If you are thinking about applying for a credit card or a checking account, don't let a low credit score stop you from applying. Wells Fargo looks at your credit history and how you pay your bills. They are especially suspicious of accounts that haven't been paid, or have been charged off, in the past two-years.
Acceptance of credit scores as low 600
Wells Fargo is able to approve anyone who has poor credit but wants a new credit card. Unlike many online lenders, Wells Fargo offers credit to people with a wide variety of credit scores. The requirements are usually lower than online lenders' and they can accept credit scores of as low as 600.
Is a good mortgage lender
Wells Fargo, one of America's largest banks, is a top choice. The mortgage rates they offer vary depending on many factors such as the size of the downpayment, the loan term, and the credit score of the borrower. The Wells Fargo website provides more information about their mortgage rates.
What makes a good check account?
It's possible to have a good credit score while still having a Wells Fargo check account. You may not be able to obtain a loan or get a job if your credit score is low. Your ability pay for college tuition or trips could also be affected depending on your credit score. If you are worried about your credit score, here are a few things you can do.
Is a rewards credit card
Wells Fargo credit Cards can be a great place to begin building credit. While you will have to have a good credit score to get approved for this type of card, it offers several benefits that make it worth checking out. For example, if you're planning on making a large purchase, this card can help you avoid paying interest by giving you up to 2% cash back on purchases. You can use this card to pay off your debt.
Is a debit card
When evaluating whether you qualify for a Wells Fargo credit card, your credit score is an important factor. The company will evaluate your payment history and how much you owe. Wells Fargo is especially wary of people with charged-off accounts.
Is Wells Fargo offering a checking or savings account?
There are a few different types of checking accounts at Wells Fargo. Premier Checking is the first, and requires a $25 minimum initial deposit. There is a $25 monthly charge for this account, but ATM fees are waived and auto loan interest rates are discounted. You can also use ATMs from outside the bank's network.