Citicards CBNA is what’s known as a hard inquiry. Hard inquiries occur when a lender pulls your credit report when applying for a loan.
Generally you can remove inquiries from your report if any of the following has happened:
Citicards CBNA reviewed a copy of your credit report(s) to decide whether or not to lend to you, which appears on your report as a hard inquiry.
Lenders are required to report hard inquiries everytime they pull your credit reports because you asked for credit. They use this reporting to track how often you’re applying for credit cards, loans, etc., which in their eyes makes you a higher risk.
If you don’t recognize this company, consider what else you may have applied for around the date of the inquiry, as many times businesses will use 3rd parties to pull credit reports which regularly causes confusion.
Hard inquiries, or hard pulls, occur every time you apply for credit and a lender needs to pull your credit reports to make an informed decision whether or not to approve you.
The most common reason for these are when applying for:
Citicards CBNA is a hard inquiry that lenders perform when you apply for credit. Hard inquiries can have a negative impact on your credit score, so it's best to keep them to a minimum. It's also important to note that Citicards CBNA will remain on your credit report for up to two years. However, the effect of hard inquiries diminishes over time and after about 12 months, they won't be included in your score. If you notice an unauthorized or unknown hard inquiry, you may be able to have it removed from your report.
It's important to regularly review your credit report for any errors, including inaccurate information reported by Citicards CBNA. If you find an error, you have the right to dispute it by contacting the relevant credit bureau – Equifax, Experian, or TransUnion. Provide documentation to support your dispute, such as a letter from Citicards CBNA. The credit bureau will investigate and either remove the error from your report or confirm that it is accurate. If you're having trouble disputing the information on your report, consider working with a credit repair company like Credit Sage - they have years of experience helping clients successfully remove errors from their reports and improve their credit scores.
Hard inquiries (like Citicards CBNA) will remain on your credit report for a maximum of 2 years, regardless of whether or not your credit with Citicards Citibank North America was approved. Depending on the scoring model used, hard inquiries will stop affecting your score between 3 to 12 months.
If you’ve ever received a pre-qualification offer for a credit card, auto loan, mortgage, or anything else of that nature, a soft inquiry, or soft pull, was used. Unlike hard inquiries, soft inquiries have nothing to do with you requesting new credit, and as such they’re not visible to anyone except you and do not lower your score.
If the inquiry is a result of identity theft, then yes, TBOM/CONTIN can be removed from your credit report, this is something we can help with.
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