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THD/CBSD listed on my credit report - What does it imply?Rate This Article:
If you find THD/CBSD listed on your credit report, then it is quite possible that you have taken a Home Depot Credit Card from Citibank, South Dakota. Thus, THD/CBSD stands for The Home Depot Credit Card/Citibank South Dakota. If you haven't applied for one of these cards, then the listing is incorrect on your credit report. In this case, you need to dispute the item with the credit bureaus. Use this sample letter to remove the listing from your credit report. If you want to know about what to do when THD/CBSD listed on your credit report, check out the topics below:
What if I've paid off THD credit card?
If you've paid off the card and it's still showing as unpaid on your credit report, then you need to dispute the account with the bank or credit bureau. In order to dispute the account with the bureau, you should use this sample letter to remove inaccurate information from your report.
What if I'm not sure that I owe the debt?
If you've earlier applied for a Home Depot Credit Card, and you're not sure whether you owe anything on it, you should ask Citibank to verify your debt.
Instead of contacting them over the phone, you should send a debt verification letter to the creditor. Once the debt is verified, you can negotiate with Citibank to settle the debt. Learn how to settle your debts yourself before you start negotiating with the bank.
If Citibank passes on your account to a collection agency (CA), it will be reflected on your credit report, and then you'll have to negotiate with the CA. If you don't feel comfortable negotiating on your own, you should contact a credit card debt settlement company who can work out a settlement on your behalf.