Have you recently discovered an entry from CitiCards CBNA on your credit report?
If so, it’s likely the result of an application for one of Citibank’s credit cards, which can lead to a hard inquiry on your credit report.
While that’s nothing to worry about in most cases, if you don’t recall applying for a card, you could be the target of an identity thief or a reporting error.
CitiCards CBNA On My Credit Report
CitiCards CBNA is the code used to represent CitiCards by Citibank North America on credit reports.
Citi offers over a dozen credit cards geared towards different goals, such as:
- Balance transfer
- 0% APR
Your credit report could be hit with a hard inquiry when you apply for any one of these Visa or Mastercards.
In turn, this could slightly lower your score.
How Does a CitiCards CBNA Hard Inquiry Affect Your Credit?
So if you go online to check your credit score, submit to a background check, or get pre-approved for a credit card or loan, your credit report undergoes a soft credit pull.
But it doesn’t impact your score and may not even get added to your credit report.
However, soft inquiries allow you, lenders, and other companies to check your credit score without approving you for an actual loan application.
On the other hand, in order to be approved for a new line of credit, loan, or credit card, you have to consent to a hard inquiry.
Because this type of inquiry lets lenders access your full credit report, using your history with credit to determine whether or not they should approve your application.
These inquiries get added to your credit report, and on their own, could drop your score by a few points.
However, hard inquiries are removed from your report after two years, and their impact diminishes over time.
Lenders can obtain your reports from Equifax, Experian, and TransUnion. So this means that any or all of your scores could be affected.
But an occasional hard inquiry is nothing to worry about. However, having several of these entries on your report could throw up a red flag for prospective lenders, suggesting that you rely too heavily on loans and credit.
As such, several hard inquiries can impact your score more severely than one or two.
So to keep the effects of hard pulls to a minimum, only apply for loans and cards you’re likely to be approved for, check out the minimum credit requirements beforehand.
If you are overwhelmed by dealing with negative entries on your credit report,
we suggest you ask a professional credit repair company for help.
How to Get CitiCards CBNA Removed from Your Credit Report
Once again, you shouldn’t stress over a CitiCards CBNA inquiry if it’s legit.
That being said, if you haven’t applied for one of Citibank’s cards, there could be a reason for concern.
A mysterious inquiry could be the result of a reporting issue, or it could signal identity theft, in either case, here’s how to get a hard inquiry off your credit report:
Dispute the Hard Inquiry with CitiBank and the Credit Bureaus
Thanks to the Fair Credit Reporting Act, your credit doesn’t have to suffer if you’ve been targeted by an identity thief or you’re the unfortunate subject of inaccurate reporting.
By law, you can dispute any inquiries that you suspect are on your report by mistake.
So we recommend that you dispute the inquiry with any of the credit bureaus whose reports feature the inquiry.
You can file disputes online, by phone, or by letter. Likewise, you should contact CitiBank to get to the bottom of the issue.
You should act quickly to dispute inaccuracies on your credit report. So if you aren’t already, take a few moments to sign up for a free credit monitoring service.
With an app like Credit Sesame or Credit Karma, you will stay alert to any additions to your credit report, such as hard inquiries, collections accounts, or new accounts.
You’ll also get regular updates on your scores, with hand-picked offers for credit cards and loans that are well-suited to your credit profile.
Hire a Credit Repair Company
Sometimes, dealing with identity theft and reporting issues can be downright stressful and time-consuming.
If you’d rather leave the hassle of confronting the bureaus and Citibank to someone else, a credit repair company could be just what the doctor ordered.
These companies are staffed with professionals with tons of experience getting hard inquiries removed, moreover, they can assist you with glaring credit issues like:
Many of the best credit repair companies offer flexible services, with multiple packages and price points to choose from.
Getting CitiCards CBNA off Your Credit Report
In most cases, a hard inquiry should be the least of your credit concerns.
They barely impact your credit score, and they’re an essential part of the process of getting approved for new credit.
If you applied for a CBNA credit card, the best thing you can do for your credit is to borrow and spend responsibly, maximizing the positive effects of your credit to boost your score.
However minimal the effect of a hard inquiry might be, you shouldn’t let one stay on your report if you didn’t apply for a card.
Disputing an inaccurate entry couldn’t be easier, and if you need help, you have several great credit repair companies at your disposal.