Comenity Shutdown, with a twist :(

[odd_dog]

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@AverageJoesCredit wrote:
Sorry DeeBee.

I can understand if a creditor doesnt want to approve for too many recent inquiries or aquisitions as its obvious they want you to use their card and with multiple new ones, they arent gaurenteed that. BUT, i find it totally nonsense to approve you and close you down before you even get the card. Thats wrong. I know they maybe different departments but they should due the homework on who they give credit too, thats why we have credit reports, or should anyway. Lol odd _dog Reapply?? Yeah, to my shreddar

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and Joe she said it with a serious tone....LMAO!!!

[Anonymous]

odd dog wrote:

THAT is EXACTLY what happened to me....no Comenity cards, got a BJ membership in store they asked if I wanted to apply said yes...instant 25K limit, bought about $300 on card at BJ's get the card, paid down $150 went to use the card at gas station, no go, called they cancelled the card! all within about a 11 day time frame. They said nothing they could do "closed permanently" BUT I could reapply!? WHAT? No thanks, will NEVER get ANYTHING from that "bank" again, asked them to take off the inquiry they said no...end of story.... Sorry this happened to you too OP!!


humuhumunukunukuapua'a wrote:

Now we see just how ridiculous Comenity is, when it was your first and only Comenity account.

Just say no to Comenity.

[Anonymous]

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@Anonymous wrote:
Comenity did this exact thing quite a lot in 2016. It is triggered by the new card application, and it had to do with how many inquiries you have on EQ and EX.

Exact number of inquiries that are of concern is subjective and is apparently only known to Comenity. It happened to one person who had 5 inquiries.

It does not have to do with how many Comenity accounts you have, since it happened to people with only one or two Comenity accounts.

Very sorry this happened, OP.

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I remember that too Humu. Once we started getting more data points, I think one of the most recurring themes were too many new accounts which would also cause one's inquiries to increase.

[Anonymous]

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@odd_dog wrote:

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@AverageJoesCredit wrote:
Sorry DeeBee.

I can understand if a creditor doesnt want to approve for too many recent inquiries or aquisitions as its obvious they want you to use their card and with multiple new ones, they arent gaurenteed that. BUT, i find it totally nonsense to approve you and close you down before you even get the card. Thats wrong. I know they maybe different departments but they should due the homework on who they give credit too, thats why we have credit reports, or should anyway. Lol odd _dog Reapply?? Yeah, to my shreddar

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and Joe she said it with a serious tone....LMAO!!!

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Hey odd_dog! Do you have any new accounts other than your Comenity app? If yes, how many?

[Anonymous]

Some helpful information that myfico member Gregg posted in 2016, below ( he has an insider friend who works at Comenity)

http://ficoforums.myfico.com/t5/Credit-Cards/Commenity-Accounts-To-Be-FR-ed-in-2016/m-p/4353384/high...

[odd_dog]

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@beautifulblaquepearl wrote:

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@odd_dog wrote:

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@AverageJoesCredit wrote:
Sorry DeeBee.

I can understand if a creditor doesnt want to approve for too many recent inquiries or aquisitions as its obvious they want you to use their card and with multiple new ones, they arent gaurenteed that. BUT, i find it totally nonsense to approve you and close you down before you even get the card. Thats wrong. I know they maybe different departments but they should due the homework on who they give credit too, thats why we have credit reports, or should anyway. Lol odd _dog Reapply?? Yeah, to my shreddar

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and Joe she said it with a serious tone....LMAO!!!

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Hey odd_dog! Do you have any new accounts other than your Comenity app? If yes, how many?

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Beautiful, now you are getting into dangerous territory!  LOL I have/had (this incident happened around Sept 2016) at least 20 on my TU, about 5 each on EX and EQ - and not ashamed of it...LOL  BUT that was all on my report when they pulled it, so gotta wonder WHY approve? And no inquires in the 11 days it took them to close it.....

[yfan]

It is a little odd that they are shutting people down after approving them based on information they already had at the time of the approval. It'd definitely be a more prudent course of action not to issue credit in the first place. It's not that hard to make a system count inquiries, either.

[Benzman]

[Anonymous]

Comenity and the way they make decisions has never made any sense, that is one thing we do know.

Similar type of thing happened last week when a myfico member reported that BoA shut down her card and 12 days later sent her a letter thanking her for being a good customer and inviting her to do a balance transfer.

I realize those things may get preprinted far in advance, but seriously?

[Anonymous]

Just remember:

Comenity. We take your cards away, then send you new ones the very same day.