A low credit score does not mean you cannot apply for a mortgage, checking account or rewards credit card. Wells Fargo looks at your credit history and how you pay your bills. They are especially concerned about accounts that have not been paid in two years.
Accepts credit scores down to 600
Wells Fargo will still approve you if you don't have a good credit score but are looking for a credit card. Wells Fargo can provide credit to individuals with low credit scores and other credit types, unlike online lenders. It has requirements that are lower then those of most online lenders. They also accept credit scores down to 600.
What makes a good mortgage lender?
One of the largest banks in America is Wells Fargo. 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 is possible to have a decent credit score and still have a Wells Fargo checking account. However, if you have a low score, you may have a hard time obtaining a loan and landing a job. Your ability afford college tuition and other expenses could also be affected if you have a low credit score. Here are some things you can do if you are concerned about your credit score.
Is a rewards credit card
Wells Fargo credit Cards can be a great place to begin building credit. This card is not for everyone. However, you need to have a high credit score in order to be approved. This card will allow you to save interest on large purchases by offering up to 2% cashback. This card is also a great way to reduce your debt.
Is a debit card
Your credit score will be an important consideration when deciding if you are eligible to apply for a Wells Fargo bank credit card. The company will review your payment history, how much you owe and whether there have been any hard inquiries over the last two year. Wells Fargo is particularly wary about individuals with charge-off accounts.
Is there a Wells Fargo checking account?
Wells Fargo offers several types checking accounts. Premier Checking requires a $25 minimum in order to open. This account requires a minimum $25 deposit. However, it waives ATM fees and offers discounts at auto loan interest rate. You can also use ATMs from outside the bank's network.