The transfers and subsequent payments posted instantly and were available immediately. I tested it out by quickly transferring funds back and forth from my line of credit to my checking account. Step #4: Accessing the Line of CreditĪ couple of days later the line of credit did appear in my account online. The email also made it clear that if I needed to access the line of credit immediately, I could contact a Wells Fargo banker. Immediately after completing the process online I received a final email letting me know that my line of credit was now open and that it would be available to view online in one to five days. Interestingly, this is 20 to 25 points higher than the scores reported in my Credit Karma account from Transunion and Equifax, respectively. I was prompted to review the terms and conditions again, as seen above.įrom here, Wells Fargo actually showed me my credit score, and I was prompted to read and agree to the disclosures, terms, and conditions.įor reference, Wells Fargo pulled my credit using Experian FICO Score 9, returning a 795. Step #3: Completing The ProcessĪs the last step, I once again signed into my Wells Fargo LoanTracker account with my online username and password.
I decide to accept the modified terms online, and shortly after I received another email from Wells Fargo letting me know that my application was conditionally approved. because of this, my debt-to-income ratio likely didn’t meet the qualifications for me to get access to a $30,000 line of credit. While I have an excellent credit score, I am currently working to repay a meaningful amount of student loan debt.
Wells Fargo approved me for a 13% interest rate on a $10,000 line of credit-$20,000 less than I originally applied for.
#Wells fargo online loan password
The next day I received another email from Wells Fargo letting me know that my “Application Approved with Modified Terms.” I was then prompted to log in to Wells Fargo’s LoanTracker program with my Wells Fargo username and password to view the modified terms. Immediately after applying, I received an email from Wells Fargo, which stated that they had received my application. Step #2: LoanTracker and Offer Acceptance If you have questions along the way you can call Wells Fargo directly at 1-88 from 7:00 AM to 11:00 PM Monday through Friday, and 7:00 AM to 9:00 PM on Saturday and Sunday. I requested a $30,000 line of credit.įrom here, you will need to accept the termsĪnd conditions and review the relevant disclosures. As you will see on the Wells Fargo website, you can apply for between $3,000 and $100,000. In addition to performing a credit pull from Experian, Wells Fargo uses your application information to determine your eligibility and borrowing amount.Īs you proceed through the application process you will be asked how much cash you would like access to through your line of credit. Next, you will need to provide a few pieces of However, if you are not a current customer you won’t be able to apply online. Current Wells Fargo banking customers can pre-fill their application.īy clicking Yes, you will be prompted to sign-in to your account. Next, click Apply Now and you will be redirected to the online application in the same window. To get started, go to and choose Personal Lines of Credit from the Personal dropdown-or simply click here. I was approved the day after applying, and from start-to-finish, the entire process took just a few days.
Hopefully, I won’t end up using it, but it is comforting to know the cash is there if I need it.įor current Wells Fargo customers, the application process is pretty straightforward and can be completed online. Personally, I opened up my line of credit to supplement my emergency fund. You can use a personal line of credit for anything from debt consolidation to home improvement to paying off credit card debt. I’d been thinking about opening a line of credit for about a year, and since I’ve been a Wells Fargo customer since 2006, I decided the bank would be a good place to start my search. Recently, I decided to apply for a Wells Fargo Personal Line of Credit. This article was written by a former LendEDU employee.