Have you ever been confused why “THD/CBNA” showed up on your credit report? 🤔
This acronym typically appears when individuals have a Home Depot credit card issued by Citi, leading to the THD/CBNA entry on their credit report.
In this article, we’ll explore what a THD/CBNA on a credit report means and what to do if it’s showing up, but you’ve never had a Home Depot credit account.
What is THD/CBNA?
“THD/CBNA” means The Home Depot/Citibank North America. When you see “THD/CBNA” on your credit report, there’s no need to worry; it simply refers to transactions related to these three Home Depot credit cards issued by Citibank:
- The Home Depot Consumer Credit Card
- The Home Depot Commercial Revolving Charge Card
- The Home Depot Commercial Account
If you have one of these THD/CBNA credit cards or have applied for one, that’s probably why THD/CBNA is showing up on your credit report.
Why is THD/CBNA on Your Credit Report?
THD/CBNA can show up on your credit report for several reasons, mainly due to credit inquiries and user authorization.
Hard inquiries
When you apply for one of the three Home Depot credit cards, Citi conducts a hard inquiry on your credit report. They do this to assess your creditworthiness, but it can slightly lower your credit score and remain on your report for up to two years.
Soft inquiries
Prequalifying for a credit card can lead to a soft inquiry. These do not affect your credit score but can still appear on your credit report.
Authorized user
If someone adds you on their Home Depot credit card as an authorized user, it may appear on your credit report as THD/CBNA. This will give you permission to charge items on the primary cardholder’s credit card.
Although you aren’t responsible for repaying these charges, your credit report can still be affected.
For example, if the primary cardholder practices good credit habits, like timely payments and low credit utilization, it can boost your credit score.
However, if the primary user misses payments or has high credit utilization, it can also negatively impact your score.
To help maintain a healthy credit profile, try Cushion. This app organizes and reports your successful bill payments to credit bureaus, helping you build your credit with just your regular expenses. With automatic bill tracking and a virtual card, Cushion simplifies having a positive payment history, contributing to a good credit score.
How to Remove THD/CBNA From Your Credit Report
A user on Reddit reported finding three credit checks on their credit report, one with THD/CBNA, despite never having opened such an account or conducting any related banking activities.
Another user shared a similar experience with a credit card application under their name for THD/CBNA, but Citi could not verify or track it down.
These instances highlight the importance of regularly reviewing your credit report for errors. 🔍
If you discover an unauthorized hard inquiry or incorrect information related to THD/CBNA on your credit report, you can take the following steps to address it:
- Verify the inquiry: Contact Citi to verify if you authorized the inquiry. If they can’t provide proof, request its removal from your credit report.
- Report fraud: If you suspect fraud, report the unauthorized inquiry to the Federal Trade Commission (FTC) via gov. You might also want to file a police report to document the fraudulent activity.
- Freeze your credit: Place a freeze on your credit with all three major credit bureaus (Equifax, Experian, and TransUnion) to prevent further unauthorized inquiries. This won’t affect your credit score but will stop new accounts from being opened in your name.
- Dispute the inquiry: File a dispute with each credit bureau where the unauthorized inquiry appears. They must investigate and remove any incorrect information.
By following these steps, you can remove unauthorized THD/CBNA entries from your credit report and protect your financial health.
Consistently monitoring your credit report and addressing discrepancies promptly are key practices for maintaining a good credit score and preventing identity theft.
Related article: What is WFDS On Your Credit Report & How to Remove It
Summary
THD/CBNA on your credit report typically refers to credit cards issued by Citibank.
It can appear on your credit report due to credit inquiries and added authorized user status.
If you don’t hold any of the THD/CBNA cards yet you see it in your credit report, you can remove it by simply verifying the inquiry, reporting fraud, freezing your credit, and disputing the inquiry.
