How to Remove THD/CBNA From Your Credit Report

Is THD/CBNA hurting your credit score?

Lexington Law Firm has successfully assisted millions of clients in removing inaccurate and questionable credit inquiries from their credit reports.

What is THD/CBNA?

You might be wondering what THD/CBNA stands for when you come across this abbreviation on your credit report. Simply put, THD/CBNA represents The Home Depot/Citibank North America.

The Home Depot, a leading home improvement retailer, has joined forces with Citibank to provide credit cards for customers to use at their stores. This collaboration enables customers to finance their purchases and benefit from promotional offers.

Citibank offers three main THD retail credit cards: The Home Depot Commercial Account, The Home Depot Consumer Credit Card, and The Home Depot Commercial Revolving Charge Card.

Reasons THD/CBNA Appears on Your Credit Report

THD/CBNA or CBNA/THD might show up on your credit report for several reasons. One of the most common is a hard inquiry resulting from an application for a Home Depot credit card issued by Citi.

A hard inquiry is when a financial institution requests to review your credit history, which can temporarily lower your credit score. This is a standard procedure when applying for any credit card, and the notation on your credit report helps you and other financial institutions identify the source of the inquiry.

Besides hard inquiries, THD/CBNA could also appear on your credit report if you have an open Home Depot credit card account. In this scenario, the notation would include information about the account, such as the balance, payment history, and credit limit.

Hard Inquiries vs. Soft Inquiries

Hard Inquiries Explained

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, or 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, they can accumulate and cause significant damage.

Soft Inquiries Explained

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 credit card issuer just checking on your current credit situation. Soft inquiries do not impact your credit scores.

How long do hard inquiries stay on your credit report?

Regardless of whether your Home Depot credit card application is approved, the hard inquiry will stay on your credit report. Typically, hard inquiries remain on your report for up to 2 years. Every time an inquiry is made, it is documented by one or more of the three major credit bureaus: Equifax, Experian, and TransUnion.

Dealing with Unauthorized Inquiries

If you don’t recognize the THD/CBNA inquiry or 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?

Credit repair companies, such as Lexington Law, specialize in disputing and potentially removing inquiries and other negative marks on your credit report. With over 18 years of experience, they have successfully achieved over 6 million removals for their clients in 2021 alone.

In addition to inquiries, they can help you dispute the following items:

  • late payments
  • collections
  • charge offs
  • foreclosures
  • repossessions
  • bankruptcies

Take Control of Your Credit with Professional Help

If you’re searching for a trustworthy credit repair company to assist you in improving your credit, Lexington Law could be the right choice for you.

They have experience helping individuals in situations similar to yours. To learn more about their services and how they can help you, visit their website and complete the online form.

Ready to Raise Your Credit Score?

Some clients have raised their credit scores
by 100 points* or more.

[*] Results are not typical or guaranteed.