Improving Your Credit Score | Wells Fargo

Applying for credit may impact your score. If you’re a Wells Fargo Online ® customer, checking your own score through your online banking account is free and won’t hurt your credit.

A higher score (especially above 760) may give you more options — and better rates — if you ever need a car loan, mortgage, or home equity line of credit. Even if you don’t have immediate plans to apply for financing, good credit may help you in other ways, like lower insurance premiums, renting an apartment and certain employers even run credit checks on job applicants prior to hiring them. Focusing on developing good long-term credit habits is an investment in yourself. Here are some specific actions you can take that may help to improve your score over time.

Improving your credit score takes perseverance, but it may pay off.

Wells Fargo credit score standards

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

You may have difficulty obtaining unsecured credit.

No credit score

You may not have built up enough credit to calculate a score, or your credit has been inactive for some time.

You must be the primary account holder of an eligible Wells Fargo consumer account with a FICO® Score available and enrolled in Wells Fargo Online®. Eligible Wells Fargo consumer accounts include deposit, loan, and credit accounts, but other consumer accounts may also be eligible. Contact Wells Fargo for details. Availability may be affected by your mobile carrier's coverage area. Your mobile carrier’s message and data rates may apply.

Please note that the score provided under this service is for educational purposes and may not be the score used by Wells Fargo to make credit decisions. Wells Fargo looks at many factors to determine your credit options; therefore, a specific FICO® Score or Wells Fargo credit rating does not guarantee a specific loan rate, approval of a loan, or an upgrade on a credit card.

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.