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WellsFargo Off-Cycle Reporting?

OmarGB9
Community Leader
Super Contributor

WellsFargo Off-Cycle Reporting?

Does anyone know if I have a WF CO and I pay it off/settle, will they report the zero balance quickly (as in, by the end of the month, perhaps)?

 

I ask because I'm preparing my CRs to apply for an NFCU unsecured card, and paying off that COd WF card (~$2.2k) would be a huge help. Normally they update around the 21st though, which is a wholenother month, so Im wondering if anyone knows whether WF, like Chase, updates mid-cycle if paid to zero? Or if the fact that it's COd affect the ability to do that?

 

As always, thank you in advance!


Last App: 04/05/2021
Penfed Signature Loan

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


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2 REPLIES 2
OmarGB9
Community Leader
Super Contributor

Re: WellsFargo Off-Cycle Reporting?

No one has any experience with them? Smiley Frustrated

 

For what it's worth, I went ahead and settled with them today. Balance was $2223, settled for 60%, so $1333.8. They said they will send a letter out for the settlement arrangement, and it should update on my CR within 30 days.


Last App: 04/05/2021
Penfed Signature Loan

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 2 of 3
Trudy
Valued Contributor

Re: WellsFargo Off-Cycle Reporting?

I've never had a zero balance report off cycle with WF but I've never requested either. Not sure if they did report based on request that the same would apply to COs.  Good luck 👍 

FICO - 8: 05/07/21 AU 8 BC 8
FICO - 9: 05/07/21 AU 9 BC 9
F5,F4,F2 05/07/21 AU... BC...
Vantage 05/07/21
As of 05/01/21:
AoOA - 25Y2M | AoYA – 0Y6M | AAoA – 12Y0M
Open: 11 CC: (1 reporting 8.02% : 0.25% AGG UTL) | 1 PLOC | 1 MTG loan: 58.15% UTL
Closed: 1 MTG loan | 2 Auto loans | (EQ) 2 CC, (EX & TU) 1 CC
INQ: (EQ) 0/24 | (TU) 2/24 | (EX) 1/24
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