@Anonymous wrote:I was approved for $700.00 credit line Via the Mastercard from Synchrony Bank. No CLI increases over the last 9 months.
However I had applied about the same time around 8/2018 for PP credit and was denied (prob still Comenity at that time).
This evening I thought why not just to explore, and was required to enter my last 4 digits of my SSI (soft pull) and it came back as approved for $400.00. So maybe Synch already took over on NEW accounts?
Either way I didn't really need a new credit line too much but is nice if it doesn't report, if it does, a bonus since there's a zero balance anyhow.
Although the information disclosed to me still said the credit line was issued by Comenity, which would also be a plus for me, as it may disclose a break thru barrier with Comenity, which has been very mean towards me.
As they always deny me credit no matter the store, which stinks considering I purchase quite a bit on authorized accounts issued by them such as Victoria's Secret, and Forever 21, maybe those chains should move to Synchrony?.
So at this point I'm not sure if it's a quasi thing or not, approved because they are passing liability onto Synch because Synch said yea they are okay in my book? or what. Hard/difficult to tell criteria of bank thought at any given time.
I just figure if I prove myself, then there must come a time where they must prove themselves to me at that point.
The real cat in the tail thing that concerns me a bit in regards to Comenity Bank versus Synchrony, is Comenity Bank relies heavily upon Sagestream credit reporting which was actually started and birthed by JCPenney, in which Sagestream has an in depth and extensive system of data collecting on potential debtors.
Yet JCPenney is now being serviced by Synchrony Bank.
It's difficult to fathom why would JCPenney whom holds an interest in Comenity, LifeLock, Nortons anit-virus etc. use Synchrony instead of their own data and associated creditor (Comenity).
Maybe they want to remove themselves from liable lawsuits? I'm not sure, but there's some tricky whicky sht going on with Sagestream/Comenity Bank.
No offence but CC servicers and their servicing brands have been known to be happy to get into squabbles for various reasons as of late. For example Walmart and Synchrony Bank blew up as they fought amongst themselves over the CC customer portfolio when Walmart said they are moving to Capitol One. Then you have Starbucks and JP Morgan Chase Bank when Chase said brewing coffee at home instead of buying it at Starbucks would save customers money. The joke is that Chase is the servicer of the Starbucks CC. Thankfully Chase had the sense to figure out they were being insensitive and Starbucks just watched from the side lines as they got some free press. I would not be surprised if Comenity and JC Penny did not have some kind of unstable history.
