topic Comenity Bank and Zero Balances in Bankruptcy

Comenity Bank and Zero Balances

Anonymous — Mon, 30 Apr 2018 23:13:33 GMT

Okay. I file this Friday, May 4th. Chapter 7. I have 19 credit cards (trust me, I know. Never again. Lol.) Of the 19 cards, 6 are store cards issued through Comenity. One is overcharged ($500 CL) and one is currently reporting as $20 under the $250 limit. Four others have zero balances and credit limits of $250, $250, $250, and $2k. I've never used the card with the $2k balance and the other 3 I paid off right away.

So, my question is if anyone had a similar situation. They will get burned on the two cards but I am curious if there's any chance they'll keep the other 4 open. I know that's probably a long shot and I really won't care if they do close them because I plan to stay away from store cards. But in the meantime, they could open up my utilization and age of credit so it wouldn't be ALL bad. Two of the four are the oldest cards on my report. And I am reading Comenity can be forgiving but I am not sure if that applies when you're burning them on two cards and keeping 4 at the same time.

Did anyone have a similar situation?

Re: Comenity Bank and Zero Balances

jonnyc — Mon, 30 Apr 2018 23:16:26 GMT

Every creditor gets notified of your filing. When comenity gets notice of your case, they will most likely shut down all accounts.

Re: Comenity Bank and Zero Balances

Anonymous — Mon, 30 Apr 2018 23:17:42 GMT

Oh I know they'll definitely find out. Lol. And like I said, I don't really care if they do close them. I was just curious if anyone had a similar situation. Thanks for replying!

Re: Comenity Bank and Zero Balances

jonnyc — Mon, 30 Apr 2018 23:37:31 GMT

also as for getting in with them again, you might have better luck than I did. I've never had a comenity card and still don't after applying after discharge, I guess they don't like me.

Re: Comenity Bank and Zero Balances

Anonymous — Mon, 30 Apr 2018 23:45:38 GMT

For the most part, my limits never increased, as you can see. Two of the $250 balances are my oldest cards. And I plan to limit store cards in the future. I wouldn't say you're missing much with Comenity. Lol.

Re: Comenity Bank and Zero Balances

jonnyc — Mon, 30 Apr 2018 23:58:18 GMT

I was looking forward to an overstock card, but I guess that it can wait🤷🏻‍♂️

Re: Comenity Bank and Zero Balances

Anonymous — Tue, 01 May 2018 00:32:14 GMT

They just closed both of mine, zero balances were reporting.

Re: Comenity Bank and Zero Balances

Hershey_Kiss — Tue, 15 May 2018 17:45:52 GMT

They closed both of mine which had a ZERO balance at the time of filing

Re: Comenity Bank and Zero Balances

onstar — Thu, 17 May 2018 07:45:17 GMT

My BK was discharged within the last 2 months.

I had 5 accounts with Comenity. One had a $8000 balance which was included in the BK. The other 4 had $0 balance, and Comenity never closed these 4 accounts. From what everyone is telling me, I got really lucky. I got to keep 4 TLs with over $15,000 in credit line. I spent <$50 on 2 of the cards just to see if they will work, and they did. I don't plan on using any of these cards on a regular basis. Maybe use them once a year for a tiny purchase just to show some activity.

Anyway, here is one positive data point. But again, my understanding is that this is not the norm.

Re: Comenity Bank and Zero Balances

Anonymous — Sun, 20 May 2018 00:03:26 GMT

Yeah. I am not expecting them to keep them open, and I won't be too upset if they don't. But the credit open from the get-go would be nice and my oldest card on my report is one of the Comenity ones with a 0 balance.

But it's nice to know they did for someone so there's like a TINY, absolutely miniscule chance they will keep them open. lol. Thanks!

Re: Comenity Bank and Zero Balances

Anonymous — Fri, 05 Oct 2018 16:10:34 GMT

I had a VS card with a zero balance that was closed, I wonder if they will let me back in.

Re: Comenity Bank and Zero Balances

nursepower — Sat, 06 Oct 2018 00:14:11 GMT

Im another with zero balance on comenity and they closed all my accounts.

Re: Comenity Bank and Zero Balances

Anonymous — Thu, 15 Nov 2018 05:58:19 GMT

Hi everyone I am a pro at this I filed twice and believe me everyone of your accounts will be notified due to your social security number!! I had over 80 cards yes 80 I’m learning my lesson however several had zero balances which I did not include in bk but they all were closed the cards tht were reported show up as closed chapter 7 bk the others said closed same w synchrony! I filed a year ago second time ya ya I know anyway I did the shop cart trick on Apple seeds Blair and haband now my score is pretty high I got a first premiere card tht came in the mail the day after I went to court it was approved and they never closed it because it missed the time frame of wen I filed so I have had a year of building my credit score using the card and making my payment on time which is a must do not be late period!!! The other day I went to appleseeds and Blair did a purchase added to shopping cart and much to my surprise it said you have been preapproved wow o was I siked so I completed the rest of application and got all three cards w 350 line. As I said before these cards had zero balance we’re closed and I was told I needed a new card now I tried on couple of others and flat out denied me synchrony isn’t happening. So if I were you wait a year get your score up over 600 and try the shopcart trick!! If the cards had zero balance you may get lucky and they will send you new card. The old account number will be closed regardless of the zero balance believe me!! Good luck I’m grateful for these cards and have learned my lesson.

Re: Comenity Bank and Zero Balances

Anonymous — Thu, 15 Nov 2018 13:29:13 GMT

Good to know. 😊

Re: Comenity Bank and Zero Balances

Anonymous — Sat, 17 Nov 2018 09:50:24 GMT

I wanted to share with everyone tht I had zero balances with Best Buy stein mart which were from synchrony and pay pal o I really was praying to keep tht one and it was still showing opened after my bk. However I made a purchase and immediately received a letter the accts were closed. Bottom line they get closed it’s just a matter of time as they check in w credit bureau Thus far synchrony won’t approve me even with zero balances!! Comenity preapproved me only on a few w zero balances.