What is Comenity Bank/Vctrssec?
Comenity Bank/Vctrssec is a credit report code that stands for Comenity Bank/Victoria’s Secret.
You may see Comenity Bank/Vctrssec on your credit report as a hard inquiry. This usually happens when you apply for a Victoria’s Secret credit card issued by Comenity Bank.
The Victoria’s Secret credit card allows you to earn reward points, which you can then redeem for merchandise at the store. It also comes with other exclusive benefits like free shipping on every $50+ purchase and a birthday gift.
How Hard Inquiries Affect Your Credit Score
A hard inquiry takes place when you apply for new credit, and the lender or creditor performs a credit check. Examples of instances when hard inquiries occur include applying for a mortgage, apartment, car loan, credit card, insurance policy, or even a job application. Although hard inquiries typically only drop your credit score by a few points, having too many in a short period can cause significant damage to your credit score.
Soft Inquiries: A Gentler Approach to Credit Checks
On the other hand, a soft inquiry typically occurs when a company checks your credit history as part of a background check, or when a credit card issuer or lender prequalifies you for an offer. Soft inquiries may also be pulled by an existing creditor to check on your current credit situation. Unlike hard inquiries, soft inquiries do not impact your credit scores.
How long do hard inquiries stay on your credit report?
Regardless of whether you are approved for the Victoria’s Secret credit card, the hard inquiry will stay on your credit report for up to 2 years. Each inquiry is recorded by one or all of the three major credit reporting agencies: Equifax, Experian, and TransUnion.
Dealing with Unauthorized Inquiries
If you find an inquiry on your credit report that you don’t recognize or didn’t authorize, contact Comenity Bank and inquire about the reason for the inquiry. The creditor’s name should be listed under the hard inquiry section on your credit report.
Removing Comenity Bank/Vctrssec from Your Credit Report
Credit Saint is a company specializing in removing inquiries and other inaccurate, negative marks from your credit report. They can help you dispute and possibly remove various items, including:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Take Action to Improve Your Credit
If you’re struggling with bad credit and would like assistance, consider a free credit consultation with Credit Saint. They have helped many people in similar situations improve their credit scores. Visit their website and fill out the form to learn more about how they can help you achieve better credit.
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