Credit Repair, credit score and credit reports

MCYDSNB/VISDSNB - how to dispute a wrong entry in my report?

The name of VISDSNB (Visa Department Store National Bank) may pop-up in your credit report if you have applied for a credit card through the store line of Federal departmental stores, one such card is Macy's card.

When you set up an account with any of the federal departmental stores, they may also create a parallel visa account along with the original one. Hence, if you're trying to close the account with Macy, make sure that you close both the accounts at the same time. Otherwise, you may keep accumulating debts on the other account.

However, if you're sure that you have no relation whatsoever with Macy or any other Federal Departmental Stores, you have the option to dispute the entry with the Credit Reporting Agencies. Here are the contact details of the three credit bureaus

Equifax (800-685-1111) (www.equifax.com )
Experian (888-397-3742) (www.experian.com )
TransUnion (800-888-4213) (www.transunion.com)

Amongst the three, Equifax also offers the facility to dispute online. You can register your complaint by filling-up the form available in their site.

To dispute with the credit bureaus, you're required to send them a letter requesting them to investigate into the questionable accounts. You should mention your name, address, SSN and the accounts details those you'd like to dispute, in the letter.

After receiving your dispute letter, the CRA will probe into the matter. If they can't establish the account, they'll wipe the item off your report. However, along with the CRAs, you should also send a letter of debt validation to the creditor.

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Posted: Wed Jan 18, 2006 5:45 pm Post subject: MCYDSNB/VISDSNB - how to dispute a wrong entry in my report?

I just got my credit report recently, and there is a VISDSNB account. I don't think I have opened that account, I wonder what is VISDSNB, so that I can close that account. This is the information available on the credit report: Address: 9111 DUKE BLVD MASON, OH 45040 No phone number available

topgun9

Joined: 15 Mar 2005
Posts: 5

Debtcc Points: 1393

Posted: Wed Jan 18, 2006 6:06 pm Post subject:

Hi topgun9

Welcome to the forums.

Financial, Administrative and Credit Services Group, Inc have their headquarters at the following address:

FACS Group Inc
9111 Duke Boulevard
Mason, OH 45040

This account might have appeared in your file due to a simple data error. Please write a letter to the credit bureau disputing this item. They will investigate the account with your information providers and if your dispute is found correct, the item will be removed from your file. A free copy of your CR will be sent at your mailing address. You can use this sample letter to dispute with the bureau.

Quote:

YOUR NAME
ADDRESS
CITY, STATE, ZIP CODE
SOCIAL SECURITY #

CREDIT BUREAU NAME
ADDRESS
CITY, STATE, ZIP CODE

Date:

To Whom It May Concern:

I am requesting that the item(s) listed below be immediately investigated. The account does not belong to me. Therefore, this credit report does not accurately reflect my true credit history and is detrimental to me.

Credit Report Date:

The following does not belong to me: Entry(ies) issued by

Please return a report reflecting the result of your investigation. Should verification not be provided within 30 days, I expect the above mentioned entry(ies) to be permanently deleted from my credit report.

Sincerely,

Your Name

You can also write a letter to the original creditor and request them to verify this item. It should be removed from your file if there are no available records of it. Make sure that you send your letters through certified mail with return receipt requested. Keep everything documented for proving the facts.

Regards
Roxette
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roxette
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roxette

Joined: 18 Mar 2005
Posts: 4175

Debtcc Points: 50387

Posted: Sun Jan 22, 2006 8:31 am Post subject:

This just happened to me also. I googled VIDSNB and this page came up. I'm pretty freaked out about having an account I know nothing about, but I did let the credit bureau know that I'm unawares. Should I put up a fraud alert? Thanks. _________________ Register today to encash debtcc points.

pyro
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Debtcc Points: 100

Posted: Sun Jan 22, 2006 2:41 pm Post subject: Why VISDSNB shows up on credit report?

