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WFDS: What Is It And How To Remove From My Credit Report

Written by Mike Pearson
Updated August 9, 2022

If you have recently checked your credit report and noticed a mark from WFDS, you might be wondering what this is for.

Keeping on top of your finances and credit report will help minimize the risk of identity theft.

This article will take you through everything you need to know about WFDS and how to remove it from your credit report.

About WFDS

WFDS, or Wells Fargo Dealer Services, is a part of one of the largest financial institutions in the US, Wells Fargo. WFDS is an auto financing division that provides loans for people buying vehicles.

WFDS appearing on your credit report is a sign that you have recently applied for auto finance or you have been the victim of identity theft.

The Reasons WFDS Appears on Credit Reports

There are several reasons why WFDS might appear on your credit report. Some appearances will be completely harmless and won’t affect your credit score, some will be legitimate but could affect your credit score, and some could be a result of identity theft and should be dealt with immediately.

You have existing or paid off auto loans with WFDS

Current customers of WFDS will see them on their credit reports for the duration of a loan and beyond. Your WFDS monthly loan payments will be reported to the major credit bureaus, so it is vital that you keep up with your payments and don’t fall behind.

After paying off the loan, it will still show on your credit report for seven years if there are late payments or other negative marks, or up to ten if the account was left in good standing.

Wells Fargo Dealer Services have conducted a credit check

The most common reason that you will see WFDS on your credit report is when you apply for a car loan, and they run a credit check to see if you are eligible. There are two different types of credit checks;

Hard Inquiry

WFDS will carry out a hard inquiry if you apply for a loan or credit card. When you apply for a car finance loan with Wells Fargo Dealer Services, they will check your eligibility with a hard inquiry that will show up on your credit report.

Hard inquiries will lower your credit score, typically by five to ten points.

The impact on your credit score will be minimal and won’t usually last for longer than a year. The inquiry drops off a credit report entirely after two years.

Soft Inquiry

A soft inquiry will typically show if someone checks on your credit without fully applying for a loan. This can happen if WFDS prequalifies you for a car loan. A soft inquiry will not affect your credit score.

You are a cosigner on a loan

If you cosign an auto loan with a friend, child, or spouse, WFDS can appear on your credit report. Cosigning a loan agreement can transfer responsibility to you if the primary borrower is unable to or stops making payments.

Cosigning a loan agreement can negatively affect your credit score if the primary borrower falls into arrears. If they continue to make regular payments and clear the balance, it will reflect favorably on your credit score.

You have fallen victim to identity theft

If you check your credit report and see WFDS on it but have not applied for car finance, you might be a victim of identity theft.

If you suspect someone is using your information to take out lines of credit, it is essential you act immediately by following these steps.

Contact WFDS

You should contact Wells Fargo Dealer Services immediately and inform them that you have not applied for credit and request information about the loan application.

Use the following details to contact WFDS;

  • Wells Fargo Phone Number – (800) 289 8004
  • Wells Fargo Website –
  • Wells Fargo Address – PO Box 71092, Charlotte, NC 28272

Contact the FTC

You will also have to report identity theft to the Federal Trade Commission. This can be done at, where you will be able to answer a few simple questions to generate a recovery plan and identity theft report.

Contact One of the Three Major Credit Bureaus

Contact either Experian, Equifax, or TransUnion to let them know about the fraudulent activity. You only need to speak with one as they work with each other with fraud cases.

Following these steps will help you to resolve the issue. You can also get a credit lock or freeze the credit to safeguard you against further attacks. Checking your credit report regularly will help you identify any further attempts.

Are All Auto Loans Conducted by WFDS?

No, not all auto loans will be through WFDS, only those affiliated with Wells Fargo. If you have an auto loan, there is a good chance that the loan agreement is with another financial institution.

Should I Take WFDS Seriously?

WFDS is a legitimate company that offers finance on motor vehicles at affiliated businesses. Any contact should be taken seriously, and an attempt to resolve any issues must be made.

If you haven’t applied for auto finance and there is no reason that WFDS should legitimately appear on your credit report, we will cover ways to raise this to WFDS and credit bureaus later in the article.

How Does WFDS Affect Credit Scores?

