What is FIA CSNA?
FIA CSNA, or Financial Institute of America – Credit Services North America, is a subsidiary of Bank of America Corporation (BAC) that deals with credit card services. It originated as MBNA (Maryland Bank, N.A), a subsidiary of Maryland National Bank, and later merged with Bank of America.
FIA Card Services is responsible for managing various credit card accounts, and you might come across it on your credit report.
The Impact of FIA CSNA on Your Credit Report
FIA Card Services, N.A. or FIA CSNA may be on your credit report as a hard inquiry if it’s listed under ‘Inquiries’. This happens when you apply for a personal or business credit card with Bank of America.
If FIA CSNA is listed under ‘Collections’, then it’s a collection account which means you probably defaulted on a Bank of America credit card.
Dealing with Hard Inquiries on Your Credit Report
While a single hard inquiry might only cause your credit score to drop by a few points, accumulating several inquiries in a short period can cause more significant damage. It’s essential to understand the implications of hard inquiries and how to manage them.
How long do hard inquiries stay on your credit report?
Hard inquiries can stay on your credit report for up to two years. They are recorded by one or all of the three major credit reporting agencies: Equifax, Experian, and TransUnion. Over time, the impact of these inquiries on your credit score will diminish, but it’s crucial to be cautious about the number of inquiries you accumulate.
What to Do About Unauthorized Inquiries
If you come across a hard inquiry on your credit report that you don’t recognize or didn’t authorize, take action immediately. Contact the creditor listed on the report and inquire about the reason for the inquiry. You may need to file a dispute to have the inquiry removed from your report.
Removing FIA Card Services from Your Credit Report
If you’re struggling with negative marks on your credit report, such as inquiries, late payments, collections, charge-offs, foreclosures, repossessions, or bankruptcies, consider seeking professional help.
Lexington Law is a reputable firm specializing in credit repair and has over 18 years of experience. In 2021 alone, they managed to remove over 6 million negative items from their clients’ credit reports.
Take Control of Your Credit Today
Don’t let bad credit hold you back. Lexington Law offers free credit consultations to help you better understand your situation and develop a plan to improve your credit score. Visit their website and fill out the form to see what they can do for you.
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