What is THD/CBNA?
THD/CBNA is a credit report code that stands for The Home Depot/Citibank North America.
You may see THD/CBNA on your credit report as a hard inquiry. It also may appear as ‘CBNA/THD’. This usually happens when you apply for a Home Depot credit card issued by Citi.
Citibank offers three THD retail credit cards: The Home Depot Commercial Account, The Home Depot Consumer Credit Cards, and The Home Depot Commercial Revolving Charge Card.
What is a hard inquiry?
A hard credit 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 occurs when a creditor checks your credit history without your permission. This could be a lender with whom you’ve talked to for a pre-approval quote but haven’t actually applied for a loan. Sometimes a soft inquiry might even be pulled by an existing credit card issuer 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 or not 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 an inquiry is made, it is recorded by one or all of the three major credit bureaus – Equifax, Experian, and TransUnion.
If you don’t recognize the THD/CBNA inquiry or you are sure you didn’t make the inquiry, contact Citibank North America and ask them why an inquiry was made. The creditor’s name should be listed under the hard inquiry section on your credit report. You can also dispute the inquiry with each credit bureau reporting it.
Can THD/CBNA be removed from my credit report?
Lexington Law specializes in removing inquiries and other negative marks on your credit report. They have over 18 years of experience and have removed over 7 million negative items for their clients in 2020 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 looking for a reputable credit repair company to help you repair your credit, we highly recommend Lexington Law.
Call them at (800) 220-0084 for a free credit consultation. Paralegals are standing by waiting to take your call.