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Established Member
shychi24
Posts: 19
Registered: ‎05-04-2012
0

Springstone/Comenity Loan

Hi All,

 

Last month I was unfortunate enough to have to take out a loan for some emergency dental work. I was told that they would do a HP to determine how much they would cover. However, to date, I have not seen a HP, nor has the account shown up on any of my CRs. I have Scorewatch through myFICO as well as a couple of other sights that give FAKOs(?) but nothing is showing up in either place. I have now been billed, and paid, for two monthly installments. Does anyone have any experience with Springstone Patient Financing or Comenity Bank to know if they will appear on my CRs? I was curious to see how much this might ding me or potentially help me as all I currently have that is active is a cc and a student loan. Any ideas?

 

Thanks


Starting Score: 5/2011 579 EX (Fako)
5/2012: 660 EX (Fako) 680 EQ 704 TU
5/2013: 682 EX 698 EQ 735 TU
8/2014: 715 EX 714 EQ 714 TU
Goal Scores: 720 across the board
In the Garden until July 2015; last app May 2014

My wallet: BoA Platinum Plus $7,500, BoA Cash Rewards $5,000, Barclay's UPromise MC $5,000
Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

Re: Springstone/Comenity Loan

I have never dealt with them but if you just took out the loan last month they may not have reported to the CRAs yet.

 

They may never.

Established Member
shychi24
Posts: 19
Registered: ‎05-04-2012
0

Re: Springstone/Comenity Loan

Well, I pulled the trigger and ordered my EX report/score from myFICO and lo and behold, the Comenity TL is there. It does not appear on either of the other reports so far. Also, its appearance on my EX report coincided with a small CS increase, which I am happy about. What I am not so happy about is that it is appearing as a Retail Clothing CC for some strange reason. Would it be worth it to dispute the TL for for the type indicator since retail cards are looked on poorly? Or should I just leave it be?

 

Thanks for any information you can provide.


Starting Score: 5/2011 579 EX (Fako)
5/2012: 660 EX (Fako) 680 EQ 704 TU
5/2013: 682 EX 698 EQ 735 TU
8/2014: 715 EX 714 EQ 714 TU
Goal Scores: 720 across the board
In the Garden until July 2015; last app May 2014

My wallet: BoA Platinum Plus $7,500, BoA Cash Rewards $5,000, Barclay's UPromise MC $5,000
Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

Re: Springstone/Comenity Loan


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