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Is the wells fargo active cash cc bankrupt friendly?

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SUPERSQUID
Valued Contributor

Is the wells fargo active cash cc bankrupt friendly?

Experian keeps matching me with this card as the top choice with their card match.

{ BK7 DC 12/2019 } target 1600/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos in the 680 - 690 range, the 9's slightly higher than the 8's
My vantage scores 708 - 711
TCL - about 110k
Retired since 2017
Message 1 of 31
30 REPLIES 30
CreditAggie
Community Leader
Super Contributor

Re: Is the wells fargo active cash cc bankrupt friendly?


@SUPERSQUID wrote:

Experian keeps matching me with this card as the top choice with their card match.


I am not certain if Wells Fargo is BK friendly or not, but I will note that Experian "matches" are all marketing and are not an indicator of your chances of approval. 

Current Cards (in order of approval):

         
Current FICO 8 | 9 (February 2024):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

Message 2 of 31
FinStar
Moderator Emeritus

Re: Is the wells fargo active cash cc bankrupt friendly?


@SUPERSQUID wrote:

Experian keeps matching me with this card as the top choice with their card match.


Was WF included in any prior BK?

Message 3 of 31
SUPERSQUID
Valued Contributor

Re: Is the wells fargo active cash cc bankrupt friendly?


@FinStar wrote:

@SUPERSQUID wrote:

Experian keeps matching me with this card as the top choice with their card match.


Was WF included in any prior BK?


No, not iibk. I never dealt with wells fargo

{ BK7 DC 12/2019 } target 1600/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos in the 680 - 690 range, the 9's slightly higher than the 8's
My vantage scores 708 - 711
TCL - about 110k
Retired since 2017
Message 4 of 31
Loquat
Moderator Emeritus

Re: Is the wells fargo active cash cc bankrupt friendly?

I mentioned in a previous post recently that I've had success with Wells Fargo with a BK13 on my file. Things could have certainly changed but in the not so distant past, they were BK friendly.
Message 5 of 31
SUPERSQUID
Valued Contributor

Re: Is the wells fargo active cash cc bankrupt friendly?

I read some posts on the  forum that said they are inq and new acct sensitive. but they were old posts. this card didnt exist back then plus this card has a wide range of introductory rates from low to pretty high which kind of tells me they can collar you with one of those high interest ones.

{ BK7 DC 12/2019 } target 1600/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos in the 680 - 690 range, the 9's slightly higher than the 8's
My vantage scores 708 - 711
TCL - about 110k
Retired since 2017
Message 6 of 31
Hex
Valued Contributor

Re: Is the wells fargo active cash cc bankrupt friendly?

I was able to get a Propel card 3 years and 2 months after my chapter 7 was filed. I never burned Wells Fargo. Actually I'd never had any relationship with them. No deposit accounts either. initial limit was $4K and I'm up to $9.5K after several increase requests. 

Message 7 of 31
SUPERSQUID
Valued Contributor

Re: Is the wells fargo active cash cc bankrupt friendly?


@Hex wrote:

I was able to get a Propel card 3 years and 2 months after my chapter 7 was filed. I never burned Wells Fargo. Actually I'd never had any relationship with them. No deposit accounts either. initial limit was $4K and I'm up to $9.5K after several increase requests. 


Thank you, thats very helpful info.

I also never burned wf or had any relationship with them.

its a card to consider for me once i get my inqs down.

{ BK7 DC 12/2019 } target 1600/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos in the 680 - 690 range, the 9's slightly higher than the 8's
My vantage scores 708 - 711
TCL - about 110k
Retired since 2017
Message 8 of 31
NoMoreE46
Community Leader
Senior Contributor

Re: Is the wells fargo active cash cc bankrupt friendly?

I got my Propel  in 2018 and Active Cash a few months ago.  

 

My BK was in 2013 and WF was not IIB.

I started my relationship with WF via a car dealership auto loan in 2017. 

Message 9 of 31
Oops_I_Did_It_Again
Regular Contributor

Re: Is the wells fargo active cash cc bankrupt friendly?


@CreditAggie wrote:


I am not certain if Wells Fargo is BK friendly or not, but I will note that Experian "matches" are all marketing and are not an indicator of your chances of approval. 


Hi @CreditAggie 

Just my 2 cents & not intending to hijack the thread...

 

+1 in the sense that EX is making money from "referral links" which biases recommendations...but... the card matching tool has some subtlety  and might be able to determine if a BK on file would be disqualifying for certain lenders.  I wouldn't write off the OPs taking away something from Experian recommending the WF Active Cash card. 

 

I've used this service for a couple years, and I think the service does a good job of applying the 'rules' that lenders have and consistently presents only those cards where one wouldn't  be shot down immediately by UW rules.

 

I agree completely Experian's matching tool isn't providing pre-screened offers on behalf of the CC lender.  It's just presenting 'cultivated collection' of CC referral links from the small set of banks with which it contracts, i.e., options that are 'somewhere in the ballpark' based on the  user's credit report.

 

Credit Profile (FEB 2024)
F8 EX 767 EQ 770, TU 773, F8 BC EX 784, EQ BC 789, F9 EX 777
TCL: $124,200, reporting available: $120,995
cc utilization: 3%, auto loan: $5,456/$6850
AoOA 5Y 9M, AAoA 3Y 3M, AoYA 7M
new cc accounts 3/24, 2/12, 0/6, 0/3, INQs 12 months EX 2, EQ 1, TU 1

Personal Cards (15)
Chase/Amazon Prime Visa, Freedom Unlimited, Bank of America CCR, American Express BCP+CM, GS Apple Card (MC)
PenFed PC Rewards, Citibank DoubleCash, Discover IT + BT, Regions Cash Rewards, Wells Fargo AC, CapOne QS, Synchrony PPMC +
Closed (1): Synchony Amazon Prime

Business Cards (1)
American Express BBC
Message 10 of 31
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