topic Re: Comenity closed my accounts in Credit Cards

Comenity closed my accounts UPDATE

Anonymous — Fri, 23 Sep 2016 16:39:48 GMT

Closed Gander Mountain Visa and Sportsman Visa before I even have the cards. Has to be too many inquiries. I have 8 this year on EQ, but 2 are from my mortgage, 3 are the same day when I bought my car and one is Comenity. That leaves only 2 other inquiries. Have to say though I'm not a bit upset.

Called Comenity to pay the balance of $76 for the shirts I ordered when they gave me the GM card at checkout. I was transferred to the fraud/security and told the accounts were flagged because of all the activity showing on my reports. Answered 3 questions to verify my identity and verified I was the one that opened them. They said the Sportsman Visa will be active in 5 minutes and the Gander Mountain card will be here next week. He said they will send notification to the CRA today with updated info.

Re: Comenity closed my accounts

NRB525 — Wed, 21 Sep 2016 12:32:17 GMT

Before you even get the cards? With only a few INQ? To me, that, combined with all the other mass closures a sign of an organization in chaos. They can't even get their initial underwriting figured out.

Thanks for sharing, sorry it happened, but it sounds like you realize it's only a couple of store cards.

Re: Comenity closed my accounts

mattmyFIC0 — Wed, 21 Sep 2016 12:33:26 GMT

are you sure they're closed? They say $0.00 available credit on visa and mc until accounts are activated.

Re: Comenity closed my accounts

Anonymous — Wed, 21 Sep 2016 13:00:19 GMT

No they're closed. Received alerts this morning from experian.

Re: Comenity closed my accounts

JSS3 — Wed, 21 Sep 2016 13:23:20 GMT

They closed two of my accounts(MyPoints, Dwolla) because their partnerships ended.

Re: Comenity closed my accounts

skigirl916 — Wed, 21 Sep 2016 13:53:52 GMT

I have like 12 new inquiries this year, and the only adverse action I've encountered was a CLD from Barclay. Comenity actually unilaterally increased all my limits every couple months, including this one.

Re: Comenity closed my accounts

creditguy — Wed, 21 Sep 2016 15:13:31 GMT

I doubt it would be the inquiries, 8 inquiries is not that much especially when you consider the majority of them came from mortgage and car loans. Anything else change in your profile recently?

Re: Comenity closed my accounts

Anonymous — Wed, 21 Sep 2016 17:00:34 GMT

@Anonymous wrote:
Closed Gander Mountain Visa and Sportsman Visa before I even have the cards. Has to be too many inquiries. I have 8 this year on EQ, but 2 are from my mortgage, 3 are the same day when I bought my car and one is Comenity. That leaves only 2 other inquiries. Have to say though I'm not a bit upset.

I understand this is easy for me to say not having any Comenity cards but based on what I have read here AND just taking a quick look at their BBB file I would consider it a blessing in disguise (again easy for me to say I know). It's one thing when someone suffers from AA and when the details flush out they brought it on themselves but there are WAY too many instances of this for it to be all on the consumer.

Re: Comenity closed my accounts

austinguy907 — Wed, 21 Sep 2016 17:29:53 GMT

Your credit is too good for them!!! You over-qualified for those cards! At least now you can dispute the inquiries off your report since they reversed the approval.

Re: Comenity closed my accounts

Anonymous — Wed, 21 Sep 2016 19:44:10 GMT

@Anonymous wrote:
Closed Gander Mountain Visa and Sportsman Visa before I even have the cards. Has to be too many inquiries. I have 8 this year on EQ, but 2 are from my mortgage, 3 are the same day when I bought my car and one is Comenity. That leaves only 2 other inquiries. Have to say though I'm not a bit upset.

Sorry for your troubles. I'm glad you have a positive view of the situation. Best wishes on your credit journey!

Re: Comenity closed my accounts

pipeguy — Wed, 21 Sep 2016 19:57:08 GMT

Seems Comenity is not done with this nonsense - glad I'm done with them and will never look back !

