Have you applied for a Home Depot credit card, loan, or credit account? In this case, Home Depot CBNA may have a tough request about your report.
Whenever you apply for financing, you can expect a tough credit check.
Unfortunately, sometimes tough requests occur without your consent as errors and identity theft are reported.
Home Depot CBNA on my credit report
Home Depot CBNA is the Home Depot Citibank North America credit report code.
When you apply for a card or loan with The Home Depot, you are actually applying to Citibank.
Citi is a massive provider of credit cards and consumer accounts. They work with The Home Depot and dozens of other popular companies.
Your report might include a hard request from Home Depot CBNA. It appears when you apply for any of the following products:
- Credit card
- Commercial revolving charge card
- Trading account
- Project loan
Even if you haven’t applied for a card, account, or loan for yourself, if you agree to authorize someone else’s account, your balance can be subject to a tough inquiry.
If you are overwhelmed with handling negative entries on your credit report,
We encourage you to seek help from a professional credit repair company.
Ask Lex Law for help
How do hard requests work?
With credit checks, potential lenders, banks, employers and landlords can view your credit reports.
Your credit report can paint an accurate picture of how you’ve used credit in the past, and this is a good indicator of how you might use it in the future.
Your score and various components of your credit report can play an important role in determining whether or not you will be approved.
There are basically two types of credit requests: soft and hard credit requests.
The former happens when you check your score, qualify for funding, and in some cases apply for a new home or job.
This type of request has virtually no impact on your balance, leaves your score untouched, and stays off your report.
Hard inquiries are a bit more extensive. They give creditors access to your full credit reports and are required every time you apply for funding.
A hard query should only reduce your score by a few points. But it will stay in your report for 2 years.
Depending on how many reports a lender includes in their approval process, some or all of your credit reports may be affected.
While loan applications can be expected on your report, be careful not to submit too many applications. Multiple inquiries can cause your score and credibility to be seriously affected.
Before applying for a credit card in the future, take a second to review the approval requirements.
How to get Home Depot CBNA removed from your credit report
It can be uncomfortable if your credit score drops by a few points. However, tough inquiries are natural when applying for a new credit.
Hence, you are unlikely to be able to get a legitimate hard request from your report.
However, if you have not applied for funding from The Home Depot, or if you agree to be an authorized user, you have the right to have the entry deleted from your report.
Mysterious hard requests can sometimes be the result of mistakes, but they can also be a sign of identity theft.
Either way, read on to see how to get a hard query from your report.
Filing a dispute with Citi and its offices
The Fair Credit Reporting Act protects you from inaccurate or fraudulent reporting problems and allows you to contest questionable entries on your report.
When you file a dispute with a credit bureau, they have 30 days to investigate your claim. If the bureau determines that the request in your report is incorrect, it should be deleted immediately.
In addition to contacting the offices, it can also be helpful to contact Citibank as this is the original source of the request.
The bank can provide you with relevant details about the application and the request that may be critical to the removal of the application.
In addition to clearing the request, you may also want to freeze your reports and set off a fraud alert to prevent the identity thief from doing further harm.
Quick tip: Sign up for a free credit monitoring app to stay up to date on changes to your balance. Receive personal advice on how to improve your balance, as well as frequent point updates and account warnings.
You should also check your credit report every year as you can get a free copy from annualcreditreport.com.
Get a free copy of your credit report here >>
Pay for the loan repair
Dealing with a tough request might not be the most daunting task. However, if this is only one element of your credit problems, it may be time to seek advice from the experts.
Credit repair companies are trained to quickly identify the issues that are affecting your credit score and come up with a plan to improve them.
This includes working with credit bureaus and banks like Citibank if they report inaccurately.
Additionally, they can be an important benefit in tackling more protracted credit problems, such as:
If you are feeling overwhelmed by the prospect of your credit improvement, take a look at what the best credit repair companies have to offer.
The level of customer service and quality results you get could be worth the money.
Dealing with Home Depot CBNA
You should always take a closer look at incoming inquiries and other entries that are added to your credit report.
If you don’t remember ever agreeing to a tough request from The Home Depot, removing it from your credit report should be a simple process.
However, if you have applied for a card or credit account at the popular retailer, then there is nothing to worry about.
A hard query is only a small part of your credit score and won’t even be on your report in two years.
If you want to improve your score, try to use your balance wisely. That means you will get your payments on time, keep your credit usage low, and use a variety of credit accounts responsibly.