Wells Fargo pending

[Ramsport]

Got the dreaded pending status for my application.

It says we need to verify some information.

I've been banking with them for 20 years you think that it would already be verified.

Is this a no.

[TRC_WA]

Not necessarily.  I got the same thing when I apped and got an approval the next day and I've banked with them for years.

If approved though they can be a PITA to get a CLI with... at least in my experiences.  Last denial was due to checking balances and I'm like "OK then... I'll just move my ENTIRE direct deposit to NFCU."

[Ramsport]

Yeah I know they're a PITA. I've stuck with them out of sheer laziness.

I only applied for a balance transfer. Do you mind sharing what your data point was when you applied.

I waited for them to update my FICO score which stands at 705. 

I was told they pull Equifax and Equifax is the only credit report that I have one solitary bad from almost 7 years ago. Other reports clean and 715 respectively.

I'm guessing that's what they're checking.

Thank you for responding.

[TRC_WA]

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@Ramsport wrote:

Yeah I know they're a PITA. I've stuck with them out of sheer laziness.

I only applied for a balance transfer. Do you mind sharing what your data point was when you applied.

I waited for them to update my FICO score which stands at 705. 

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Mine were lower than that.  I was approved for the Platinum 2+ years ago and the Reflect 8 months ago with an EX Fico 8 of around 640-660 respectively... but I had virtually no apps or inquiries in 2 years because I was in the tail end of a 5 year Ch 13 bankruptcy plan so I wasn't doing credit apps.

[coldfusion]

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@Ramsport wrote:

Yeah I know they're a PITA. I've stuck with them out of sheer laziness.

I only applied for a balance transfer. Do you mind sharing what your data point was when you applied.

I waited for them to update my FICO score which stands at 705. 

I was told they pull Equifax and Equifax is the only credit report that I have one solitary bad from almost 7 years ago. Other reports clean and 715 respectively.

I'm guessing that's what they're checking.

Thank you for responding.

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Wells Fargo is more commonly associated with Experian hard pulls but it can and does vary, in part based upon which state you live in.  You can take a look at the charts in this thread https://ficoforums.myfico.com/t5/General-Credit-Topics/Which-Report-Will-They-Pull-Part-2/td-p/63797... to get an idea of odds that you really would trigger an Equifax hard pull if you applied. 

[Ramsport]

Thanks to all the responses I greatly appreciate them.

And I'm going to take a look at that. I'm in California and I had a app for it earlier but my Equifax was frozen so they just canceled it. Then they told me I had to wait 30 days before I could reapply.

The other poster is so correct. They are a PITA to deal with.

[bigseegar]

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@Ramsport wrote:

Got the dreaded pending status for my application.

It says we need to verify some information.

I've been banking with them for 20 years you think that it would already be verified.

Is this a no.

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I got the same last year and I too had not only banked with them in the past both personal and business checking accts but I also had had two home mortgages with the as well including a 20 year old active one...smh. Oh and it was a denial for too may INQ at that time (10/2, 4/12) btw.

[Ramsport]

So an update on my pending application to Wells Fargo.

They couldn't verify my phone number that's why the letter.

So I pulled up my three credit bureaus while I was on the phone with the department and Equifax doesn't list any phone numbers. Not a one.

Experian and transunion are okay.

But they pulled Equifax.

Since they couldn't verify my phone number I have to send in proof of my address. To the poster who had the two mortgages and a very tight relationship with Wells, I'm very surprised that they turned you down. That actually concerns me because they don't seem to consider a strong relationship.

My Equifax was frozen until I unfroze it to apply so I don't have any inquiries.

But it may rain tonight and who knows what determines why somebody gets approved. Lol

[TRC_WA]

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@Ramsport wrote:

To the poster who had the two mortgages and a very tight relationship with Wells, I'm very surprised that they turned you down. That actually concerns me because they don't seem to consider a strong relationship.

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They don't... and that's why I moved my everyday banking... DD's... etc to NFCU.  Easy decision.

[Ramsport]

Well, as I said in my initial posting, I only stayed out of sheer laziness. 

If it's denied I'm closing my accounts.

Thank you for responding.