What is Home Depot CBNA?
Home Depot CBNA is a credit report code that stands for Home Depot Citibank North America.
Home Depot CBNA or THD/CBNA may be on your credit report as a hard inquiry. This usually happens when you apply for the Home Depot consumer credit card issued by Citibank.
What is a hard inquiry?
A hard inquiry occurs any time you apply for new credit and the lender or creditor runs a credit check. It can be for a mortgage, apartment, car loan, credit card, insurance policy, cell phone, and sometimes even a job application.
Hard inquiries will typically only drop your credit score by a few points. However, if you have too many, especially in a short period of time, they can really start to add up and do some damage.
What is a soft inquiry?
A soft inquiry typically occurs when a company checks your credit history as part of a background check. It can also happen when a credit card issuer or lender checks your credit to prequalify you for an offer. Sometimes a soft inquiry might even be pulled by an existing creditor just checking on your current credit situation.
Soft inquiries do not have an impact on your credit scores.
How long do hard inquiries stay on your credit report?
Whether you get approved for the Home Depot credit card makes no difference. The hard inquiry will remain on your credit report for up to 2 years. Each time you make an inquiry, it is recorded by one or all of the three major credit bureaus: Equifax, Experian, and TransUnion.
If you don’t recognize the inquiry, or you are sure you didn’t make the inquiry, contact Citi and ask them why an inquiry was made. The creditor’s name should be listed under the hard inquiry section on your credit report.
Why should I remove Home Depot CBNA from my credit report?
If Home Depot CBNA is listed on your credit file, it can hurt your ability to get approved for credit or loans in the future. Additionally, it can result in higher interest rates and less favorable loan terms, which can cost you more money in the long run.
How can I remove Home Depot CBNA?
Lexington Law specializes in removing inquiries and other negative marks on your credit report. With more than 18 years of experience, they achieved over 6 million removals for their clients in 2021 alone.
They can also help you dispute (and possibly remove) the following items:
- late payments
- charge offs
Get Your Inquiries Removed Today!
If you’re struggling with bad credit and want to learn more, consider a free credit consultation with Lexington Law.
They have helped many people in your situation. Give them a call at (800) 220-0084 to see what they can do for you.
Here’s a list of some of the nation’s most common credit inquiries.
- CB INDIGO
- Citicards CBNA
- Comenity Bank/ATYLRLMC
- CoreLogic Credco
- CRDT First
- Credco Inquiry
- Credit Plus
- Elan Financial Services
- Equifax Mortgage Services
- Factual Data
- JPMCB Card Services
- MABT CONTFIN
- SYNCB AEVISA
- SYNCB/Amazon PLCC
- SYNCB/Ameg D
- SYNCB/TJX CO DC
- SYW MC/CBNA
- TD Bank Target
- TU Interactive
- Webbank Fingerhut
- WF Bank NA