Curious about an entry for AMEX/DSNB on your credit report?
If you applied for an American Express or store card from Macy’s or Bloomingdale’s, you have no reason to worry.
A hard inquiry is simply a lender’s way of checking your credit report to decide whether or not to approve your application.
A hard credit check isn’t likely to do too much damage to your credit report. But combined with other inquiries, it can affect your score more severely.
In the guide below, we’ll break down how hard credit inquiries work and discuss a few strategies for getting an inquiry removed from your report.
What Is AMEX/DSNB On My Credit Report?
AMEX/DSNB represents American Express/Department Stores National Bank.
Department Stores National Bank issues credit cards for Bloomingdale’s and Macy’s.
DSNB issues two types of cards in partnership with these retailers:
- American Express cards
- In-store only cards
AMEX DSNB can show up on your report if you’ve applied for one of these cards in the last two years, but also if you’ve been added to someone else’s account as an authorized user.
How Do Hard Inquiries Work?
When you compare quotes, get pre-qualified for a card offer, or check your credit score online, your credit undergoes a soft inquiry.
A soft inquiry doesn’t necessarily go on your report or lower your credit score.
Once you move on from comparing offers to actually applying for a card or loan, your credit report(s) will undergo a hard inquiry.
This type of inquiry is more exhaustive and gives your prospective lender access to your entire credit report.
That information helps lenders to assess how responsible of a borrower you are, often serving as the main determining factor in whether or not your application gets approved.
In addition to lenders, prospective employees often obtain your credit report as a part of their screening process, as do landlords and rental property management teams.
Companies may request access to your TransUnion, Experian, or Equifax reports, meaning all three of these scores could be impacted by your application.
A hard inquiry will stay on your report for two years and may result in a slight hit to your score.
If you have several inquiries and other negative entries, the impact could be worse.
To reduce the impact on your score, you should limit your credit card and loan applications.
Do your research beforehand and only apply for cards you’re likely to get approved for based on your credit history.
Additionally, if you’re applying for a particular type of loan, like a mortgage, submit all your applications within a 14-day window.
Learn More: Soft vs. Hard Inquiries
How to Remove AMEX DSNB from Your Credit Report
Is there an inquiry from AMEX/DSNB on your report, even though you didn’t apply for a card?
If that’s the case, you should be able to get a hard inquiry deleted from your report.
Here are two strategies for getting it removed.
Dispute the Inquiry
There’s no reason to let a hard inquiry lower your score if you didn’t apply for a credit card.
An unsolicited hard inquiry could be a sign of identity fraud, putting all of your finances in danger.
That’s why it’s crucial to act quickly to dispute any inaccuracies you come across on your report.
Once an entry shows up on your report, you have 30 days to dispute it.
You can dispute an entry with the company named, in this case, DSNB, or with the credit bureaus.
You have three options for disputing an entry with the bureaus:
- Over the phone
- By mail
Sending a letter via certified mail provides you with the most concrete documentation, but the other methods will work, too.
If the bureaus determine that the entry is illegitimate, it will be removed from your report.
The key to getting an entry deleted is moving quickly. A free credit monitoring service can be an invaluable asset, alerting you to changes to your report.
You should also take advantage of annualcreditreport.com, which gives you a free copy of your credit report each year.
Use a Credit Repair Company
Want to leave disputing errors and cleaning up your credit to the pros?
If so, there are several top-notch credit repair companies that can help with all of your credit problems.
They’ll come up with a comprehensive plan to help you improve multiple aspects of your credit score.
That includes disputing fraudulent inquiries with companies and credit bureaus.
They can save you a ton of time and eliminate the hassle of confronting the bureaus yourself.
They can also assist you with more complicated credit problems, such as:
These companies offer multiple levels of service so you can pick one that fits your budget and the level of assistance you need.
Getting AMEX/DSNB off Your Credit Report
If you applied for a Bloomingdale’s or Macy’s card or were added as an authorized user to a friend or relative’s account, there’s no need for concern.
A hard inquiry may have a small impact on your score, but it’s a routine part of applying for new credit.
However, if you didn’t apply for a card or give someone permission to add you to their account, it’s important to take action quickly.
You should get in touch with the credit bureaus and Department Stores National Bank.
Whether there’s been a reporting error or someone is using your identity fraudulently, you need to get to the bottom of things.
And if you don’t want to go it alone, one of the top credit repair companies can help you through the process.