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: 5623130

Date Received: 2022-06-01

Issue: Other features, terms, or problems

Subissue: Other problem

Consumer Complaint: I had Comenity Bank for years and went through tough times. I had a few late payments and missed payments. Most of the time they were accidental late or missed payments because of the amount of cards I had with them and confused the due dates of those cards.My main issue is that they would penalize me for paying down their store cards and it would cause my credit to get worse and they reported a late payment that was caused by their system even though they wouldnt report unless its more than two missed payments in a row. They would constantly lower my credit limit to the current balance after making a large payment or sometimes even lower than the current balance putting me at 100 % or over my credit limit. I asked many times why would they do that if they claim to help with credit and they would always say its based on my credit reports. The issue is that if they are basing their info on the credit reports and they are also drastically lowering my limit after large payments causing those 100 % or over the limit reporting. That would just continue the cycle of keeping my report in a negative status and penalizing me for the negative status that they caused ; by drastically lowering my limit even though, I made a large payment to try to lower my balance and utilization rate. They would even have reasons for lowering it due to high credit usage or balance which they caused. If they didnt lowering the credit limit causing close to 100 % usuage, they would just close the account after you paid it in full. Which again doesnt help anyone whos trying to rebuild their credit since now the credit availability is lower. One of the last straws was the payment system selecting the wrong account causing a late payment on my Lane Bryant store card. They also never reported a payment late if less than 2 months late as long as you make a paymentat least a week before the next due date. It dropped my score XXXX points and even the representative seen the mistake but was not able to do anything about it. I fixed the error as soon as I realized the mistake. It was caused when I changed the amount that I was paying online and it automatically defaulted to the wrong bank account instead of the one that I already had selected in progress.You can review current and future payments. You can edit each payment and I selected to change payment amount of the payment that I already processed. I didnt change the bank, the date, or start the process over. Because of the error, It caused a late fee which the representative immediately recognized the error. This error resulting in a drop in credit score. Because of their practices with lowering my credit limit and increasing my utilization rates. I had to close the last remaing accounts. I was even scared to make larger payments or it it in full because I didnt want them to lower my credit, cause an overage, or close the account after I paid in full.

Company Response:

State: GA

Zip: 30518

Submitted Via: Web

Date Sent: 2022-06-01

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5622963

Date Received: 2022-06-01

Issue: Fees or interest

Subissue: Problem with fees

Consumer Complaint: On XX/XX/XXXX I made a purchase of {$290.00} at XXXX and agreed to a promotional payment offer made by Comenity bank. The offer was XXXX interest if paid in full by XX/XX/XXXX. I made payments each month in a timely fashion, and they cashed each check I sent, however they failed to post 2 of the checks to my account. I caught the 1st missing payment on Sunday XXXX. I immediately called and messaged to them on their website with copies of the check. On XX/XX/XXXX I caught yet another check that they cashed and had not credited to me. Once again I called and sent a message to them. I was advised by a customer rep on the phone that I would have to pay the amount again ( basically overpay my account ) for the missing payments while they research the problem so as to not get hit with the accrued promotional interest. I did this on XX/XX/XXXX. I checked my account balance on XX/XX/XXXX and it was XXXX. They then proceeded to bill me {$26.00} for accrued interest. (?? ) They have since credited my account for the missing checks but not the XXXX in interest. I paid this so as to not have my credit score hit, but here I wait to get it back all I hear is crickets from Comenity. Hoping you can intercede and get this money back. This is not a lot of money. But this is stealing. This company needs to held accountable.

Company Response:

State: MA

Zip: 013XX

Submitted Via: Web

Date Sent: 2022-06-01

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5621289

Date Received: 2022-06-01

Issue: Incorrect information on your report

Subissue: Account information incorrect

Consumer Complaint: Comenity Bank, store credit cards for Forever 21 and the XXXX. Reporting incorrect balances and history of cards. My cards were in perfect credit in 2018 until I had made purchases online at both stores that didn't fit, so I returned them to the store for credit-they never applied the credits. I contacted them, they said it would be corrected, but it wasn't after three months, so I closed both accounts. They continued adding " late charges '' on even after I closed them. Now Commenity sold the accounts to " XXXX XXXX XXXX '' who sends mail and calls constantly with different addresses and telephone numbers trying to harrass me into paying them and threatening to go court. This is affecting my credit report with incorrect information. I will never do business with any of those businesses again.

Company Response:

State: MO

Zip: 65803

Submitted Via: Web

Date Sent: 2022-06-16

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5619967

Date Received: 2022-05-31

Issue: Incorrect information on your report

Subissue: Account status incorrect

Consumer Complaint: Comenity Bank is in violation of Fair Debt Collection Practices Act section 809 ( a ) and section 809 ( b ). They are also in violation of the Federal Credit Reporting Act sect 623 ( a ) ( 3 ). As well as NC. GENERAL.STATUTE.58-70-50 that requires a collection agency place its permit number, true name and address to all correspondence sent to the debtor. They have failed to do what is prescribed by law in the Federal and State laws mentioned above. If they do not remove the negative items being incorrectly reported under my social security number on my XXXX, XXXX, and XXXX credit reports I will use all legal remedies that are alotted to me per Federal law and Local State law.

