Hello fellow lurkers, I've searched but haven't found any posts that confirm if anyone has success wi Wells Fargo recons. I'm a current PMA account holder with many accounts and took the plunge by applying online last night. I got the 7-10 day decision email but when I called the application status number, it said that my app was declined. I kicked myself for clicking submit!
First thing this morning, I called and spoke to a representative to ask for a recon and she reviewed a couple of things. after a few minutes, she offered to re-route my application to someone else and that I would find out the decision within 3 business days.
I was hopeful that WF considers banking relationships but maybe this was false hope (I mean, they are a big bank!). I'm ready to pull all my accounts over to my new CU account if they flat out decline me without edification and or a counter-offer.
Did anyone go through this and if so, what was your outcome
Good luck to you!! The fact that the CSR moved the app along for futher review means she's confident of an approval.
I would think they consider banking relationships, but its been proven in the past here that even having a boatload of $$$ in the bank doesn't mean CC approval. Its very much YMMV.
there've been people who recon'ed successfully. try calling and requesting to talk to an underwriter directly.
they do seem to care about banking relationship. when I asked for a CLI sometime last year I jokingly said they should give me a big CLI for having a checking and savings account with them for the past 8 years. The supervisor/manager was able to tell me what my average daily balance has been for my checking and savings after putting me on hold for a while. I was surprised because I didn't see that coming since most banks separate both divisions.