What is Macys/DSNB on your credit report?
Macys/DSNB is a credit report code associated with Department Stores National Bank (DSNB), which issues Macy’s credit cards. If you see this code on your credit report, it likely indicates that you’ve applied for a Macy’s American Express Card or another store-branded credit card from Macy’s. This entry usually appears as a result of a hard inquiry, which happens when DSNB checks your credit to evaluate your application.
Why Macys/DSNB Appears on Your Credit Report
When you apply for a Macy’s credit card, DSNB conducts a credit check, resulting in a hard inquiry that shows up on your credit report as Macys/DSNB. These credit checks are a routine part of the application process and are used by the bank to assess your creditworthiness before approving or denying your credit card application.
The Impact of Macys/DSNB Hard Inquiries on Your Credit Score
A hard inquiry from Macys/DSNB can cause a slight decrease in your credit score. While a single inquiry might lower your score by a few points, multiple hard inquiries in a short time frame can have a more significant impact. This could make it harder to secure new credit or obtain favorable interest rates.
How Long Macys/DSNB Stays on Your Credit Report
Hard inquiries like Macys/DSNB remain on your credit report for up to two years. They are recorded by the major credit reporting agencies—Equifax, Experian, and TransUnion. Although these inquiries stay on your report for two years, their impact on your credit score diminishes over time.
Handling Unauthorized Macys/DSNB Inquiries
If you notice a Macys/DSNB inquiry on your credit report that you don’t recognize or didn’t authorize, it’s essential to investigate the matter. Start by contacting DSNB to inquire about the reason for the inquiry. If it turns out to be unauthorized, you should dispute it with the credit bureaus to have it removed from your report.
DSNB Contact Information
Address:
DSNB
701 E 60th St. N
Sioux Falls, SD 57104
Phone number: (605) 370-6261
Removing Macys/DSNB from Your Credit Report
If you believe that a Macys/DSNB inquiry was made in error or without your consent, you might consider seeking help from a credit repair company like Credit Saint. They specialize in disputing and potentially removing hard inquiries and other negative marks from credit reports, including late payments, collections, charge-offs, and more.
Take Control of Your Credit Today
If you’re struggling with poor credit and want to learn more about improving your credit situation, consider a free credit consultation with Credit Saint. They have helped many people in similar situations and can provide valuable guidance.
Visit their website and fill out the form to see what they can do for you. Take the first step towards a better credit score today!
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
