What is CB INDIGO?
CB INDIGO represents a partnership between Celtic Bank, a Utah-based chartered industrial bank, and Indigo, a credit card service under Genesis Financial Solutions, Inc. This collaboration focuses on providing credit card options to individuals with low credit scores, helping them rebuild their credit over time.
Why CB INDIGO Appears on Your Credit Report
You may notice CB INDIGO on your credit report as a hard inquiry if you recently applied for the Indigo Platinum Mastercard, a card issued by Celtic Bank. This card is specifically designed for those with poor credit, offering an opportunity to improve their credit scores through responsible use.
How Hard Inquiries Like CB INDIGO Affect Your Credit Score
A hard inquiry, such as CB INDIGO, occurs when you apply for new credit and the lender reviews your credit report to assess your creditworthiness. Although a single hard inquiry may only slightly reduce your credit score, accumulating several in a short time can have a more noticeable impact. Multiple hard inquiries can signal to lenders that you might be facing financial difficulties.
How Long Do Hard Inquiries Stay on Your Credit Report?
Hard inquiries, including CB INDIGO, typically remain on your credit report for up to two years. These inquiries are recorded by the major credit reporting agencies—Equifax, Experian, and TransUnion. The impact on your credit score decreases over time, with the most significant effect occurring within the first few months.
What to Do If You Don’t Recognize the CB INDIGO Inquiry
If you see a CB INDIGO inquiry on your credit report that you don’t recognize, or if you’re sure you didn’t initiate it, it’s important to take action. Start by contacting Celtic Bank to verify the inquiry. In this case, the creditor listed may be Genesis FS Card Services, Inc., which manages the Indigo credit card.
Genesis FS Card Services Inc. Contact Information
Address:
Genesis FS Card Services Inc.
15220 NW Greenbrier Pkwy, Suite 200
Beaverton, OR 97006
Phone number: (800) 509-6191
Can CB INDIGO be removed from my credit report?
If you believe the CB INDIGO inquiry on your credit report is unauthorized or incorrect, you have the option to dispute it on your own by contacting the credit bureaus directly. Each bureau—Equifax, Experian, and TransUnion—offers online, mail, and phone options for filing disputes.
However, if you find the process challenging or time-consuming, professional help might be beneficial. Credit repair services like Credit Saint can assist in disputing and potentially removing these inquiries. In addition to inquiries, they can also help with other negative items on your credit report, such as late payments, collections, charge-offs, foreclosures, repossessions, and bankruptcies.
Take the First Step to Remove Inquiries Today
If you’re facing credit challenges and want to learn more, consider a free credit consultation with Credit Saint. They have extensive experience helping individuals in similar situations. Visit their website and complete the online form to explore the services they can offer to help you improve your credit.
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