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  Wells Fargo Personal Line of Credit

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Wells Fargo Personal Line of Credit
in Personal Lines of Credit from Wells Fargo Bank

Not Currently Available

Wells Fargo Personal Line of Credit

in Personal Lines of Credit from Wells Fargo Bank
SuperMoney Net Recommendation Score 0  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating Mostly recommended
Loan Amount $3,000 - $100,000
APR  (Variable APR) 9.5% - 21%
Number of Reviews 7

Wells Fargo Personal Line of Credit Review

Wells Fargo Personal Line of Credit is no longer available to new customers on SuperMoney.

Click here to compare Personal Lines of Credit and quickly find the best options for your needs.

Wells Fargo Personal Line of Credit is offered through Wells Fargo Bank, a bank founded in 1852 and based in San Francisco, CA. Wells Fargo Personal Line of Credit are available in 50 states (and Washington, DC).

Wells Fargo personal line of credit FAQ

What APRs does Wells Fargo Personal Line of Credit offer?

Wells Fargo Personal Line of Credit offers a variable APR product that ranges from 9.5% APR up to 21% APR.

Does Wells Fargo personal line of credit charge an origination fee?

No, they do 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 the Wells Fargo personal line of credit charge a cash advance fee?

No, they do not 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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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 the Wells Fargo Personal Line of Credit charge a statement balance fee?

No, this lender does not charge a statement balance fee.

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

Yes, they may charge borrowers a late payment fee.

How much can you borrow via Wells Fargo personal line of credit?

Upon approval and based on your credit score and credit history, your personal line of credit will be assigned a credit limit of at least $3,000 and as much as $100,000. .

Wells Fargo Personal Line of Credit Fees
Cash Advance Fee N/A
Origination Fee No
Prepayment Fee? No
Late Payment Fee No
Statement Balance Fee No

What do you need to qualify for Wells Fargo Personal Line of Credit?

Wells Fargo Personal Line of Credit does not require or does not disclose a credit score minimum.

Wells Fargo Personal Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. Wells Fargo Personal Line of Credit only considers borrowers who are employed. Note that borrowers can add a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Wells Fargo Personal Line of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Wells Fargo Personal Line of Credit.

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

  • Recent pay stubs
  • Proof of income
  • Proof of identity
  • Proof of residence

What is the estimated funding time for a personal line of credit?

Wells Fargo personal line of credit will typically approve (or deny) a line of credit application within 24 hour s and fund personal lines of credit within 3 business day s of approval.

Does Wells Fargo Personal Line of Credit report your account activity to credit bureaus?

Yes, Wells Fargo Personal Line of Credit reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Is Wells Fargo Bank a legit company?

Wells Fargo Bank was founded in 1852, it is a well-established company that has been in business for 171 years. Wells Fargo Personal Line of Credit are mostly recommended by SuperMoney community users.

How to apply for Wells Fargo personal line of credit

  • Visit the website.
  • Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
  • Check the information is accurate and submit your application.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Wells Fargo personal line of credit

The famous image of the stagecoach and the reputation of the name saw Wells Fargo well through the mighty events and fantastic growth of the 20th Century. In prosperity, depression and war, even greater post-war prosperity, social changes and ever faster communications technologies, Wells Fargo’s attention to customers’ business has seen it through these great events and brought success.Today in the 21st Century, with extensive and diversified financial services, the Wells Fargo name once again extends “Ocean-to-Ocean,” “Over-the-Seas,” and, of course, online.

If your Personal Loan is approved and you have accepted the loan terms, you will have quick access to your funds, often by the next business day.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Wells Fargo Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • 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
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Annual Fee $25
No Origination Fee
No Prepayment Fee
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Co-borrower
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Proof of Residence
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 3 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
APR (Variable APR) 9.5% - 21%
APR Type Variable APR
Loan Amount $3,000 - $100,000

Wells Fargo Personal Line of Credit Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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