Their old Payboo card with Synchrony bank was fine for me, and I thought the >elimination of sales tax with it was great - like 10% cash back. So I applied >for the Comenity card - at least twice now, and finally started looking at >reviews of the bank and its credit cards. All I could find were one star >reviews, and it seemed like a lot of them included the words “scam” and >“fraud”.
I can’t even remember ever having a card application being rejected - I’m >usually in the 800’s credit score range. But they have now rejected me
twice, and for nonsensical reasons. I am not alone. Even the customer service >rep I talked to at B&H said that it seems that’s how they are spending
their days now - fielding complaints about Comenity. So if you are thinking >about applying, or have applied and been rejected, you are not alone, and >might even be fortunate if you have been rejected. An awful lot of the >reviews mention late fees that seemed to be caused by the bank, and that >disputing seems to go nowhere. The other major complaint is that their credit >scores are being dinged because of the bank.
You are warned.
On Mon, 28 Mar 2022 13:25:39 -0500, Bill W<nothing@nowhere.com>
wrote:
Their old Payboo card with Synchrony bank was fine for me, and I thought the
elimination of sales tax with it was great - like 10% cash back. So I applied
for the Comenity card - at least twice now, and finally started looking at reviews of the bank and its credit cards. All I could find were one star reviews, and it seemed like a lot of them included the words “scam” and “fraud”.
I can’t even remember ever having a card application being rejected - I’m
usually in the 800’s credit score range. But they have now rejected me twice, and for nonsensical reasons. I am not alone. Even the customer service
rep I talked to at B&H said that it seems that’s how they are spending their days now - fielding complaints about Comenity. So if you are thinking about applying, or have applied and been rejected, you are not alone, and might even be fortunate if you have been rejected. An awful lot of the reviews mention late fees that seemed to be caused by the bank, and that disputing seems to go nowhere. The other major complaint is that their credit
scores are being dinged because of the bank.
You are warned.
My credit score rating is well above 800, has been for many years, and
I have an unblemished record at Equifax.
I applied for a Playboo card in anticipation of a planned purchase and
a savings of the 7% tax for my state. My application was denied for
the reason that there was no record of my credit standing. It wasn't important enough to me to re-apply.
I made the purchase from another vendor. I'll still deal with B&H in
the future, but they lost this sale.
My credit score rating is well above 800, has been for many years, and
I have an unblemished record at Equifax.
Their old Payboo card with Synchrony bank was fine for me, and I thought the elimination of sales tax with it was great - like 10% cash back. So I applied for the Comenity card - at least twice now, and finally started looking at reviews of the bank and its credit cards. All I could find were one star reviews, and it seemed like a lot of them included the words “scam” and “fraud”.
I can’t even remember ever having a card application being rejected - I’m usually in the 800’s credit score range. But they have now rejected me twice, and for nonsensical reasons. I am not alone. Even the customer service rep I talked to at B&H said that it seems that’s how they are spending their days now - fielding complaints about Comenity. So if you are thinking about applying, or have applied and been rejected, you are not alone, and might even be fortunate if you have been rejected. An awful lot of the reviews mention late fees that seemed to be caused by the bank, and that disputing seems to go nowhere. The other major complaint is that their credit scores are being dinged because of the bank.
You are warned.
On 2022-03-28 18:25:39 +0000, Bill W said:
Their old Payboo card with Synchrony bank was fine for me, and I thought the
elimination of sales tax with it was great - like 10% cash back. So I applied
for the Comenity card - at least twice now, and finally started looking at reviews of the bank and its credit cards. All I could find were one star reviews, and it seemed like a lot of them included the words “scam” and “fraud”.
I can’t even remember ever having a card application being rejected - I’m
usually in the 800’s credit score range. But they have now rejected me twice, and for nonsensical reasons. I am not alone. Even the customer service
rep I talked to at B&H said that it seems that’s how they are spending their days now - fielding complaints about Comenity. So if you are thinking about applying, or have applied and been rejected, you are not alone, and might even be fortunate if you have been rejected. An awful lot of the reviews mention late fees that seemed to be caused by the bank, and that disputing seems to go nowhere. The other major complaint is that their credit
scores are being dinged because of the bank.
You are warned.
My application for the new B&H PayBoo went through without issue, and I received the new card in January. I also used the previous Synchrony
Bank version of the PayBoo card. I have a credit score with the three agencies in the 830 range.
I have only used it once this year to buy another 4TB external SSD.
That said, your warning has been noted.
I canąt even remember ever having a card application being rejected - Iąm usually in the 800ąs credit score range.
But they have now rejected me
twice,
and for nonsensical reasons.
In article<0001HW.27F23523004CA2A330A61538F@news-us.newsgroup.ninja>,
Bill W <nothing@nowhere.com> wrote:
I canÂąt even remember ever having a card application being rejected - IÂąm usually in the 800Âąs credit score range.
credit score is just one factor, and different lenders use different
scoring models and will have a different score. another factor is
whether you pay in full or finance, which determines how profitable
you'll be. those with higher scores generally are less profitable and therefore less desirable for subprime lenders such as comenity.
But they have now rejected me
twice,
did you recon or re-app?
and for nonsensical reasons.
they have to give *a* reason, which is somewhat based in reality.
I can1t even remember ever having a card application being rejected - I1m usually in the 8001s credit score range.
credit score is just one factor, and different lenders use different scoring models and will have a different score. another factor is
whether you pay in full or finance, which determines how profitable
you'll be. those with higher scores generally are less profitable and therefore less desirable for subprime lenders such as comenity.
