Wellsfargo Pending.....WHY???? 😌🤷🏾‍♂️ 🤔

[jazzyvar84]

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 I’m working on it. What is the pending about???? Please help! Will I get the card???

[Jnbmom]

Pending could mean they are doing a manual review, but honestly if you had a recent collection pop up it could be a denial.

[jazzyvar84]

The collection has been there a little over a year.

[Anonymous]

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

Manual reviews aren’t always a bad thing... could just be verification... good luck though!

Oh btw, even if you can’t get a PFD with the collection at least get it paid off. 👍

[jazzyvar84]

Last thing. What kind of verification???? I’m lost.

[Gmood1]

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.

[Jnbmom]

In your previous Lowe’s thread you said you were trying for a home mortgage soon correct?

Not sure why you are applying for another card?

[jazzyvar84]

Because I’ll be waiting 12 months after this, sooooo I’ve decided to do an app spree, and it is HEAVEN!!!! Lol

[jazzyvar84]

Also, I did a major balance transfer from a card that I was an authorized user on, so when the transfer hits my report, I’m praying that all the new approvals are enough to keep my utilization close to 17%!!!! If that makes sense to you.

[Jnbmom]

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.