Episode 897 • • 2:24:53 - 2:28:58
897: Douchebag Disneyland
Credit Score Volatility, Comenity Bank and Pier 1
A host describes a sudden 90-point drop in their credit score caused by Comenity Bank's acquisition of Pier 1 credit accounts from Chase. The "unintended consequence of technology" resulted in old accounts appearing as new openings, negatively impacting credit ratings for many consumers.