How to get a wells fargo personal loan?

Your credit history is a record of how you’ve managed your credit over time. It includes credit accounts you’ve opened or closed, as well as your repayment history over the past 7-10 years. This information is provided by your lenders, as well as collection and government agencies, to then be scored and reported.

The difference between your credit score and credit report

A good credit score shows that you’ve responsibly managed your debts and consistently made on-time payments every month.

Your credit score matters because it may impact your interest rate, term, and credit limit. The higher your credit score, the more you may be able to borrow and the lower the interest rate you could receive.

For example, with a good or excellent credit score, you might qualify for a lower interest rate and monthly payment on a loan of $15,000. The example below explains how your credit rating may impact your annual percentage rate (APR) and monthly payment. Rates shown are for illustrative purposes only.

You can request your credit report at no cost once a year from the top 3 credit reporting agencies ― Equifax®, Experian®, and TransUnion® through annualcreditreport.com. When you get your report, review it carefully to make sure your credit history is accurate and free from errors.

It is important to understand that your free annual credit report may not include your credit score, and a reporting agency may charge a fee for your credit score.

Did you know? Eligible Wells Fargo customers can easily access their FICO® Credit Score through Wells Fargo Online® - plus tools tips, and much more. Learn how to access your FICO Score. Don't worry, requesting your score or reports in these ways won't affect your score.

Your credit score reflects how well you've managed your credit. The 3-digit score, sometimes referred to as a FICO® Score, typically ranges from 300-850. Each of the 3 credit reporting agencies use different scoring systems, so the score you receive from each agency may differ. To understand how scores may vary, see how to understand credit scores.

760+, Excellent

You generally qualify for the best rates, depending on debt-to-income (DTI) ratio and collateral value.

700-759, Good

You typically qualify for credit, depending on DTI and collateral value, but may not get the best rates.

621-699, Fair

You may have more difficulty obtaining credit, and will likely pay higher rates for it.

620 & below, Poor