What Is WF CRD SVC On My Credit Report? 

We all go through the term Loan or Credit once in our lifetime. The loan can help someone in establishing a business, buying a house, and many other things. Also, we all are very conscious of our Credit score. As it can affect the process of a loan both positively and negatively.

If you are planning for a Credit/Loan or you have already applied for it in WF company you may find the WF CRD SVC statement on your credit report.

Then you must want to know what this statement signifies and if you haven’t applied for any loan then why it’s on your credit report and how can it affect your credit history.

Wf Crd Svc On Credit Report Meaning

First of all, WR CRD SVC stands for Well Forgo Credit Service and appears on your credit report when you apply for a loan in WF company.

It is a hard inquiry. In hard inquiry, the Creditor or Loan provider can ask to look at your credit history to know if you undergo any risk as a borrower. 

Also, read What does V5 INC RET PS Mean?

Consequences Of Wf Crd Svc On Credit Report

WR CRD SVC can affect your credit score very badly but if you have applied for the loan then you don’t have to worry about it as it will go away naturally.

But if you haven’t applied for any loan and you still find WF CRD SVC on your credit report then it’s a matter of concern and you need to immediately look into it as it can be a fraud or identity theft and can affect your credit score.

How to Remove WF CRD SVC? 

1. To remove this inquiry from your credit report you should immediately contact Well fargo Credit Service and ask them about the reason why you see this inquiry as it can be a mistake or a matter of fraud or identity theft. 

2. You can see the name of the creditor under the hard inquiry on your credit report which will make it easier to identify the fraudster and solve the issue.

3. You can also keep a record of all your credits and for that take a credit service provider through which you will know about all your credit entries and if someone tries to apply for credit in your name you will know about it.