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

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Regular Contributor

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

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???
32 REPLIES 32
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Community Leader
Senior Contributor

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

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 758 TU 783 EQ 729
Message 2 of 33
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Regular Contributor

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

The collection has been there a little over a year.
Message 3 of 33
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Valued Contributor

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

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. 👍
April 2020
Experian Fico 8. 703
Transunion Fico 8. 711
Equifax Fico 8. 717

Capital one QS. $700
.
Capital one QS1. $2250
Discover IT Cashback. $12,000
PNC cash rewards signature Visa. $17,500
Chase SW rapid rewards signature visa $6900
Amex Green Card NPSL POT $11,000

All cards opened between Oct 2018. - March 2020

Message 4 of 33
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Regular Contributor

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

Last thing. What kind of verification???? I’m lost.
Message 5 of 33
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Community Leader
Super Contributor

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

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.


My most prized tradeline.
Message 6 of 33
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Community Leader
Senior Contributor

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

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?

EXP 758 TU 783 EQ 729
Message 7 of 33
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Regular Contributor

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

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

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

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.
Message 9 of 33
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Community Leader
Senior Contributor

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

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 758 TU 783 EQ 729
Message 10 of 33
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