So, here is the situation:
My Fico 9 score is in the 690s range, Fico 9 BC 700+. I am thinking of applying for the new Wells Fargo Propel card, as it could give me some pretty good value. I have a checking, savings, and credit card account with Wells Fargo, all of which are north of 5 years old. Zero late payments on the credit card. I've heard that makes a difference with WF.
The problem is that i ran into some trouble with paying off my student loans earlier this year, which resulted in a few of the accounts going unpaid for 90 days. That occured in April and I've made on-time payments across the board since then, and so those bad marks are close to 9 months old at this point.
My question is... could those bad marks result in me being declined for the card? I reckon that they would be a bad indicator for sure, but I am wondering how bad the effect would be, and if I'm better off waiting for them to reach the 1-year mark before applying for another card.
For the record, I've got 3 inquiries on my account in the last year, and I'm using Fico 9 since that is apparently what WF uses nowadays. I also currently have 4 credit cards and 2 store cards, all of which were opened more than a year ago.
DO NOT APPLY TO WF with recent 90 day lates. You can thank me later
My question is... could those bad marks result in me being declined for the card?
Not could. They will. Work on cleaning up your report before apping.