topic Re: Wells Fargo vs. USAA/NFCU in Credit Cards

Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 05:05:06 GMT

How does Wells Fargo mount up to these Banks when it comes to all around banking. I have a chance to get in USAA and working on getting into NFCU. Is it worth dropping Wells Fargo. I plan to get checking, savings, car finance, mortage and credit cards through my bank.

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 05:17:42 GMT

rightcoast how many times do we got to tell you?

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 05:43:06 GMT

Look Im just creating topics. Im not here to offend anyone and if I do, I apologize. I am obviously trying to find the right banks that fight my needs and not make mistakes along the way. Isnt that what this forum is for?

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 05:44:55 GMT

You dont have to comment if you don't want to. Someone down the road might have interest in this topic and find it useful. I am looking to help people out just as a few members have helped me on here.

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 05:46:15 GMT

Through your other post there was a concenus that any of the Organizations would be better than Wells Fargo. Almost any credit union is going to beat out a big bank for rebuilders.

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 05:50:47 GMT

Alright, maybe I just wanted to see peoples views on it. Different opinions. Come on now I dont bash you when you brag about your CL increases. Im interested in gaining knowledge on others opinions so I can help people and myself along the way.

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 06:03:27 GMT

Im not bragging rightcoast just showing what rebuilding your credit will do if you play the game right. I started out with USAA with only a orchard bank card like so many others. I got in with the Credit Unions and they help me rebuild my credit to the point where I got a card from Chase, Discover and Barclays. Getting through the door in the tough part, once you do that you will grow with them. But a credit union was essential for me to do it correctly. With you getting into NFCU a long shot I still recomend DCU as the best alternative for your rebuilding situation. I have no doubt if you go with them in six months you will have a unsecured visa with a 5k limit. Not so Much will Wells Fargo, USAA or Penfed.

Just for instance I will disclose some info about my credit profile and how it relates to USAA and Penfed. Both of these organizations pull equifax for credit cards. Just recently I apped for both cards and was denied both cards with a 697 credit score reasons for denial to many inquires which where only 3 in the past 12 months all from NFCU and one 60 day late that is over two years old on a car loan. So there tough nuts to crack. On the other hand I was just approved by DCU for a 8k visa with the same credit report with 8 inquires and the same info. Just waiting on verification of my ID to proceed with DCU.

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 06:04:07 GMT

@Anonymous wrote:
Through your other post there was a concenus that any of the Organizations would be better than Wells Fargo. Almost any credit union is going to beat out a big bank for rebuilders.

I don't agree with that. My local CU does not have secured CC and it is difficult to get a CC with them unless you have excellent credit. There are thousands of CU's, so I don't think you can paint them with the same brush.

I have a Wells Fargo account, and they do have a secured card. They are a full service bank and agressively market all of them. I live in a different city than where I work. WF has a branch within a few blocks of my home and my work. There are no CU that have branches in both cities much less walking distance.

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 06:08:34 GMT

The fact of the matter is that there are very well known CU's on this board that are very rebuilder freindly, Im not talking about any CU. If you look through the boards you will find out that most of the rebuilder freiendly institutions are Credit Unions and that is a fact.

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 06:20:11 GMT

Thanks for sharing Dodge! I just want to let people know I am not trying "beat the system to get into these credit unions" as I read in a post earlier. Yes, I have been posting alot about these unions but I am simply looking for some advice on creating a better financial situation for my family. No, I am not a service man but should I feel guilty about joining these through my Grandfather? I mean, If I were a service man I would love for my children and grandchildren to join my trust in my bank. Can you agree here?

Re: Wells Fargo vs. USAA/NFCU

CreditWorld2013 — Mon, 31 Dec 2012 06:22:18 GMT

I find that these boards are getting a bit more vicious each day

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 06:22:21 GMT

I am rebuilding and already have Wells Fargo secured as well as capital one and credit one (unsecured). I am looking to join a bank and get an installment loan so I can eventually purchase a home for my family. I just want the best bank/union possible so I can grow and help our economy!

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 06:23:46 GMT

@Anonymous wrote:
The fact of the matter is that there are very well known CU's on this board that are very rebuilder freindly, Im not talking about any CU. If you look through the boards you will find out that most of the rebuilder freiendly institutions are Credit Unions and that is a fact.

Well at least you backed away from "Almost any" to only the ones discussed on this forum. But still not a fact. Many of the major banks have secured and entry level cards for rebuilders. Also many store cards are easy qualification and useful for rebuilders. I think there are less CU's discussed here thank for profit banks.

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 06:25:00 GMT

I certaintly agree. Like I said I wasnt trying to offend anyone about my topics on NFCU, PenFed and other military banks. If Im eligible, why does it "piss someone off" if I join? I love the Forums and want to contribute to the people as much as possible considering the difficulty of maintaining good credit in this economy.

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 06:27:40 GMT

Wolf Rightcoast is past that stage you need to look at his credit profile. He needs to get into a CU where the underwriting is not as strict

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 06:31:28 GMT

I guess I have been off-subject. But anyways, I believe I can join USAA and DCU but just wanted to make sure I wasnt making a bad decision dropping Wells Fargo.

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 06:38:06 GMT

No need to close your wellsfargo account, in todays crazy financial world it is wise to have more than one bank. I live in Europe right now and I can tell you banks are here one second gone the next. Im talking huge banks.

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 06:42:11 GMT

Good idea!

Re: Wells Fargo vs. USAA/NFCU

Anonymous — Mon, 31 Dec 2012 10:33:22 GMT

Re: Wells Fargo vs. USAA/NFCU

kevinjjc — Mon, 31 Dec 2012 13:22:19 GMT

@Anonymous wrote:
Im not bragging rightcoast just showing what rebuilding your credit will do if you play the game right. I started out with USAA with only a orchard bank card like so many others. I got in with the Credit Unions and they help me rebuild my credit to the point where I got a card from Chase, Discover and Barclays. Getting through the door in the tough part, once you do that you will grow with them. But a credit union was essential for me to do it correctly. With you getting into NFCU a long shot I still recomend DCU as the best alternative for your rebuilding situation. I have no doubt if you go with them in six months you will have a unsecured visa with a 5k limit. Not so Much will Wells Fargo, USAA or Penfed.

Just for instance I will disclose some info about my credit profile and how it relates to USAA and Penfed. Both of these organizations pull equifax for credit cards. Just recently I apped for both cards and was denied both cards with a 697 credit score reasons for denial to many inquires which where only 3 in the past 12 months all from NFCU and one 60 day late that is over two years old on a car loan. So there tough nuts to crack. On the other hand I was just approved by DCU for a 8k visa with the same credit report with 8 inquires and the same info. Just waiting on verification of my ID to proceed with DCU.

+1 I completely agree with dodgeball. Joining DCU would be rightcoast's key to building/rebuilding credit as NFCU was to dodgeball's building/rebuilding. Also, DCU gives free monthly Equifax FICO credit score.