What does COMENITY BANK/TORRID mean on my credit report?
Is COMENITY BANK/TORRID making an impact on your credit score?
What is COMENITY BANK/TORRID?
COMENITY BANK/TORRID is shorthand for
Torrid credit card, with the company name being
Torrid credit card Inc
COMENITY BANK/TORRID is a
Bank provider. They could be on your report for a number of reasons, for example:
⚫ You missed a repayment.
⚫ You opened an account with Torrid credit card.
⚫ You opened a credit card / loan / mortgage with this company.
⚫ Someone fraudulently opened a credit line under your name.
About the account
⚫ The average account balance is $100.
⚫ The average high credit balance is $600.
⚫ The average credit limit is $600.
⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
- ⚫ Charge Account
How do I contact them?
Here is the current contact details for Torrid credit card:
- PO Box 182273 Columbus, OH 43218-2273
The recent amendments to Regulation D are not temporary; they are permanent. The amendments allow for customers to have more convenient access to their funds and simplify account administration for depository institutions. There are no penalties for late or missed payments associated with Regulation D. Prepaid debit cards are permitted under the new Regulations D as long as they meet the requirements set forth in $204.2(d)(1). Consumers can make payments using a wire transfer as a result of amendments to Regulation D.
|Do they offer a monthly payment plan?||No|
|Can I make payments over the phone?||Yes|
|Can I make payments online?||Yes|
|Do they offer a discount for automatic payments?||No|
|Can I make a payment using a mobile app?||Yes|
|Can I make a payment using a prepaid debit card?||Yes|
|Can I make a payment using a wire transfer?||Yes|
Forgiveness and Cancellation
the recent amendments to Regulation D are temporary. They do not offer loan forgiveness or consolidation. The amendments are also not permanent.
|Do they offer loan forgiveness?||No|
|Do they offer loan consolidation?||No|
How to Apply
consumers may apply for a loan online as the recent amendments to Regulation D are intended to allow depository institution customers more convenient access to their funds. you cannot apply for a loan over a phone call. The recent amendments to Regulation D are temporary, not permanent. This means that you also cannot apply for a loan through a mobile app. You may, however, be able to apply for a loan with a cosigner.
|Can I apply for a loan online?||Yes|
|Can I apply for a loan over a phone call?||No|
|Can I apply for a loan in person?||No|
|Can I apply for a loan using a mobile app?||No|
|Can I apply for a loan with a cosigner?||No|
IdentityIQ Report Example
- This is an example of what this creditor will look like on your IdentityIQ report.
Will this affect my credit score?
Whether this account affects your credit score depends on a variety of factors, such as:
- Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
- Derogatory Markings: If this account has any derogatory markings such as:
Lates, Charge Offs, Collections and others.
However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:
- Account Age: If your account is quite old, then the age of it will positively impact your credit score
- Repayment History: If the account has no
Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.
Can it be removed from my credit report?
Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.
However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.
What is a Bank
A bank is an institution where money is kept for saving or commercial purposes. They are able to offer Loans and Mortgages which means they have the ability to report on your credit. Banks are generally felt as untrustworthy (30% confidence rating in the USA) by the general public. Banks can make mistakes on your credit report which may lower your credit score, potentially damaging your credit report and costing you money.
How do I remove COMENITY BANK/TORRID from my credit report?
You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.