Company Response:

State: NC

Zip: 27106

Submitted Via: Web

Date Sent: 2022-05-31

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5619727

Date Received: 2022-05-31

Issue: Problem when making payments

Subissue: Problem during payment process

Consumer Complaint: Comenity XXXX Credit Card. I never received my store credit card, account number, and information in the mail after applying and using it in the store. I called the number from the website to inquire on how to pay the balance and set up my online account, but was not able to reach a representative multiple times. I tried to pay over the phone, but the automated phone service required an account number. I finally reached a representative who processed my payment and assured me that it went through. I went out of the country for a family emergency for the next month, and was not notified that the payment had not processed and was considered late. I paid the balance immediately upon my return, but they would not remove the 30 day late mark on my credit report.

Company Response:

State: CA

Zip: 95051

Submitted Via: Web

Date Sent: 2022-05-31

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5619722

Date Received: 2022-05-31

Issue: Getting a credit card

Subissue: Delay in processing application

Consumer Complaint: On XX/XX/XXXX, I received a letter from a credit card company for a card I never applied for from Comenity Bank. I called the number listed on the letter to tell the company I hadnt applied for the card. The number was XXXX. I verified some information on the phone. The woman on the phone said I was a victim of identify theft and said they would report the incident to the credit bureau. I am now unsure if the letter was legitimate or if was to get my information.

Company Response:

State: IL

Zip: 60901

Submitted Via: Web

Date Sent: 2022-05-31

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5618877

Date Received: 2022-05-31

Issue: Trouble using your card

Subissue: Can't use card to make purchases

Consumer Complaint: COMENITY BANK CONTINUES TO REAK HAVOC ON ALL OF MY CREDIT CARDS THAT HAVE BEEN ISSUED AND OR BOUGHT BY THEM. THE LATEST CARD IS MY XXXX XXXX STATING IT REVEALED POTENTIAL CONCERNS AND OR IRREGULAR CREDIT CARD TRANSACTIONS. REAL COMENITY THE ACCOUNT HAS BEEN PAID IN FULL FOR MONTHS/YEARS WITH A A+++++ PAYMENT HISTORY. I DO NOT UNDERSTAND WHY YOU ARE DOING THIS TO ME AND ALL OF MY ACCOUNTS IT DOES NOT TAKE A GENEROUS TO SEE THERE ARE NO IRREGULAR CHARGES ON THESE ACCOUNTS AND MY ACCOUNTS DO NOT POSE ANY CONCERNS. WHY IS IT YOU SINGLE OUT ANOTHER ACCOUNT OF MINE AFTER YOU HAVE RECEIVED MY COMPLAINT THROUGH CFPB???? I AM TAKING YOUR ACTIONS AS RETALIATING FOR YOU ALSO DID IT TO ANOTHER ACCOUNT OF MINE PRIOR TO XXXX XXXX.

Company Response:

State: FL

Zip: 344XX

Submitted Via: Web

Date Sent: 2022-05-31

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5618514

Date Received: 2022-05-27

Issue: Problem with a credit reporting company's investigation into an existing problem

Subissue: Their investigation did not fix an error on your report

Consumer Complaint: " I am a victim of identity theft. Due to the Corona Virus Pandemic, we are all facing which has me sitting still at home and I saw the recent news about the multiple XXXX XXXX breaches. I decided to look at my credit reports from the 3 major credit bureaus and found that someone had used my Identity. I have no idea how the theft took place. I also have no knowledge of any suspects. I did not receive any money, goods, or services as a result of identity theft. I contacted the Credit Bureau and told me to file an Identity Theft Report which I am doing. I appreciate your effort in getting this matter resolved. Thank you. Please let me know if you need any other information from me to block this information from my credit report. Thank you. "

Company Response:

State: MD

Zip: 21207

Submitted Via: Web

Date Sent: 2022-05-27

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5618269

Date Received: 2022-05-27

Issue: Attempts to collect debt not owed

Subissue: Debt is not yours

Consumer Complaint: The company XXXX XXXX XXXX represented commentity bank/victoria secret and this account was dissmissed making me no long responsible for this account see attached.

Company Response:

State: FL

Zip: XXXXX

Submitted Via: Web

Date Sent: 2022-05-27

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 5617887

Date Received: 2022-05-31

Issue: Communication tactics

Subissue: Frequent or repeated calls

Consumer Complaint: To Whom It May Concern, I am contacting you because I am being harassed by Comenity Bank. I have been getting calls after hours and they have Twice now called my father 's phone to try to talk to me! I have never given my father 's cell phone number or his house phone number to this bank, so how did they get these numbers? And it is ILLEGAL to call My father 's house and cell phone to try to locate me and in doing so it creates a breach of contract with me. I know so because it states this with the Fair Debt Collection Practice Act. I am getting calls before XXXX XXXX in the morning and calls up until XXXX almost XXXX at night from this bank and that is clear harassment. They are not allowed to call me before or after hours. This has been going on for a few months now the harassment.

Company Response:

State: MI

Zip: 487XX

Submitted Via: Web

Date Sent: 2022-05-31

Company Response to Consumer: Closed with non-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.