Reg B Notice - Reg B Notice

Wells Fargo Bank, N.A.
Personal Loan Originations

2800 S. Price Rd, Bld D, 3rd Floor
MAC S3931-032
Chandler, AZ 85286
Michelle Flores
106 Cates St
Shelbyville, TN 37160
December 10, 2024
Information regarding your rate check inquiry

Rate Check ID: 2024345R002251
Dear Michelle Flores:
Thank you for requesting personalized rates and payments for a Wells Fargo Personal Loan. We are not able to
provide you rate and payment estimates at this time.
What you need to know

Please be assured that your inquiry did not impact your credit score. You may submit another rate check inquiry
after 30 days of the date of this letter.
About your rate check inquiry

We were unable to provide rate and payment estimates for these reasons related to your credit history or other
factors:
· Legal or other action taken against you or your accounts (For example, collection, tax lien, or
charge off)
· Not enough credit history (We look for a history that shows how you've managed credit over
time)
· Total amount owed is too high on credit cards, retail cards, or credit lines (We look at the amount
of debt you have)
· Not enough income or assets at Wells Fargo (If there's not enough qualifying income for the
requested amount, we look at your Wells Fargo accounts as an additional factor)
We're here to help

Building a strong credit history is important to help you achieve your financial goals.
· For online tools and tips to help build or improve your credit over time, visit us online at
wellsfargo.com/financial-education.
· To learn about other credit options that may be available to you, please speak to a banker in one
of our branches or visit us online at wellsfargo.com.
Notice : See following pages for important information
Page 1 of 3
About our decision and your consumer report
Our decision to not provide rate and payment estimates was based in whole or in part on information in a
consumer report (often called a credit report) from the consumer reporting agency below. This agency was not
involved in our decision and cannot provide specific reasons why we are not able to provide rate and payment
estimates at this time.
However, we want to make sure you’re aware of your right under the Fair Credit Reporting Act to know the
information in your credit file, and to receive a free copy of your consumer report from the agency if you request
it within 60 days after you receive this notice. If you find that any information in the report is inaccurate or
incomplete, you have the right to dispute it with the reporting agency. To obtain a free copy of your report, please
contact:
Experian
P.O. Box 2002
Allen, TX 75013
1-888-397-3742
www.experian.com/report
Other sources used in evaluating your request

We may have made our decision based in whole or in part on information from a Wells Fargo affiliate or a third
party other than a consumer reporting agency. Examples of third party information may include reports and
resources to value collateral, review collateral history, and verify your income and identity. Under the Fair Credit
Reporting Act, you have the right to learn the nature of this information by making a written request within 60
days after you receive this notice. Please write to us at:
Wells Fargo Bank N.A.

Personal Loan Originations
2800 S. Price Rd, Bld D, 3rd Floor
MAC S3931-032
Chandler, AZ 85286
Page 2 of 3
Credit Scoring Notice
We obtained your credit score from the consumer reporting agency and used it to make our decision. Your
credit score is a number that reflects the information in your consumer report. Your credit score can change,
depending on how the information in your consumer report changes.
Understanding your credit score

Below you will find information about your credit score, which was used in our decision. If you have questions
about the information below, please contact the source below directly.
Your credit score is: 573 (Scores range from 300 to 850)
Source: Experian Date Created: December 10, 2024
P.O. Box 2002
Allen, TX 75013
1-888-397-3742
www.experian.com/report
Key factors that negatively affected your credit score:

· Serious delinquency and public record or collection filed
· Proportion of loan balances to loan amounts is too high
· Lack of recent revolving account information
· Lack of recent bank revolving information
Thank you.
Personal Loan Originations Team
NOTICE: The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit
applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant
has the capacity to enter into a binding contract); because all or part of the applicant's income derives from
any public assistance program; or because the applicant has in good faith exercised any right under the
Consumer Credit Protection Act.
The federal agency that administers compliance with this law concerning this creditor is:
Consumer Financial Protection Bureau
1700 G Street NW
Washington, DC 20552
Page 3 of 3

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Wells Fargo Bank, N.A.

Personal Loan Originations

December 10, 2024

Information regarding your rate check inquiry

Dear Michelle Flores:

What you need to know

About your rate check inquiry

We're here to help

Notice : See following pages for important information

Other sources used in evaluating your request

Wells Fargo Bank N.A.

Understanding your credit score

Key factors that negatively affected your credit score:

Personal Loan Originations Team

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