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Valued Contributor
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Registered: ‎01-24-2012
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Bill Me Later changing to Comenity Capital Bank.

I just received a letter that says as of August 29, 2013, WeBank will no longer be the lender for Bill Me Later. It says that Comenity isn't changing APRs or fees, but hopefully this doesn't mean that Comenity will choose to report the account to credit bureaus.

Senior Contributor
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Registered: ‎01-19-2009
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Re: Bill Me Later changing to Comenity Capital Bank.

Oh no I wonder if that does mean they will report soon :smileysad:

New Contributor
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Registered: ‎03-13-2013
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Re: Bill Me Later changing to Comenity Capital Bank.

Oh oh... Might have to pay the balance right before the September statement then. I still have not received the email with that info
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Re: Bill Me Later changing to Comenity Capital Bank.

http://phx.corporate-ir.net/phoenix.zhtml?c=120991&p=irol-newsArticle_Print&ID=1844917&highlight=

 


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Current Scores (5/2015): EQ My Fico: 775; TU MyFico: 788; EX (My Fico): 764
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Registered: ‎07-29-2011
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Re: Bill Me Later changing to Comenity Capital Bank.

Comenity does report all of their other accounts, I don't see how this would be different.  This is probably bad news.  I don't currently have a balance on BML, but there would be no point in using it anymore if it reports.  I would get better rewards benefit from my credit cards.

EX:694 TU:744 EQ:777
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Valued Contributor
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Re: Bill Me Later changing to Comenity Capital Bank.


Vikz27 wrote:
Oh oh... Might have to pay the balance right before the September statement then. I still have not received the email with that info

Mine was an actual letter through the postal system.

 


DaveSignal wrote:

Comenity does report all of their other accounts, I don't see how this would be different.  This is probably bad news.  I don't currently have a balance on BML, but there would be no point in using it anymore if it reports.  I would get better rewards benefit from my credit cards.


Completely agreed with this. It did say that Bill Me Later will continue to service the account, so maybe that means they will just use Comenity's money and keep their own policies. The limit is only 801, so I don't really want to take a hit for that.

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Re: Bill Me Later changing to Comenity Capital Bank.

Craaaaaaaaappppppppp

WM TransUnion- 650 (6/2014) Credit Sesame Experian- 691 (6/2014) Credit Karma TransUnion- 665 (6/2014)
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Frequent Contributor
Posts: 351
Registered: ‎07-13-2013
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Re: Bill Me Later changing to Comenity Capital Bank.

Welp! Time to BT to pay that off ASAP and close. I was going to do it soon anyway, but the time table has just moved up. I only used it to get the random 0% financing here and there or if I didn't want to pay for something on sale right away. I regularly went to 90% or so on that little $500 line, but didn't care since it didn't report.

 

Funny... (yes, I'm reminiscing) I had BML before I had my first credit card post-BK. I was running an online business at the time when Paypal offered it to me one day. I thought it was a joke, but it was legit. After I closed the biz, I opened a new Paypal account with no money in it and tied the BML account to it.

 

 


Past - CH7 BK Discharged 01/09 | Rebuild Started 05/12 Present - All IIBs GONE! Future - 2015 Mortgage
Valued Contributor
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Registered: ‎07-29-2011
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Re: Bill Me Later changing to Comenity Capital Bank.

I just got off the phone with Bill Me Later support.  I asked the CSR about this change and she put me on hold to verify with a supervisor.  The word is that BML is switching to Comenity bank but WILL NOT be reporting to the credit bureaus and all other BML practices will indeed remain the same.  BML is still an invisible tradeline.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Regular Contributor
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Registered: ‎05-07-2013
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Re: Bill Me Later changing to Comenity Capital Bank.


DaveSignal wrote:

I just got off the phone with Bill Me Later support.  I asked the CSR about this change and she put me on hold to verify with a supervisor.  The word is that BML is switching to Comenity bank but WILL NOT be reporting to the credit bureaus and all other BML practices will indeed remain the same.  BML is still an invisible tradeline.


Sweeeet. I was going to pay it off in consolidation, but seeing as it is invisible, decided to delete more of my visible utilization. Was hoping I would not have to change tactics.



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Now: EX-742(Quizzle) EQ-656 (MyFICO), TU-720 (Bank)

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