If you’ve ever applied for credit, chances are good that you’ve come across this acronym: “THD/CBNA“. It’s important to know what the letters mean and how they might affect your credit score.
What is THD/CBNA?
If you see THD/CBNA on your credit report, it means that you have a trade line from Toyota Motor Credit Corporation or Chrysler Capital. These are both auto lenders that are owned by Toyota and Fiat Chrysler Automobiles, respectively.
THD/CBNA may also be listed as a collection account if you have defaulted on your loan with either lender. In this case, the account will likely show up as closed and with a balance owed.
If you’re trying to improve your credit score, it’s generally best to avoid having any collection accounts on your report. However, if you have already defaulted on a loan from either of these lenders, there is not much you can do other than try to negotiate a payment plan or settlement.
Does my credit report have a THD/CBNA?
If you’re like most people, you probably have a lot of questions about your credit report. One of the most common questions we get is “What is THD/CBNA and why is it on my credit report?”
THD/CBNA is short for “total account history/credit bureau notations.” This refers to the history of your account with a particular creditor, as reported to the credit bureaus. This information can include things like late payments, collections, charge-offs, and more.
While this information may not be all that important when you’re looking at your own credit report, it can be critical when a lender is trying to decide whether or not to extend your credit. That’s because it gives them a clear picture of how you’ve managed your finances in the past.
If you see THD/CBNA on your credit report, don’t panic. It’s not necessarily a bad thing. However, it’s important to understand what it is and how it could impact your ability to get new credit in the future.
How does a thd/cbna affect my credit score?
If you have a thd/cbna on your credit report, it means you have a collection account. Collection accounts can negatively affect your credit score because they show that you have failed to pay a debt in the past.
If you’re trying to improve your credit score, it’s important to pay off any collection accounts that you have. You can do this by negotiating with the collection agency to pay off the debt for less than the full amount owed. Once you’ve paid off the debt, be sure to get confirmation from the collection agency in writing, so you can provide proof to the credit bureaus that the debt has been paid.
What can I do if I see a thd/cbna on my credit report?
If you see a THD/CBNA on your credit report, there are a few things you can do. First, check to see if the account is actually closed. If it is, then you can dispute the entry with the credit bureau. If the account is still open, then you will need to contact the creditor and try to negotiate a pay-off or settlement.
Conclusion
THD/CBNA is a code that appears on your credit report when you have an account with Target Corporation. This code is used by the credit reporting agencies to identify the account and is not indicative of any negative activity. If you see this code on your credit report, it means that you have an account in good standing with Target Corporation.
