Reply
Established Contributor
andre181
Posts: 628
Registered: ‎07-29-2010
0

HSBC Retail/Cap1/WFNNB Frustrations

Okay, so I have a store card from a department store called Herbergers. Across the country, these stores operate under different names: Bergners, Boston Store, Carson Pirie Scott, Elder-Beerman, Parisian, and Yonkers, and The Bon-Ton.

 

Anyway, this card was originally issued by HSBC Retail.  As we all know, HSBC got taken over by Capital One. This transition went very smoothly about 2-3 months ago. Best of all, on my CR's this account just got renamed from HERBERG/HSBC to HERBERG/CAP1. No new tradeline, so all was well.

 

But about a month ago, I got a letter from Capital One stating this accont was getting transfered from Capital One to WFNNB. Okay, no big deal. But this week, I checked EX and the HERBERG/CAP1 TL is now marked closed by lender, and there is a new TL from WFNNB. As a result, AAoA went down by .4 years, not a big drop and score doesn't appear affected (hard to tell since its EX, FACO stayed the same but that doesn't mean much) but still upsetting. I'll check EQ and TU in a week or so.

 

After calling both Capital One and WFNNB, they both say there is nothing they can do about it.

Discover IT $25K | FNBO Visa $22K | Citi Forward $14.5K | US Bank Cash+ Visa Sig $15K | Priceline/Barclays $10K | Chase Freedom $10.5K | Amazon/Chase Visa Sig $8.3k | Citi Double Cash $6.5K | BoA Cash Rewards 1-2-3 Sig $7.5K | Sallie Mae World MC/Barclays $5K | Capital One Cash Rewards $5K | Commerce Bank $5K | WF Cash Back Visa $3.6K | Amazon/GEMB $2.5K | Younkers/Comenity $2.4K | AMEX BCE $2K Target $1K | AMEX Green
EX FICO (from AMEX): 754, TU08 FICO (from Discover): 755, AAoA: 3.6 years
Established Contributor
BrokaToe
Posts: 726
Registered: ‎05-12-2012
0

Re: HSBC Retail/Cap1/WFNNB Frustrations

Wow, pretty interesting, I guess WFNNB is buying up more store accounts.  That sucks they would start a new TL though.  Sorry to hear that.


border="0" align="left" width="450" height="90">
New Member
1111
Posts: 1
Registered: ‎09-06-2012
0

Re: HSBC Retail/Cap1/WFNNB Frustrations

I have a Carsons card/account since 1993 and on my credit report it states that the account is closed and transferred to another lender with NO new TL.  It's just closed.  I have tried to get them (WFNNB) to report the account but they haven't since July.  You are lucky that they are reporting it.  I have heard a lot of bad things about this company, so I will continue to pay on time and continue to wait.

Regular Contributor
CreditEd
Posts: 140
Registered: ‎07-01-2012
0

Re: HSBC Retail/Cap1/WFNNB Frustrations

My card from Pottery Barn that used to be backed by WFNB just got renamed/bought by Commetie Bank. Never heard of this bank before in my life. Hadn't heard about WFNB until my daughter wanted a play kitchen set... :-)

All Thanks to myFico:
AMEX Business Platinum (NPSL) | AMEX Business SPG ($25,000) | Citi Hilton Honors Reserve ($14,000) | US Bank Cash+ Visa Signature ($13,500) | AMEX H. Honors ($6,000) | FNBO Platinum MC $5,000) | Citi Diamond Preferred ($4,700) | Citi ThankYou Preferred ($3,200) | Chase Freedom ($3,000)
Frequent Contributor
Boonie
Posts: 269
Registered: ‎02-08-2010
0

Re: HSBC Retail/Cap1/WFNNB Frustrations

WFNNB is now Comenity Bank.  

09/20/14 FICOs, EX 671, EQ 677, TU 701

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}