“MCYDSNB” is a code used by credit reporting agencies. “MCY” stands for Macy’s, the department store. “DSNB” stands for Department Store National Bank, which just so happens to issue the Macy’s credit cards. So when you put it all together, “MCYDSNB” refers to a Macy’s credit card from Department Store National Bank. The credit report code “DSNB/MACYS” is sometimes used to describe this type of account, too.
You have nothing to worry about if you own such a card or you recently applied for one. If not, you should dispute the item on your credit report that makes reference to “MCYDSNB.” We also recommend adding a fraud alert to your file and following the other steps in our guides to dealing with unrecognized accounts and inquiries (whichever your situation warrants).
Finally, signing up for a free WalletHub account will allow you to review your credit score and report, updated daily, and enjoy 24/7 credit monitoring. That will make it easier to spot any other credit report errors or potential signs of fraud, whether present or future.
Closed accounts that are charged-off remain on your credit report for 7 years from the date of first delinquency on the bill that led to the charge-off. All other accounts remain on your credit report for 10 years from the date the account is closed. Any missed payments associated with those accounts will fall off your credit report after 7 years, however.… read full answer
Accounts sent to collections (such as defaulting on a medical bill, phone bill, or loan) will remain on your credit file for 7 years from the original missed due date.
Publically available information that reflects irresponsibility (such as civil judgments and tax liens) generally remains on your credit reports for 7 years.
Bankruptcy information (Chapter 7 & Chapter 11) can remain on your credit reports for 10 years from the date filed. A discharged Chapter 13 bankruptcy generally remains on your credit file for 7 years from the date filed, while a non-discharged chapter 13 bankruptcy remains for 10 years.
If you believe that the negative information isn't supposed to be on your credit report, then you can submit a dispute with the credit bureaus either online or by mail. You'll have to explain the error in detail, and even provide evidence where possible.
Hi! I am a Macy's card holder, and I checked in with them to see how to cancel the card. If you have an online Macy's account, you can log in, open up chat, and cancel that way. You can also call them to cancel at 1-866-593-2543. You could also write to them and cancel at Macy's Card, P.O. Box 8113, Mason, OH 45040. Thanks for writing!… read full answer
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.