About the Share Your Goals social media sweepstakesBecause knowing what you want to achieve financially is an important part of good money and credit management, Wells Fargo is also launching Share Your Goals, a social media sweepstakes. From March 1 – April 15, 2013, participants visit shareyourgoals.wellsfargobank.com and use the #ShareYourGoals hashtag to share their financial aspiration. During each week of the sweepstakes, Wells Fargo will randomly award a $500 Wells Fargo Visa® gift card to two winners. At the end of the campaign, Wells Fargo will randomly select a $10,000 grand prize winner, for a total of 13 winners and $16,000 in cash and gift card prizes. No purchase is required to enter. In addition to this campaign, Wells Fargo offers free tools designed to help customers understand how credit works and how to use it responsibly. For example, the Smarter Credit™ Center is an online resource designed to help consumers identify ways to reduce debt and also establish, improve, obtain, and protect their credit – an important focus because lenders aren’t the only ones who use credit scores to make decisions. Many cell phone companies, utility companies and landlords do, too. Other common credit myths: Myth : It is always better to pay cash for things than finance them with credit. Fact : An established credit history is necessary for many types of financing, including buying furniture, a computer, a car, or a new home. Myth : I am building credit using my debit card. Fact : While debit cards offer great convenience, banks don’t report debit card payment activity to the credit bureaus. Myth : Credit is credit – there’s really no difference between different loan types. Fact : Rates, terms, monthly payments, and benefits vary widely on different types of credit. Myth : I can't get credit because I’ve never had credit. Fact : A few ways to start establishing a strong credit history: consider a secured credit card, or one or two department store or gas station cards. Above all, manage your accounts responsibly. Myth : My credit took a hit – it will be nearly impossible to rebuild it. Fact : You can rebuild your credit and you don’t need to put your life on hold to do it. Create predictability around your monthly budget – including credit card and loan payments, build your savings reserves, and consider using alternative types of cards. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet ( wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.