topic Re: Soft Pull CLI with Wells Fargo? in Credit Cards

Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 20:10:05 GMT

I requested a CLI from Wells Fargo from $1500 to $5000. They offered me $2400 and said it was based on internal information. The last time I requested an increase with them, I think they pulled my credit report.

Does Wells Fargo do soft pull CLIs or is it possible my report was pulled without them telling me (I can't check all my credit reports because I'm relatively new to credit)?

Re: Soft Pull CLI with Wells Fargo?

gdale6 — Mon, 27 Jan 2014 20:11:03 GMT

"Based on internal info" would lead me to believe that they used an AR soft pull to approve the increase and did not pull a CR.

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 20:12:14 GMT

@gdale6 wrote:
"Based on internal info" would lead me to believe that they used an AR soft pull to approve the increase and did not pull a CR.

AR? Does that mean Annual Review? I've heard Wells softs CRs about 2x a year

Re: Soft Pull CLI with Wells Fargo?

newUser0 — Mon, 27 Jan 2014 20:13:26 GMT

I never know, we can CLI WF card from their online account. Congrats on CLI

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 20:14:33 GMT

@newUser0 wrote:
I never know, we can CLI WF card from their online account. Congrats on CLI

Really? How? I've never seen the option to request it online Thanks!

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 20:14:47 GMT

@Anonymous wrote:
I requested a CLI from Wells Fargo from $1500 to $5000. They offered me $2400 and said it was based on internal information. The last time I requested an increase with them, I think they pulled my credit report.

Does Wells Fargo do soft pull CLIs or is it possible my report was pulled without them telling me (I can't check all my credit reports because I'm relatively new to credit)?

Call them again.

Ask to be transfered to the credit department. They'll be able to tell you if they did a HP.

Wells Fargo can do SP CLIs, but if you are not eligible for one, they will do a HP CLI auomatically almost immediately after. Sometimes if you are lucky, you can call the credit department and have them cancel the CLI request before it is actually processed.

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 20:19:29 GMT

@Anonymous wrote:
@Anonymous wrote:
I requested a CLI from Wells Fargo from $1500 to $5000. They offered me $2400 and said it was based on internal information. The last time I requested an increase with them, I think they pulled my credit report.

Does Wells Fargo do soft pull CLIs or is it possible my report was pulled without them telling me (I can't check all my credit reports because I'm relatively new to credit)?
Call them again.
Ask to be transfered to the credit department. They'll be able to tell you if they did a HP.

Wells Fargo can do SP CLIs, but if you are not eligible for one, they will do a HP CLI auomatically almost immediately after. Sometimes if you are lucky, you can call the credit department and have them cancel the CLI request before it is actually processed.

I think I did speak with the credit department - I called using the backdoor numbers here. And I think I'm a little too late. I already accepted the $2400. Are they supposed to tell me when they do a HP?

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 20:21:51 GMT

Technically no. Whenever you seek credit for any reason with any lender, they are legally allowed to do a hard inquiry.

If you want you can call back to verify if they did do a hard inquiry.

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 20:23:07 GMT

@Anonymous wrote:
Technically no. Whenever you seek credit for any reason with any lender, they are legally allowed to do a hard inquiry.

If you want you can call back to verify if they did do a hard inquiry.

Okay. I was under the impression they were allowed to ask (because Discover asks you).

Well I did ask the CSR when I first called and I was told it was only based on internal information. Is there another number you'd recommend?

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 20:28:24 GMT

Normally I just call the regular customer service number and ask to be transferred to the credit department right away to talk to an analyst. They seems to have no issues doing so.

Don't worry too much about it. Its most likely a SP, I think. Even if its a HP, it's just 1 inquiry anyways.

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 20:35:18 GMT

@Anonymous wrote:
Normally I just call the regular customer service number and ask to be transferred to the credit department right away to talk to an analyst. They seems to have no issues doing so.

Don't worry too much about it. Its most likely a SP, I think. Even if its a HP, it's just 1 inquiry anyways.

Ya. Too late anyway. If it is a HP I'd be a little bummed that Wells only gave me an increase of $900 (at least rounding it to $2500 would have been nice considering I'm a little OCD like that haha)

Thanks enharu! You're awesome!!

Re: Soft Pull CLI with Wells Fargo?

gdale6 — Mon, 27 Jan 2014 20:37:48 GMT

@Anonymous wrote:
@gdale6 wrote:
"Based on internal info" would lead me to believe that they used an AR soft pull to approve the increase and did not pull a CR.
AR? Does that mean Annual Review? I've heard Wells softs CRs about 2x a year

Account Review, its done by most creditors on a monthly basis, with some it could be 4x, 2x or even annually.

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 20:41:21 GMT

Not a problem! You can call to verify if a HP is done. If they did do one, then you can always try ask for more using that same inquiry!

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 20:42:21 GMT

@Anonymous wrote:
Not a problem! You can call to verify if a HP is done. If they did do one, then you can always try ask for more using that same inquiry!

Oh I didn't realize this was possible. I'll report back with the results

Re: Soft Pull CLI with Wells Fargo?

RnJ — Mon, 27 Jan 2014 21:40:24 GMT

In the future, when calling them - the number is found online from > your card account > products and services > card services > [number to call for CLI]. Always state up front you are asking for an eligible CLI with a soft pull only. Answer a few questions (income, exp of your card, 3-digit security code from your card, amount requested) - again state SP only, they will tell you if you're eligible for the amount requested (computer generated), otherwise they will transfer you to an analyst to answer additional questions for a higher CLI with hardpull (may or may not be gauranteed).

I don't think they ever had a CLI link or button on online accounts.

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 22:42:17 GMT

@RnJ wrote:
In the future, when calling them - the number is found online from > your card account > products and services > card services > [number to call for CLI]. Always state up front you are asking for an eligible CLI with a soft pull only. Answer a few questions (income, exp of your card, 3-digit security code from your card, amount requested) - again state SP only, they will tell you if you're eligible for the amount requested (computer generated), otherwise they will transfer you to an analyst to answer additional questions for a higher CLI with hardpull (may or may not be gauranteed).

I don't think they ever had a CLI link or button on online accounts.

I don't mind the HP. I'm just trying to figure out if this is the highest Wells Fargo will give me with a HP.

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Mon, 27 Jan 2014 23:41:28 GMT

Just called again, it's a soft pull! Going form 1500 to 2400 via a soft pull! Not bad I think I'm just gonna garden for a while considering I requested CLIs with BoA and Discover with a hard pull on a whim today

Re: Soft Pull CLI with Wells Fargo?

lhcole77 — Tue, 28 Jan 2014 00:08:53 GMT

@Anonymous wrote:
Just called again, it's a soft pull! Going form 1500 to 2400 via a soft pull! Not bad I think I'm just gonna garden for a while considering I requested CLIs with BoA and Discover with a hard pull on a whim today

Congrats! I've been very pleased with WF.

All 4 of my CLIs have been SP!

Re: Soft Pull CLI with Wells Fargo?

Anonymous — Tue, 28 Jan 2014 05:33:08 GMT

@lhcole77 wrote:
@Anonymous wrote:
Just called again, it's a soft pull! Going form 1500 to 2400 via a soft pull! Not bad I think I'm just gonna garden for a while considering I requested CLIs with BoA and Discover with a hard pull on a whim today
Congrats! I've been very pleased with WF.

All 4 of my CLIs have been SP!

Ya I am very grateful for them. They extended credit to me when no one would and have been giving me auto CLIs as well. Just hope their website and app could migrate to the 21st century