What does "MCYDSNB" mean on my credit report? This question is about Credit Scores

What does "MCYDSNB" mean on my credit report?

Answer Question Report Abuse

This question is about Credit Scores

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.

Permalink Report Abuse

“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.

Answer Question

People also ask

How long do things stay on your credit report?

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.

show less

How do I close my Macy's credit card account?

You can close your Macy's Credit Card by calling customer service at (866) 593-2543. Just state your request and provide the information necessary to confirm your identity. Before you close your account, make sure to redeem any rewards you have saved up. You’ll also need to repay any balance that you owe.… read full answer

The above also applies to the Macy's Store Card.

show less

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. This question was posted by a WalletHub user. 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.

Ask a Question

140

Ask Question

Ask Your Question

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.