Sample Credit Report
Eligible Wells Fargo customers can easily access their FICO® Credit Score through Wells Fargo Online® Internet Banking, plus tool tips and more. Don’t worry, requesting your score this way won’t affect your score.
Lenders must determine if you can comfortably make your payments. Your income and employment history are good indicators of your ability to repay outstanding debt. The amount, stability and type of income may be considered. The ratio of your current debt and any new debt compared to your pre-tax income, known as the debt-to-income ratio (DTI), can be evaluated. Learn more about DTI and use our online calculator to see where you stand and get answers to common questions.
While your household income is expected to be the primary source of repayment, equity represents savings, investments and other assets that can help repay the loan. This could be helpful if you lose your job or have other difficulties.
How to check my credit in Spanish
If you apply for some of these things, the business wants to know if you pay your bills. The business also wants to know if you owe money to someone else. The business uses the information in your credit report to decide whether to give you a loan, a credit card, a job or insurance.
Some people have good credit. Some people have bad credit. Some people have no credit history. Businesses can see this on your credit report. Based on your credit history, different things can happen:
Your credit history is important. It tells businesses how you pay your bills. Then, these businesses decide if they want to give you a credit card, a job, an apartment, a loan, or insurance.
How to check my credit for free online
Your credit report is an important part of your financial life that can determine your chances of getting credit, how good or bad the terms will be, and how much it will cost you to borrow money. Learn how to get your free credit report and why it’s a good idea.
Identity theft can hurt your credit with the accumulation of unpaid bills and delinquent accounts. If you think someone may be misusing your personal information, visit RobodeIdentity.gov to report it and get a personalized action plan.
Yes, your free annual credit report is available in Braille, and in large print or audio format. To receive your credit reports in these formats, you will have to wait three weeks. If you are deaf or hard of hearing, call TDD at 7-1-1 and ask the operator to connect you to 1-800-821-7232 at AnnualCreditReport.com. If you are visually impaired, you can request your free annual credit reports in Braille, large print or audio format.
How do I know if I qualify for a credit card?
Usually, the administrator must credit a payment to your account the same day it is received. That way, you won’t be charged extra fees and the payment is recorded on time and the lender can see that you’re not late. Late payments show up on your credit report and can affect your chances of getting credit in the future. Accumulation of late payments can be cause for delinquency and foreclosure.
Your coupon book or statement will contain the contact information for your loan servicer. That way, you can contact them for more information about your account, an explanation of a charge, or to confirm that your payments are being credited correctly and on time.
If you receive a notice that your servicer has changed, call your current servicer to confirm the new servicer’s contact information before you send your next payment. This will ensure that you are sending your payment to the correct administrator, avoid delays in processing your payment, and may prevent a scam.