What does "MCYDSNB" mean on my credit report?

Question

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.

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Answer 1 · 2018-06-23 16:03:13

WalletHub, Financial Company

@WalletHub 06/23/18 This answer was first published on 11/07/16 and it was last updated on 06/23/18.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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“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.

What does "MCYDSNB" mean on my credit report?

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