Soft inquiries will show on a credit report but won’t affect the score, and hard inquiries will. Credit scores can be lowered by up to five points on your FICO score and between five and ten on your VantageScore credit score.

This won’t have a massive impact on your credit score, which will typically be between 300 and 850. Multiple hard inquiries will make a more considerable difference as they are cumulative. However, VantageScore and FICO allow a window of between 14 and 45 days for people to shop around, with multiple hard inquiries being treated as one.

Closed accounts will still show on your credit score for years, and a closed account left with debt will negatively impact your credit score. An existing credit account will also impact your credit score, so ensuring you make your regular payments is essential.

Are There Any Regulations in Place to Protect Credit Reports?

Yes, you are reported by the Fair Credit Reporting Act, which works to protect the information gathered by credit reporting agencies to ensure data is only used for the intended purpose.

Removing WFDS from a Credit Report

WFDS credit report removal is possible in certain situations.

Send a credit dispute letter

If you are disputing an item that is listed on your credit report under Wells Fargo Dealer Services, you should send a credit letter of dispute to WFDS and a credit bureau.

Sending copies of the letter to both is recommended, regardless of whether you think the error lies with WFDS or the credit bureau. They will typically work together to investigate the dispute.

Disputes are typically resolved within thirty to forty-five days. After the investigation is complete, the erroneous information on your credit report should be removed.

Use a credit repair company

Credit repair companies can be an excellent way to remove WFDS from your credit report. They provide a service that removes the time and hassle you would have to spend trying to resolve problems.

Speaking with a credit repair professional will give you a better idea of what is involved in the process. If you do not feel confident that you will be able to do this, they can act as a middleman.

Credit repair companies should not ask for payment prior to a resolution. Upfront payments are not permitted by law, so it would be best to speak with another company if they do ask for this.

It is important to understand that you can carry out everything a credit repair company does for you. There is value for money as they are experienced, and you won’t have to take the time to investigate and follow up, so consider whether this is a worthwhile investment.


What is a credit report code?

A credit report code will provide the status of credit. For example, a code ‘0’ shows that payments were made on time, ‘1’ indicates the payment was made one month late, and ‘2’ shows that the payment was not made the following month. These late payment codes run to ‘6’. Status ‘8’ indicates that an account is in default.

Do I need a bank account with Wells Fargo to get an auto loan approved?

No, you do not need a bank account with Wells Fargo, but you will need to have a good credit history with a minimum credit score of around 660 to be approved. This can be achieved by showing you are responsible with credit by making regular monthly payments on time.

Is identity theft common?

Identity theft isn’t particularly common, but it can happen if you are not careful with your information. Online security is essential, and you can follow these tips to minimize the risk.

Ensure your online security is robust – Many of us conduct a lot of our business online, whether that is banking, loan applications, or shopping. Because of this, cybercriminals have become extremely good at getting the information they need for identity theft.

Using strong passwords and an encrypted digital wallet can help to protect you against such scammers.

If you use a laptop or mobile device, locking it with a strong password is advisable.

Keep up to date with your finances – Regularly checking bank statements and your credit report will help you to identify any potential fraud quickly. The quicker you can spot a scam and raise it to the relevant authorities, the quicker you will be able to resolve any issues that come from it.

Using alerts from financial institutions and checking emails will also flag any activity as it happens.

Be aware of phishing scams – Sophisticated phishing scams are a common way for cybercriminals to get your information. Always being wary of contact and checking that it is coming from a legitimate source is essential.

Final Thoughts

Wells Fargo Dealer Services will appear on many credit reports across the US as a significant auto loan facilitator. Having an auto loan or applying for one can see WFDS appear on your credit report and typically would not be anything to worry about.

Keeping a close eye on your credit report can be a great way of identifying identity theft. If you do suspect WFDS has appeared on your credit report fraudulently, reporting it to the relevant credit reporting agencies immediately is essential.

Removing Wells Fargo Dealer Services from your credit report should be relatively straightforward in the case of identity theft, but keeping a record of all the information and contact you have with them is advisable.

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Mike Pearson

Mike is a recognized credit expert and founder of Credit Takeoff. His credit advice has been featured in Investopedia,, Bankrate, Huffpost, The Simple Dollar, Reader's Digest, LendingTree, and Quickbooks. Read more.