Sometime ago, Comenty Bank/capital used to be known as World Financial Bank or some variant thereof.. they actually got in trouble...for intentionally closing what youd think would be reliable customers accounts due to the lack of profitability on these accounts..
The reason they go after folks who have stable history is they aren't that profitable.... theres skipping out and defaulting deadbeats but folks who pay in full and dont leave a balance are also considered deadbeats by some banks.. esp ones with high interest rates who PIF and dont leave a balance..
You were triggered by opening a few too many tradelines for your credit history in a short time.. they were possibly afraid of something called bust-out fraud....
Slow down, and let time and payments help you grow your credit..... To be honest, your probably better off without Comenty......
-J
@beautifulblaquepearl wrote:
@Anonymous wrote:Yes, a behavior issue for sure...wats bewildering is they have done this too folks with cards that have been open for some time, ppl with great credit, perfect history with them....then ya have others that in a short time get cards via SCT...5,6,7,8.....and they don't bother them...I have 4 cards with AMEX....all with in 45 days, they arent closing them...they are increasing my limits...Cap 1...2 opened in a week....not closing, increasing limits....etc...I ve dealt with lots of credit card companies....Comenity is a differnt kinda duck....If it were MY behavior, seems to me ALL the CC companies would be treating me the same....Yeah, I played a part, but haven't done anything unethical or fraudulent....lesson learned is this.....REASEARCH FIRST
I agree 100% with the bolded section. It's always a good idea to research cards before you apply for them.
You dont get it do you? Different companies have different criteria.. what one may think is a perfectly fine customer by one, might be a possible BK for another... You forget its not just your credit score that is used for these decisions... Also due to the CARD act... Universal default is off the table, but that doesn't mean they cant use their own scoring to say. Hey we think theres an escalating risk we don't want to take.... Yes Comenity is a different duck.. but your behavior is known to make them skittish... Other card companies arent scared off quite so easily but they could be... different standards and different target audiences... Your not taking accountability for your actions the more you keep saying its not your fault... has nothing to do with ethics or fraud.. its the card issuers evaluating your RISK... and they think your RISKY... nothing more...and probably NOT PROFITABLE........ hence why you are given the boot... regardless of other card companies.... its their court and ball.... doesn't stop you from going elsewhere... but they set the rules and standards for their customers and they made it clear.. they dont want you...
-J