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Is the wells fargo active cash cc bankrupt friendly?

SUPERSQUID
Established 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 700/ kohls 1500/ discover 3k /mercury 3350 /ollo 600 /mission lane 1050/ ikea 750/ firestone 2800 /legacy 2000 /first savings bank cc 2000/ cap1 QS 2k/ cap 1 savor one 3100 /comenity rewards mc 1k, Penfed PCR signature visa 7.5k, NFCU >signature visa cash rewards 9700

>/ nfcu platinum 1k, BABY NEEDS NEW SHOES !!!!!
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:  
Credit Age:  
Inquiries (6/12/24 month):  
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Message 2 of 31
FinStar
Moderator

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
Established 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 700/ kohls 1500/ discover 3k /mercury 3350 /ollo 600 /mission lane 1050/ ikea 750/ firestone 2800 /legacy 2000 /first savings bank cc 2000/ cap1 QS 2k/ cap 1 savor one 3100 /comenity rewards mc 1k, Penfed PCR signature visa 7.5k, NFCU >signature visa cash rewards 9700

>/ nfcu platinum 1k, BABY NEEDS NEW SHOES !!!!!
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
Established 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 700/ kohls 1500/ discover 3k /mercury 3350 /ollo 600 /mission lane 1050/ ikea 750/ firestone 2800 /legacy 2000 /first savings bank cc 2000/ cap1 QS 2k/ cap 1 savor one 3100 /comenity rewards mc 1k, Penfed PCR signature visa 7.5k, NFCU >signature visa cash rewards 9700

>/ nfcu platinum 1k, BABY NEEDS NEW SHOES !!!!!
Message 6 of 31
Hex
Established 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
Established 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 700/ kohls 1500/ discover 3k /mercury 3350 /ollo 600 /mission lane 1050/ ikea 750/ firestone 2800 /legacy 2000 /first savings bank cc 2000/ cap1 QS 2k/ cap 1 savor one 3100 /comenity rewards mc 1k, Penfed PCR signature visa 7.5k, NFCU >signature visa cash rewards 9700

>/ nfcu platinum 1k, BABY NEEDS NEW SHOES !!!!!
Message 8 of 31
NoMoreE46
Valued 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 (May 21, 2022)
F8 EX 760 EQ 763, TU 755, F8 BC EX 777, EQ BC 770, F9 TU 764, F2 Mrtg 777
TCL: $93,600, reporting available: $82,800/$83,600
utilization: 1%, no loans, AZEO ($800/$5000)
pre-tax income 4.1K/m, housing $719.00/m, debt service $35/m, DTI 1 pct
AoOA 4Y 0M, AAoA 2Y 3M, AoYA 7M
new accounts 5/24, 2/12, 0/6, 0/3, INQs 12 months EX 1, EQ 0, TU 1

Personal Cards (13)
Bank of America CCR 16K, American Express BCE 1K/CM 15K, Synchrony PPMC 10K / Amazon 5K, GS Apple Card (MC) 4K
Citibank DoubleCash 10K, Discover IT 5K/BT 3K, Regions Cash Rewards Vsig 7K, Wells Fargo AC 6K, CapOne QS 3K/QS $500.00

Business Cards (1)
American Express BBC 10K

Pre-screened offers
Chase Amazon Visa, PNC Core, PNC Cashback, Amex (Platinum, Gold, Green, etc)
Capital One Savor One no annual fee, Quicksilver no fee, Walmart MC
BofA 'deals for you' offers: CB Unlimited, Travel, BankAmericard
Truist Cards (5) Citibank Rewards+, Synchrony Walgreens MC $500 limit!
pre-denials
FNBO, Citibank (online)
most desired
Penfed Gold, Chase Amazon Visa, Aspiration Zero, WF Reflect, Amex Green
BofA BankAmericard, Citibank Premier
Gardening since Nov 10/2021, till June 10/2022 (I'll be 4/24)
Message 10 of 31
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