VISDSNB is joined with Federated Stores when you set up a store account, there is the store account, and then they set up another visa account that is linked to the card, so you have to make sure they close both accounts, or just one of them. _________________ Register today to encash debtcc points.

mackie
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Debtcc Points: 100

Posted: Mon Jan 23, 2006 6:16 am Post subject:

Almost all credit card companies will report the consumer accounts to the bureaus. If you are unaware about any of the account specifically, send a letter to the company as well as the CRA and query about the entry. Insist on getting a statement in writing about the closure of the account. This will be a helpful and valid proof of your dispute being settled.

david
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david

Joined: 04 Jan 2006
Posts: 1278

Debtcc Points: 30122

Posted: Sat Feb 04, 2006 8:15 pm Post subject: VISDSNB

I think it is strange that several people have found this on thier credit reports lately. I also have one from MCYDSNB that is listed to the came address. I have disputed both. _________________ Register today to encash debtcc points.

Liberty
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Debtcc Points: 100

Posted: Sat Feb 04, 2006 9:48 pm Post subject: VISDSNB Account

I also found VISDSNB account on my latest credit report. I will follow roxette's recommendation. _________________ Register today to encash debtcc points.

Priscilla
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Debtcc Points: 100

Posted: Tue Feb 07, 2006 10:45 pm Post subject:

Quote:

his just happened to me also. I googled VIDSNB and this page came up. I'm pretty freaked out about having an account I know nothing about, but I did let the credit bureau know that I'm unawares. Should I put up a fraud alert?
Thanks.

That's how I got here too.

y'all must of bought ms money too, huh?

if you didn't i guess it's just coincidence...hmmm? i'll ponder...

anyway i did p/u ms money and i got the free experian 12 month deal.

i got the same two accounts on my cr report too.

VISDSNB
MCYDSNB

besides the first post that had the address, is there a place on the report that shows the address?
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jokey mcjokester
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Debtcc Points: 100

Posted: Wed Feb 08, 2006 8:37 pm Post subject: macys!

I have the same visdsnb mcydsnb I think when we signed up for a Macy's card they "threw" in a visa. I guess I'll have it removed, though doesn't it hurt my score to remove it/lower total amount of credit available. _________________ Register today to encash debtcc points.

2cool4skool
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Debtcc Points: 100

Posted: Thu Feb 09, 2006 2:00 pm Post subject:

2cool4skool, you must send a letter to the company inquiring about this entry. In the recent times, I have heard many others complaining about the same issue. This entry suddenly popped up in a large number of credit files. The CRA must be getting large number of complaints on this issue. So, they must have thought about an alternative. You need to dispute on this item with the CRA as well.

curlycarl
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Joined: 21 Jan 2005
Posts: 636

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Posted: Thu Feb 09, 2006 3:09 pm Post subject:

i'm new here. who is the cra? _________________ Register today to encash debtcc points.

jokey mcjokester
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Debtcc Points: 100

Posted: Thu Feb 09, 2006 3:55 pm Post subject:

Jokey, there are three national Consumer Reporting Agencies(CRA) that frame millions and millions of consumers credit files. You can also put a copy of your credit file and know the latest standing of your credit history. Contact each or all of them at the following phone numbers: Equifax (800-685-1111) (www.equifax.com) Experian (888-397-3742) (www.experian.com) TransUnion (800-888-4213) (www.transunion.com)

david
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david

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Posts: 1278

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Posted: Tue Feb 14, 2006 2:35 pm Post subject: MCYDSNB

i read the former subjects on this. But i am still a little confused. So the MCYDSNB is a credit card? Issued from Macy's ? _________________ Register today to encash debtcc points.

mojordans
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Debtcc Points: 100

Posted: Wed Feb 15, 2006 11:13 am Post subject: MCYDSNB

MCYDSNB is the company that handles Macys and all other Federated Stores credit cards. MAny of you probably have an account with Macys or one of the affiliated stores. I would imagine that you can remove it only upon closing the particular account. _________________ Register today to encash debtcc points.

John P
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Debtcc Points: 100

Posted: Sat Feb 18, 2006 11:41 pm Post subject: me too

I found this MCYDSNB on my credit report also and I never have a Macys account. _________________ Register today to encash debtcc points.