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  Wells Fargo Personal Line of Credit

Wells Fargo Personal Line of Credit

in Personal Lines of Credit from Wells Fargo Bank

Unaffiliated

Wells Fargo Personal Line of Credit

Unaffiliated

in Personal Lines of Credit from Wells Fargo Bank

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Highlights
Highlights
Community Rating Mostly recommended
Loan Amount $3,000 - $100,000
APR (Variable APR) 9.5% - 21%

Overview

Where is Wells Fargo Personal Line of Credit available?

Wells Fargo Personal Line of Credit is a personal line of credit offered by Wells Fargo Bank, a bank based in San Francisco, CA that was founded in 1852. Wells Fargo Personal Line of Credit is offered in 50 states (and Washington, DC).

What are the APRs offered via Wells Fargo Personal Line of Credit?

Wells Fargo Personal Line of Credit offers a variable APR personal line of credit product

Does Wells Fargo Personal Line of Credit charge an origination fee?

No, Wells Fargo Personal Line of Credit does not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees. 

Does Wells Fargo Personal Line of Credit charge a cash advance fee?

No, Wells Fargo Personal Line of Credit doesn't charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn.

Does Wells Fargo Personal Line of Credit charge a late fee?

Yes, Wells Fargo Personal Line of Credit may charge borrowers a late payment fee.

Does Wells Fargo Personal Line of Credit charge prepayment fees?

No, Wells Fargo Personal Line of Credit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.

How much can you borrow via Wells Fargo Personal Line of Credit?

Upon approval and based on your credit worthiness, your Wells Fargo Personal Line of Credit personal line of credit will be assigned a credit line of at least $3,000 and as much as $100,000.

What do you need to qualify for a line of credit with Wells Fargo Personal Line of Credit?

Wells Fargo Personal Line of Credit doesn’t disclose its credit score minimum.

Wells Fargo Personal Line of Credit only considers borrowers who are employed, or have a regular source of income or benefits.

Active duty servicemembers and their covered dependents can apply for a line of credit via Wells Fargo Personal Line of Credit. Their rates fall within the limits of The Military Lending Act.

To qualify, applicants may need to provide the following documentation:

  • Proof of identity
  • Recent pay stubs
  • Proof of income
  • What is the estimated funding time for a personal line of credit via Wells Fargo Personal Line of Credit?

    Wells Fargo Personal Line of Credit will typically approve (or deny) a line of credit application within 24 hours and fund personal lines of credit within 3 business days of approval.

    Does Wells Fargo Personal Line of Credit report loan payments to credit bureaus?

    Wells Fargo Personal Line of Credit may report credit data to the following credit reporting agencies:

    • Equifax
    • Experian
    • Transunion
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    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    Annual Fee $25
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Supported Income Types
    • 1099 Misc. Income
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Joint Loan Applications Accepted
    • Co-borrower
    Verification Documents Required
    • Proof of Identity
    • Proof of Income
    • Proof of Residence
    • Recent Pay Stubs
    Loan Amount $3K - $100K
    APR (Variable APR) 9.5% - 21%

    Reviews

     
     

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