And that is probably the problem. I have multiple cards, and never carry any balance on any of them. I am not exactly every card issuers dream customer.
But they have now rejected me
twice,
did you recon or re-app?
Iąm not sure what you mean.
and for nonsensical reasons.
they have to give *a* reason, which is somewhat based in reality.
The first time the reason given was that I had a lock on one of the reporting agencies. Thatąs been on for years, and I have never had anyone report a problem checking my credit, and itąs been checked many times.
The second
time the reason was that they couldnąt verify my identity, something else Iąve never heard before.
They said I had to call them. I did. They asked
one question, and person then said - łoh wait˛, we donąt need anything
else, itąs already gone through˛, and they said my card was on the way.
And then a couple of weeks later I got a letter saying once again it was rejected because they couldnąt confirm my identity. So I called once again because I found something funny in a strange way about all this, and they told me that they couldnąt explain what happened on that call because their records showed that they had never talked to me. But łI was welcome to
apply again in 30 days. I donąt think so...
In article<0001HW.27F3CC6800904C7D30D95538F@news-us.newsgroup.ninja>,
Bill W <nothing@nowhere.com> wrote:
I can1t even remember ever having a card application being rejected - I1m
usually in the 8001s credit score range.
credit score is just one factor, and different lenders use different scoring models and will have a different score. another factor is
whether you pay in full or finance, which determines how profitable you'll be. those with higher scores generally are less profitable and therefore less desirable for subprime lenders such as comenity.
And that is probably the problem. I have multiple cards, and never carry any
balance on any of them. I am not exactly every card issuers dream customer.
that's definitely part of it, but not all of it. different card issuers
weigh things differently.
other factors include oldest account (longer = less risk), newest
account (multiple recent requests for credit = financial distress), how
long a card is kept (many open and soon closed = undesirable churner),
number of inquiries (many = financial distress), income (which they can usually verify), spending patterns and more. they also want a mix of
people who pay their bills on time (low risk) versus those who carry a balance (moderate risk but profitable).
But they have now rejected me
twice,
did you recon or re-app?
IÂąm not sure what you mean.
asking to reconsider the existing application to resolve whatever
issues prevented its approval versus re-applying anew. from your
description below, you reconned.
and for nonsensical reasons.
they have to give *a* reason, which is somewhat based in reality.
The first time the reason given was that I had a lock on one of the reporting
agencies. ThatÂąs been on for years, and I have never had anyone report a problem checking my credit, and itÂąs been checked many times.
are all of them locked? if not, it's possible the other card issuers
checked the ones that weren't locked, or they soft-pulled because of an existing relationship (amex does that, for example).
different card issuers check different credit agencies, sometimes more
than one. capital one is famous for a triple-pull, checking all three.
there's actually more than just the big three, innovis being the little
known fourth credit agency.
<https://www.innovis.com>
there are various other databases which can also be checked, such as
the work number for salary info, and if what you claim is sufficiently different than what your employer claims they pay you, then the app
could be rejected.
<https://assets.equifax.com/wfs/theworknumber/assets/twn_Verification_of _Income_Sample_Report.PDF>
banks use chex to see how many bank accounts you recently opened,
number of bounced checks, etc. too many and you're a deadbeat and may
refuse to open an account.
<https://www.chexsystems.com/web/wcm/connect/6c1dabbe-13ff-4c25-893e-423 14b1b340e/Sample+Consumer+Disclosure+Report.08.20.2021.pdf?MOD=AJPERES&C VID=nJzI7eo>
The second
time the reason was that they couldnÂąt verify my identity, something else IÂąve never heard before.
they check various databases to verify that you are who you say you are.
apparently there was an issue, but usually it will ask additional
questions that theoretically only you would know (e.g., which of the following cars have you owned) and/or submit copies of id cards, etc.
They said I had to call them. I did. They asked
one question, and person then said - ³oh wait², we don¹t need anything else, it¹s already gone through², and they said my card was on the way. And then a couple of weeks later I got a letter saying once again it was rejected because they couldn¹t confirm my identity. So I called once again because I found something funny in a strange way about all this, and they told me that they couldn¹t explain what happened on that call because their
records showed that they had never talked to me. But ÂłI was welcome to apply again in 30 days. I donÂąt think so...
that's very odd.
because you were denied, you are entitled to a free credit report (in addition to the free annual ones) and it might be worth checking to see
what they saw, although you won't know what actually flagged the
rejection unless there's something major like bankruptcy or some other baddie, although that would have likely been listed as a reason.
because you were denied, you are entitled to a free credit report (in addition to the free annual ones) and it might be worth checking to see what they saw, although you won't know what actually flagged the
rejection unless there's something major like bankruptcy or some other baddie, although that would have likely been listed as a reason.
Thereąs nothing in my reports. Other online applications go through in seconds with no problem.
In article<0001HW.27F400D3009C95AF30D95538F@news-us.newsgroup.ninja>,
Bill W <nothing@nowhere.com> wrote:
because you were denied, you are entitled to a free credit report (in addition to the free annual ones) and it might be worth checking to see what they saw, although you won't know what actually flagged the rejection unless there's something major like bankruptcy or some other baddie, although that would have likely been listed as a reason.
ThereÂąs nothing in my reports. Other online applications go through in seconds with no problem.
there shouldn't be, but mistakes happen.
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