BREAD FINANCIAL HOLDINGS, INC.


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"Products" offered by BREAD FINANCIAL HOLDINGS, INC. with at least one, but usually more complaints:

Bank account or service - Checking account
Bank account or service - Other bank product/service
Checking or savings account -
Checking or savings account - CD (Certificate of Deposit)
Checking or savings account - Checking account
Checking or savings account - Other banking product or service
Checking or savings account - Savings account
Consumer Loan - Installment loan
Consumer Loan - Personal line of credit
Credit card -
Credit card - General-purpose credit card or charge card
Credit card - Store credit card
Credit card or prepaid card - General-purpose credit card or charge card
Credit card or prepaid card - General-purpose prepaid card
Credit card or prepaid card - Gift card
Credit card or prepaid card - Payroll card
Credit card or prepaid card - Store credit card
Credit card or prepaid card - Student prepaid card
Credit reporting -
Credit reporting or other personal consumer reports - Credit reporting
Credit reporting or other personal consumer reports - Other personal consumer report
Credit reporting, credit repair services, or other personal consumer reports - Credit repair services
Credit reporting, credit repair services, or other personal consumer reports - Credit reporting
Credit reporting, credit repair services, or other personal consumer reports - Other personal consumer report
Debt collection - Auto debt
Debt collection - Credit card
Debt collection - Credit card debt
Debt collection - Federal student loan debt
Debt collection - I do not know
Debt collection - Medical
Debt collection - Medical debt
Debt collection - Mortgage
Debt collection - Mortgage debt
Debt collection - Other (i.e. phone, health club, etc.)
Debt collection - Other debt
Debt collection - Payday loan debt
Debt collection - Private student loan debt
Debt collection - Telecommunications debt
Debt or credit management - Credit repair services
Debt or credit management - Debt settlement
Money transfer, virtual currency, or money service - Check cashing service
Money transfer, virtual currency, or money service - Debt settlement
Money transfer, virtual currency, or money service - Domestic (US) money transfer
Money transfer, virtual currency, or money service - International money transfer
Money transfer, virtual currency, or money service - Mobile or digital wallet
Money transfer, virtual currency, or money service - Money order
Money transfer, virtual currency, or money service - Refund anticipation check
Money transfer, virtual currency, or money service - Virtual currency
Money transfers - Domestic (US) money transfer
Mortgage - Conventional home mortgage
Mortgage - Home equity loan or line of credit (HELOC)
Mortgage - Other type of mortgage
Other financial service - Credit repair
Payday loan -
Payday loan, title loan, or personal loan - Installment loan
Payday loan, title loan, or personal loan - Payday loan
Payday loan, title loan, or personal loan - Personal line of credit
Payday loan, title loan, or personal loan - Title loan
Payday loan, title loan, personal loan, or advance loan - Installment loan
Payday loan, title loan, personal loan, or advance loan - Personal line of credit
Prepaid card - Mobile wallet
Prepaid card - Other special purpose card
Student loan - Federal student loan servicing
Student loan - Private student loan
Vehicle loan or lease - Loan

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Complaint ID: 6206748

Date Received: 2022-11-15

Issue: Improper use of your report

Subissue: Credit inquiries on your report that you don't recognize

Consumer Complaint: I received a notification that a credit card was opened under my name that I did not open the only information I have was from a text message that said an account from Bread cash back was opened in my name. I did not open the link associated with the message. I did report to XXXX and started a fraud dispute

Company Response:

State: MA

Zip: 02151

Submitted Via: Web

Date Sent: 2023-01-05

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6206708

Date Received: 2022-11-15

Issue: Confusing or missing disclosures

Subissue:

Consumer Complaint: I purchased and applied a {$100.00} gift voucher to my XXXX account, expecting to be able to use it to purchase hardware or physical games. The funds are now locked in a " wallet '' on their site that can only be used to purchase digital goods, for which I have no use. I have called and used chat and have been told there is no way to withdraw the funds or have them converted into a format which I can use on the physical goods.

Company Response:

State: NC

Zip: 27103

Submitted Via: Web

Date Sent: 2022-11-15

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6206680

Date Received: 2022-11-15

Issue: Problem when making payments

Subissue: You never received your bill or did not know a payment was due

Consumer Complaint: The last statement I was able to download from Comenity BankXXXX XXXX XXXX website was dated XX/XX/2022- it was a lot of time and trouble to get this statement. According to a letter I received, the store, XXXX XXXX, and Comenity Bank are no longer working together and it appears that certain functions on their website have been frozen- for example, I can not access my statement online. I have tried for several weeks to access my statements online for XXXX and XX/XX/2022 and they are NOT available to me. I have requested the statements by phone from Comenity BankXXXX XXXX and have not received them. I called twice today and spoke to two different Comenity Bank employees, XXXX and XXXX. Neither of them would answer my questions and both disconnected me during the calls. One call was 5 minutes long and the second was 15 minutes long.

Company Response:

State: FL

Zip: 33418

Submitted Via: Web

Date Sent: 2022-11-15

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6205720

Date Received: 2022-11-16

Issue: Improper use of your report

Subissue: Credit inquiries on your report that you don't recognize

Consumer Complaint: My social security number was unauthorized usage of applications and fraud inquiries appeared on my XXXX credit report.

