What does COMENITYCB/PIERCINGPGD mean on my credit report?

Updated January 1, 2023

What is COMENITYCB/PIERCINGPGD?

COMENITYCB/PIERCINGPGD is shorthand for Banter Credit Card, with the company name being Banter Credit Card Inc

COMENITYCB/PIERCINGPGD is a Creditor provider. They could be on your report for a number of reasons, for example:

• ⚫ You missed a repayment.

• ⚫ You opened an account with Banter 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 high credit balance is $100.

• ⚫ The average credit limit is $1100.

The account is classified under the following METRO2 categories:

• ⚫ Charge Account

How do I contact them?

Here is the current contact details for Banter Credit Card:

Address:

• PO Box 182273 Columbus, OH 43218-2273

Website:

• d.comenity.net

Phone:

• 888-245-4064

Payments

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.

Question	Answer
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.

Question	Answer
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.

Question	Answer
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.

How do I remove COMENITYCB/PIERCINGPGD 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.

• Sample Equifax Dispute Letter
• Sample Experian Dispute Letter
• Sample TransUnion Dispute Letter