What is Universal CD CBNA?
Universal CD CBNA is a credit report code representing AT&T Universal Card/Citibank North America. If you see this code on your credit report, it’s likely due to a hard inquiry resulting from your application for the AT&T Universal Savings Platinum Credit Card.
Hard Inquiries vs. Soft Inquiries: What’s the Difference?
The Effects of Hard Inquiries
A hard inquiry occurs when a lender or creditor checks your credit as part of their decision-making process for granting credit. Common examples include applying for a mortgage, apartment, car loan, credit card, insurance policy, cell phone, or job. Hard inquiries can lower your credit score by a few points. Accumulating too many hard inquiries in a short time can cause significant damage to your credit score.
The Non-Impact of Soft Inquiries
A soft inquiry usually happens when a company checks your credit as part of a background check, or when a credit card issuer or lender prequalifies you for an offer. Existing creditors may also initiate soft inquiries to monitor your credit situation. Unlike hard inquiries, soft inquiries do not affect your credit scores.
How long do hard inquiries stay on your credit report?
Regardless of whether you’re approved for the AT&T Universal credit card, the hard inquiry will remain on your credit report for up to two years. Each inquiry is recorded by one or all of the three major credit reporting agencies: Equifax, Experian, and TransUnion.
Dealing with Unauthorized Inquiries
If you don’t recognize the inquiry or are certain you didn’t initiate it, contact Citibank and inquire about the reason for the hard inquiry. The creditor’s name should be listed in the hard inquiry section of your credit report.
Removing Universal CD CBNA from Your Credit Report
Credit Saint specializes in removing inquiries and other negative marks from your credit report. They can also help you dispute and potentially remove items such as:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Take Action to Remove Inquiries and Improve Your Credit
If you’re facing challenges with poor credit, consider a free credit consultation with Credit Saint. They have helped many people in similar situations improve their credit scores.
To get started, visit their website and fill out the form to see what they can do for you. By taking action now, you can work towards a healthier financial future with a stronger credit score.
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