Company Response:

State: AR

Zip: 72206

Submitted Via: Web

Date Sent: 2022-11-16

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6204806

Date Received: 2022-11-16

Issue: Incorrect information on your report

Subissue: Account status incorrect

Consumer Complaint: XXXX. Express Credit Card was applied in the store for the 20 % off of purchase which was made in and around XX/XX/2022 in XXXX XXXX, CA. The store representative said he can not give me a card in the store but both the new card and statement will be mailed out to me within 30 days. i can make payments then. XXXX. Checking the purchases, the 20 % discount advertised did not seem to have applied. XXXX. At all times, I have no way to pay for my charges since I don't have the payment information from the CC company that should have been available in the mail via Statement. XXXX. CC company agreed and have reversed XXXX of XXXX late fees because they didn't mail me the new card to activate or statements. XXXX. CC company said they have removed the derogatory statements misrepresented to the Credit Bureaus. I am waiting to see it does what it says it will do. It is a misrepresentation and even fraudulent to promise a customer something for us to acquire a credit card then not send the card or account information. Then ruin the customer 's credit and charged fess or all sorts for the cc company 's failure to perform by sending out the account information and statement. It is clearly an unfair billing practices committed by Comenity Bank. Please be ware of this company!

Company Response:

State: TX

Zip: 787XX

Submitted Via: Web

Date Sent: 2022-11-16

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6204802

Date Received: 2022-11-16

Issue: Incorrect information on your report

Subissue: Old information reappears or never goes away

Consumer Complaint: Comenity Bank has not reported the balance on my Ultamate Rewards credit card to the credit bureaus in XXXX months. My credit reports still show a balance that I paid off in early XXXX, and it's XXXX now. When I asked about the reporting issue in XXXX, they attributed the delay to a " system upgrade. '' I would understand that if they had just skipped just XXXX month of reporting, but a delay this long seems like willful incompetence.

Company Response:

State: MN

Zip: 551XX

Submitted Via: Web

Date Sent: 2022-11-16

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6204797

Date Received: 2022-11-16

Issue: Incorrect information on your report

Subissue: Information is missing that should be on the report

Consumer Complaint: Comenity has not reported updated balance information to credit bureaus for my XXXX store card since XX/XX/2022 or earlier. As a result, the {$0.00} balance on my credit card is showing as a balance over {$23000.00} on credit reports, causing significant negative impact on my credit score.

Company Response:

State: NY

Zip: 11791

Submitted Via: Web

Date Sent: 2022-11-16

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6204384

Date Received: 2022-11-14

Issue: Closing an account

Subissue: Funds not received from closed account

Consumer Complaint: On XX/XX/XXXX, I deposited {$100000.00} into Bread Financial to start a new account. On XX/XX/XXXX, I attempted to access the account online. I could not do so. I called customer service and worked for approximately 1.5 hours on attempting to access the account and could not gain access. The rep stated " well, just try tomorrow ''. After ending the call, I felt very uncomfortable. I called customer service again and requested that the account be closed and the money refunded to the originating account. The rep stated that would happen in 3-5 days. On XX/XX/XXXX, the account was still not closed nor the money refunded. That day, I received a letter from Bread stated my account had been suspended and to get into my account, I would need to provide government ID, a bank statement from the originating bank, and my social security card. I submitted those items on XX/XX/XXXX and requested an immediate refund of my deposit to the originating account. I also spoke to a rep that day who again stated that the money would be refunded in XXXX business days. On XX/XX/XXXX I still did not have my money. I again called Bread. I spoke to 3 different representatives in Account Protection. " XXXX '' told me that all deposits are held for 30 days and I would get my money on XX/XX/XXXX. I stated I had no documentation stating that is the case and I wanted my money today. She passed me to XXXX who stated that the " executives '' needed time to do an account review and that is why my account has not been closed and my money returned to my originating account. She stated there is a transfer in the system for XX/XX/XXXX. I then called again and spoke to " XXXX '' who again stated the money would be transferred on Monday XX/XX/XXXX and to call at XXXX am if the money did not show up in the originating account. On Monday, XX/XX/XXXX, the money was not in my originating account. I called and again spoke to XXXX. She stated the account is in the process of being closed and I should have the money by Thursday. I asked to speak to somebody up the chain and she stated there was nobody else with whom to speak. I have no idea how you get from " transfer is scheduled '' to " account being closed ''. I have no idea why the money is being held-now for over 30 days. I have no confidence that my money will be in my account any time soon. I get multiple stories when I call about the situation and I feel as if Bread has stolen {$100000.00} from me and feel quite powerless to get any information.

Company Response:

State: VA

Zip: 226XX

Submitted Via: Web

Date Sent: 2022-12-06

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6203885

Date Received: 2022-11-14

Issue: Problem with a purchase shown on your statement

Subissue: Overcharged for something you did purchase with the card

Consumer Complaint: I had a XXXX card that was serviced by XXXX XXXX XXXX XXXXXXXX. Then my account was sold to some scam bank called Comenity. Right when the takeover was happening I made a {$5300.00} charge for auto repair. This XXXX XXXX is charging me TWICE for {$5300.00}, charging me interest also. I have tried calling multiple times and after about a half hour holding, the call disconnects saying that the number doesn't exist??? I have tried to write them to no avail. I can not believe what is happening and I hope I have some recourse. Thanks, XXXX

Company Response:

State: OH

Zip: 44310

Submitted Via: Web

Date Sent: 2022-11-14

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6203774

Date Received: 2022-11-14

Issue: Fees or interest

Subissue: Problem with fees

Consumer Complaint: Today, XX/XX/2022, I called Commenity Bank related to a Victorias Secret Card that has been closed, cancelled. This bank is charging a {$2.00} monthly fee that increases to more than {$30.00} of penalty. I called the bank, the person in charge called XXXX ( he did not want to forward a surname ) started babbling about the late fee for a card with XXXX transactions. He stated that the those are fees being paid late, perhaps, for XXXX XXXX I can not go on paying money for purchases not made and this people are capable of ruining my credit score. This is thievery to the highest scale.

Company Response:

State: PR

Zip: 00926

Submitted Via: Web

Date Sent: 2022-11-14

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Select another page to read more about how -real people- receive -real harm- from these banks, credit bureaus, and others.