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Wellsfargo Pending.....WHY???? ๐Ÿ˜Œ๐Ÿคท๐Ÿพโ€โ™‚๏ธ ๐Ÿค”

jazzyvar84
Regular Contributor

Wellsfargo Pending.....WHY???? ๐Ÿ˜Œ๐Ÿคท๐Ÿพโ€โ™‚๏ธ ๐Ÿค”

Well, I just applied for a Wellsfargo credit card. It says pending and they will contact me for more information. My utilization is currently 17%. They pulled Experian (677). A collections account popped up, but Iโ€™m working on it. What is the pending about???? Please help! Will I get the card???
32 REPLIES 32
Jnbmom
Community Leader
Super Contributor

Re: Wellsfargo Pending.....WHY???? ๐Ÿ˜Œ๐Ÿคท๐Ÿพโ€โ™‚๏ธ ๐Ÿค”

Pending could mean they are doing a manual review, but honestly if you had a recent collection pop up it could be a denial.
EXP 780 EQ 791TU 795
Message 2 of 33
jazzyvar84
Regular Contributor

Re: Wellsfargo Pending.....WHY???? ๐Ÿ˜Œ๐Ÿคท๐Ÿพโ€โ™‚๏ธ ๐Ÿค”

The collection has been there a little over a year.
Message 3 of 33
Anonymous
Not applicable

Re: Wellsfargo Pending.....WHY???? ๐Ÿ˜Œ๐Ÿคท๐Ÿพโ€โ™‚๏ธ ๐Ÿค”

Which Wells Fargo card did you apply for? The propel?

Manual reviews arenโ€™t always a bad thing... could just be verification... good luck though!

Oh btw, even if you canโ€™t get a PFD with the collection at least get it paid off. ๐Ÿ‘
Message 4 of 33
jazzyvar84
Regular Contributor

Re: Wellsfargo Pending.....WHY???? ๐Ÿ˜Œ๐Ÿคท๐Ÿพโ€โ™‚๏ธ ๐Ÿค”

Last thing. What kind of verification???? Iโ€™m lost.
Message 5 of 33
Gmood1
Super Contributor

Re: Wellsfargo Pending.....WHY???? ๐Ÿ˜Œ๐Ÿคท๐Ÿพโ€โ™‚๏ธ ๐Ÿค”

Normally it's to verify your identity. They'll call if that's all you need for approval.
If more is needed, they'll mail the request to you.
Message 6 of 33
Jnbmom
Community Leader
Super Contributor

Re: Wellsfargo Pending.....WHY???? ๐Ÿ˜Œ๐Ÿคท๐Ÿพโ€โ™‚๏ธ ๐Ÿค”

In your previous Loweโ€™s thread you said you were trying for a home mortgage soon correct?

Not sure why you are applying for another card?

EXP 780 EQ 791TU 795
Message 7 of 33
jazzyvar84
Regular Contributor

Re: Wellsfargo Pending.....WHY???? ๐Ÿ˜Œ๐Ÿคท๐Ÿพโ€โ™‚๏ธ ๐Ÿค”

Because Iโ€™ll be waiting 12 months after this, sooooo Iโ€™ve decided to do an app spree, and it is HEAVEN!!!! Lol
Message 8 of 33
jazzyvar84
Regular Contributor

Re: Wellsfargo Pending.....WHY???? ๐Ÿ˜Œ๐Ÿคท๐Ÿพโ€โ™‚๏ธ ๐Ÿค”

Also, I did a major balance transfer from a card that I was an authorized user on, so when the transfer hits my report, Iโ€™m praying that all the new approvals are enough to keep my utilization close to 17%!!!! If that makes sense to you.
Message 9 of 33
Jnbmom
Community Leader
Super Contributor

Re: Wellsfargo Pending.....WHY???? ๐Ÿ˜Œ๐Ÿคท๐Ÿพโ€โ™‚๏ธ ๐Ÿค”

Yes lower utilization will help your scores, but I hope you realize adding new accounts will lower your average age of accounts that can lower your scores.
EXP 780 EQ 791TU 795
Message 10 of 33
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