Tue, 02 Dec 2014 00:42:22 GMT

Nice

Re: Wells Fargo Countered Secured!

Anonymous — Tue, 02 Dec 2014 00:45:01 GMT

LMAO!! Get in the garden!!!

Re: Wells Fargo Countered Secured!

CreditCuriosity — Tue, 02 Dec 2014 00:51:47 GMT

very determined!

Re: Wells Fargo Countered Secured!

Creditaddict — Tue, 02 Dec 2014 00:53:53 GMT

Well that seemed to transfer me back to same department but she talked to me a little more knowledgable up until she said you have called twice already?

YES, because so far I have not talked to the credit department!

she said we are the credit department

I said if you can't review my credit report, you are not the credit department.

she said I can review you credit report

I said okay, well the others could not.

she said we can review it, we just can't discuss it, that's not something we choose, the credit agencies don't allow us.

I said that's not true, it's a bank policy and that is fine but the credit agencies don't depict anything you do.

well we can't provide you specifics off your credit report.

that is fine as I have it already.

Okay, so the delinquencies listed on your report are paid and you would like the application reconsidered correct?

YES

Okay, I submitted that, you can call us back Wed. for an update.

EXHAUSTING... IF they do approve me I'm going to MAX it and pay the minimum until the 0% runs out and then PIF and SD... UGH!

Re: Wells Fargo Countered Secured!

Anonymous — Tue, 02 Dec 2014 01:07:02 GMT

@Creditaddict wrote:
Well that seemed to transfer me back to same department but she talked to me a little more knowledgable up until she said you have called twice already?
YES, because so far I have not talked to the credit department!
she said we are the credit department
I said if you can't review my credit report, you are not the credit department.
she said I can review you credit report
I said okay, well the others could not.
she said we can review it, we just can't discuss it, that's not something we choose, the credit agencies don't allow us.
I said that's not true, it's a bank policy and that is fine but the credit agencies don't depict anything you do.
well we can't provide you specifics off your credit report.
that is fine as I have it already.
Okay, so the delinquencies listed on your report are paid and you would like the application reconsidered correct?
YES
Okay, I submitted that, you can call us back Wed. for an update.

EXHAUSTING... IF they do approve me I'm going to MAX it and pay the minimum until the 0% runs out and then PIF and SD... UGH!

"EXHAUSTING... IF they do approve me I'm going to MAX it and pay the minimum until the 0% runs out and then PIF and SD... UGH!" That is funny..

Re: Wells Fargo Countered Secured!

Creditaddict — Tue, 02 Dec 2014 01:14:32 GMT

@yesi-ts-me wrote:
@Creditaddict wrote:
Well that seemed to transfer me back to same department but she talked to me a little more knowledgable up until she said you have called twice already?
YES, because so far I have not talked to the credit department!
she said we are the credit department
I said if you can't review my credit report, you are not the credit department.
she said I can review you credit report
I said okay, well the others could not.
she said we can review it, we just can't discuss it, that's not something we choose, the credit agencies don't allow us.
I said that's not true, it's a bank policy and that is fine but the credit agencies don't depict anything you do.
well we can't provide you specifics off your credit report.
that is fine as I have it already.
Okay, so the delinquencies listed on your report are paid and you would like the application reconsidered correct?
YES
Okay, I submitted that, you can call us back Wed. for an update.

EXHAUSTING... IF they do approve me I'm going to MAX it and pay the minimum until the 0% runs out and then PIF and SD... UGH!
"EXHAUSTING... IF they do approve me I'm going to MAX it and pay the minimum until the 0% runs out and then PIF and SD... UGH!" That is funny..

HEHE, I wouldn't but it felt good saying it!

Re: Wells Fargo Countered Secured!

Creditaddict — Wed, 03 Dec 2014 00:32:47 GMT

Review came back declined again BUT it noted "Negative information within 24 months"

What I had asked the previous 4 people I spoke with and previous banker and reps the last time I applied for there offer and was declined and was always told no specific amount! I don't know why banks need to play these stupid games when they are so terrible at playing them!

Re: Wells Fargo Countered Secured!

pizza1 — Wed, 03 Dec 2014 02:18:18 GMT

Lmao!!! I LOVE your phone conversations!! Hahahaha

Re: Wells Fargo Countered Secured!

Creditaddict — Wed, 03 Dec 2014 02:31:50 GMT

My YouTube channel is around the corner!!
What shall I cover first

Re: Wells Fargo Countered Secured!

B335is — Wed, 03 Dec 2014 02:53:45 GMT

@Creditaddict wrote:
My YouTube channel is around the corner!!
What shall I cover first

My vote is Comenity.

I love it when they go through a billion verifications (after you already do it on the keypad, before speaking to a human, who puts you through the same verification once again) and they still can't discuss anything with you because of some made up law they can't cite. I wonder if they even submitted it for another review, unless negative information within 24 hours meant your phone call

Re: Wells Fargo Countered Secured!

olehammer — Thu, 12 Nov 2015 16:49:45 GMT

Curious if you got a secured card with the existing badies. Were they open?

Re: Wells Fargo Countered Secured!

Ron1 — Thu, 12 Nov 2015 16:57:59 GMT

Sorry to hear, CA!!! Do you have any banking relationship with them? I got denied several times last year. What did you apply? I started out with Kirkland's and then Propel 365. That's how I build the banking relationship. I till don't have any checking or savings with WF. Their WF Visa is tougher than Amex. IMO.

Ron.

Re: Wells Fargo Countered Secured!

Anonymous — Thu, 12 Nov 2015 17:00:50 GMT

This thread is a year old, guys.

Re: Wells Fargo Countered Secured!

Creditaddict — Thu, 12 Nov 2015 17:01:49 GMT

@Ron1 wrote:
Sorry to hear, CA!!! Do you have any banking relationship with them? I got denied several times last year. What did you apply? I started out with Kirkland's and then Propel 365. That's how I build the banking relationship. I till don't have any checking or savings with WF. Their WF Visa is tougher than Amex. IMO.

Ron.

This is pretty old if I'm not mistaken.

No we don't bank with them at all anymore because I hate them.

We just left my partners $16,200 Credit Line open because that's at 13%