If you’re unsure about an inquiry from DSNB Bloom on your credit report, the following information can help.
DSNB Bloom is the credit reporting code for a Bloomingdale’s credit card offered through Department Stores National Bank.
The entry was most likely triggered by a credit card application.
If you don’t recall applying for a Bloomingdale’s card, you should be able to get the inquiry deleted from your report.
Read on for an overview of how hard inquiries impact your score and what you can do to get one removed.
DSNB Bloom On My Credit Report
Department Stores National Bank issues retail credit cards for shoppers at Macy’s and Bloomingdale’s.
If you applied for one of these retail credit cards, whether in-store or online, you signed off on a hard inquiry.
The inquiry allowed the store and bank issuing the credit card to access your credit report.
This helps them determine whether or not to approve your application.
You can also be hit with a hard inquiry if you agree to be an authorized user on someone else’s account in order to give their credit a boost.
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 Does a DSNB Bloom Hard Inquiry Influence Your Credit?
Your credit report gets hit with a hard inquiry when you apply for a credit card, loan, or a line of credit.
A lender may request access to one, two, or each of your three credit reports. So your Experian, Equifax, and TransUnion reports might feature the inquiry.
A hard inquiry can lower your score by a point or two. And it will remain on your report for two years.
Having a couple inquiries on your report isn’t the end of the world. But you should try to limit yourself to a few inquiries a year.
A credit report that features several hard inquiries can imply that you aren’t a very stable borrower. And this could scare some lenders away.
The points you lose from hard inquiries can add up, too.
It’s important to note the differences between soft and hard inquiries. Soft inquiries happen when you compare quotes, pre-qualify for loans/cards, or submit to a background check.
They also occur when you check your score. You can have countless soft inquiries, as they don’t get added to your report or bring your score down in any way.
How to Remove DSNB Bloom from Your Credit Report
If you don’t shop at Bloomingdale’s and never applied for one of their retail credit cards, you need to get the hard inquiry removed from your report.
Here are a few tips to help you through the process.
Dispute the Hard Inquiry
The first place to turn when you’re questioning a hard inquiry is the source.
Reach out to DSNB about the inquiry. They can tell you about the application that prompted it.
Calling or writing to DSNB may jog your memory, reminding you of an application as a cardholder or authorized user that you had forgotten.
It could also reveal a reporting error.
From there, you should contact any of the credit bureaus whose reports are displaying the inquiry.
You can write a letter of dispute, file online, or make a phone call disputing the inquiry.
The Fair Credit Reporting Act allows the bureaus 30 days to look into your dispute. At the end of that period, any fraudulent inquiries or errors should be deleted.
When you’re dealing with a potential case of identity theft, you need to move quickly. The best way to catch questionable entries is to track your credit closely.
While you only get a single copy of your full credit report per year at annualcreditreport.com, you can review your scores frequently with a credit monitoring app.
There are several free and paid credit monitoring platforms, chock-full of helpful features.
They’ll send you alerts any time an inquiry is added to your credit report, with steps to verify or dispute it.
You’ll also get card and loan offers and pointers for boosting your credit score, with a breakdown of the factors that influence your score the most.
Use a Credit Repair Company
If you prefer a more hands-off approach to improving your credit, then a credit repair company could be just right.
These companies are trained to tackle problems like inaccurate entries, disputing them, and ensuring they get deleted from your report.
If you fear that identity fraud is involved, a credit repair company can be a major asset, guiding you through the process of reporting the crime.
A credit repair company can be of assistance when you’re facing several other issues, including:
Many of the best credit repair companies offer multiple levels of service so you can pick the package that suits your needs and your budget.
If you applied for a Bloomingdale’s credit card from DSNB, you can stop stressing over the inquiry.
Though no one wants to see their credit score drop, there are plenty of ways to make up for the points lost to the inquiry.
- Stay up to date on all your payments.
- Keep the number of inquiries to a minimum.
- Keep your credit use below 30% of your available credit.
If you feel that Bloomingdale’s is on your report by mistake, you have a clea-cut path to getting it removed.
Contact DSNB and the bureaus, and you should be able to get to the bottom of the inquiry.
For more help, you may want to reach out to a credit repair company.