Re: Comenity closed my accounts

Anonymous — Wed, 21 Sep 2016 23:01:14 GMT

Comenity needs to invest in new software. Come up with a policy of approval for only one card every 90 days or 4/24 months or something. Instead of approvals then closures, they need to start giving declines after the first approval. I think this site really attacked the company when people got a dozen Comenity cards in one night. I have went through 20 credit cards since July 2014. Now I have 9 and 2 are Comenity. Out of the 11 I closed, 1 was Barclays and 10 were Comenity. By September of 2017, all of my inquiries will be gone from my record. Scores about to go above 800. I think I played all the right moves and have conquered this sport. I have no idea why I keep coming back to this site.

Re: Comenity closed my accounts

Anonymous — Thu, 22 Sep 2016 13:39:02 GMT

I could care less about the inquiry but they reported both accounts as closed to the CRAs. So befoe I received the cards they closed them and first reported them showing closed by credit guarenteed. I would think I have a case to have all info removed

Re: Comenity closed my accounts

Anonymous — Thu, 22 Sep 2016 13:58:38 GMT

@Anonymous wrote:
Comenity needs to invest in new software. Come up with a policy of approval for only one card every 90 days or 4/24 months or something. Instead of approvals then closures, they need to start giving declines after the first approval. I think this site really attacked the company when people got a dozen Comenity cards in one night. I have went through 20 credit cards since July 2014. Now I have 9 and 2 are Comenity. Out of the 11 I closed, 1 was Barclays and 10 were Comenity. By September of 2017, all of my inquiries will be gone from my record. Scores about to go above 800. I think I played all the right moves and have conquered this sport. I have no idea why I keep coming back to this site.

HaHa I feel the same way. I have great cards with great banks that I'm happy with. But NOO I couldnt leave well enough alone. I rebuilt from the 500s to 760 without a store card or Crapenity. But Ive been in the garden waiting to close on the house and couldnt help myself. I too will blame this website. LOL. In all honesty I wouldnt be where I am without all of you. Before I did this I had the final months of my rebuild planned to a T. But now I'm not sure and Im a little upset that I will have to delay the final act of my play. I'm due a CLI with AMEX and USAA in December. I was hoping to get my Hilton Surpass to 45K then transfer 15K to my EDP taking it to 23K and then CLI it to 60K in June. I really didnt want anymore cards. The Ultimate goal was by Christmas 2017 to have the following: AMEX Platinum, AMEX EDP 60K, AMEX Hilton Surpass 30K, NFCU Flagship 50-80K, USAA 30-50K between the 2 cards, Marvel MC 25K. My Citi DP is at 11.6k now and can stay there or go up but Im not counting on it. And My Lowes is topped out at 35K. All my scores should be hovering around 800 by then. Thats all I want for Christmas.

Re: Comenity closed my accounts

austinguy907 — Thu, 22 Sep 2016 16:50:50 GMT

@Anonymous wrote:
I could care less about the inquiry but they reported both accounts as closed to the CRAs. So befoe I received the cards they closed them and first reported them showing closed by credit guarenteed. I would think I have a case to have all info removed

I think you're onto something with getting the whole thing removed. BTW it's "couldn't care less" otherwise you still care a little bit.

Re: Comenity closed my accounts

Anonymous — Fri, 23 Sep 2016 16:44:13 GMT

Re: Comenity closed my accounts

fedxboy — Fri, 23 Sep 2016 19:16:39 GMT

@creditguy wrote:
I doubt it would be the inquiries, 8 inquiries is not that much especially when you consider the majority of them came from mortgage and car loans. Anything else change in your profile recently?

Yeah and I have 14 INQ on my EQ and had 11 Comenity cards and have received no adverse action from them. Just recently I closed my Credo Visa 7750 - Credo and Comenity parted ways, so I closed before they did. Also, closed my Virgin America Visa, after having for just about a year. Mypoints Visa 7000 will reap no more rewards, since MyPoints and Comenity have parted ways too. They said the card will remain open till it expires -- okay, till 2019. lol. and Overstock 5400 -- it's been a year and don't use it....should close it.

That leaves (Farmers Visa 6500, RedroofInn Visa 6500 - both opened 7 months ago) (Orbitz Visa 6500, Fuel Rewards 9750, Sportsman Visa 8250, Toyota Visa 6000, and MyPoints 7000 -- The rest have been opened for 3 years)

topic Re: Comenity closed my accounts in Credit Cards

Comenity closed my accounts ****UPDATE****

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Comenity closed my accounts UPDATE