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THD/CBSD listed on my credit report - What does it imply?

Date: Sun, 10/22/2006 - 20:04

Submitted by anonymous
on Sun, 10/22/2006 - 20:04

Posts: 202330 Credits: [Donate]

Total Replies: 49

THD/CBSD listed on my credit report - What does it imply?


What does THD/CBSD mean on a credit report?


THD/CBSD = The Home Depot/Citibank South Dakota. I am thinking it's The Home Depot Credit card made available by Citibank here is a phone number for thier customer service Call them
For Account Online Support call: 1-866-875-5488


lrhall41

Submitted by PDLFREE on Sun, 10/22/2006 - 20:23

( Posts: 1245 | Credits: )


Citibank can be a tough #@$)%# to settle a debt with . . . lots of debt settlement companies won't even touch them. The key to remove THD/CBSD seems to be to wait until they send the account out to a 3rd party debt collector and make a deal before it gets sent back.


lrhall41

Submitted by Marcia Brady's Lovechile on Sun, 10/22/2006 - 20:30

( Posts: 59 | Credits: )


You now know that the THD/CBSD account is related with Citibank. So, call the company and put your payment proposal. This helps improving your credit a little.


lrhall41

Submitted by keystrokes on Mon, 10/30/2006 - 13:55

( Posts: 495 | Credits: )


Alot of times Citibank will ask you to work out a payment plan with them before sending your account to a collection agency. That way once you settle with them, they will attempt to open your account with them again. Try to remove THD/CBSD from your CR through negotiation.


lrhall41

Submitted by bdouble on Sat, 12/09/2006 - 13:43

( Posts: 354 | Credits: )


If you all read through the posts it answers the question on THD/CBSD . . . . . I'm not trying to be rude or anything, but it looks like the question keeps getting asked, then answered, then asked, then answered, then asked, then asnswered . . . . .


lrhall41

Submitted by goudah2424 on Wed, 02/28/2007 - 10:16

( Posts: 7935 | Credits: )


im dealing with citibank now for 2 accounts and they are a pain to negotiate for removing thd cbsd. When I called them,they still hadnt my sent my account to a CA so i was able to work with them but you have to agree to their terms. I had two accounts,one for 2000 the other for 4500. They immediately offered me a settlement but they werent willing to work with what i could offer each month, they wanted this paid off in 12 installments so it was like i either take it or leave it so i took it.(When i mean they i mean Citibank, the people are actually nice and helpful but they kept telling me these are citibank policies and they couldnt do much) Luckily i got a better paying job so its not killing me so much now.

FYI-even if you settle,they will send you a 1099-C so taxes will have to be paid on the forgiven debt, from what i read its 40% of the amount of the forgiven debt but i could be wrong.


lrhall41

Submitted by phacia2010 on Wed, 02/28/2007 - 16:46

( Posts: 45 | Credits: )


Yeah, that's something a lot of people don't realize. When you settle debt for less the owed, you have to pay taxes on the forgiven amount. Because in a way it is income since you don't have to pay it back. I'm not sure of the percent that you have to pay on, I'd thought it was the whole amount that was forgiven, but I don't know where I got that from, so I very well could be wrong.


lrhall41

Submitted by goudah2424 on Wed, 02/28/2007 - 17:23

( Posts: 7935 | Credits: )


Quote:

FYI-even if you settle,they will send you a 1099-C so taxes will have to be paid on the forgiven debt, from what i read its 40% of the amount of the forgiven debt but i could be wrong.


We recommend you contact a tax professional to assist you with 1099-c????????s sent by creditors. Nothing of the following should be construed as tax advice; however, based on past experience, creditors have sent a 1099-C if they have forgiven some or all of your debt in excess of $600.00. A competent tax professional can possibly qualify you as insolvent (broke) which can eliminate any tax liability related to the debt forgiveness. Please have your tax preparer check out the instructions for filing IRS form 982


lrhall41

Submitted by rstimson on Thu, 03/27/2008 - 11:06

( Posts: 112 | Credits: )


You pay taxes on a 1099 C at the rate of income.
You report it on line 21 of form 1040 so it can increase your AGI. it might be as much as a 25% tax rate unless you earn a hell of a lot more than most of us.


lrhall41

Submitted by anonymous on Sun, 04/06/2008 - 19:25

( Posts: 202330 | Credits: )


Quote:

what about HLZG/CBSD?


I suppose in your credit report it is written as HLZG/CBUSA. It is the credit card of the jewellery store - Helzberg Diamonds. I am not 100% sure about this???????hope other members of the community can also help.

For better results please start a new forum tread by asking this question.


lrhall41

Submitted by phoenix on Mon, 06/09/2008 - 01:03

( Posts: 1445 | Credits: )


I have recently recieved a collection report stateing that I have not paid home depot 201.00, this should not be on my report. My husband opened this account in his name and passed away june 13th of 08, I tried to pay this in full from the number on the card and they refused to take it because it was my husbands account, now it's on my credit report as not paid, he had a card I could use with my name on it as he was ill, but I did not open the account, # is edited, this was not my fault I tried to pay it, my e-mail is deleted for your protection - ND please contact me about this, thank you


lrhall41

Submitted by anonymous on Sat, 04/04/2009 - 11:31

( Posts: 202330 | Credits: )


i have collection on my report for $ 118. and which to resolve this please contac me at 323 252 3747 my name in nelson graves. account # 162yc01789


lrhall41

Submitted by anonymous on Wed, 07/22/2009 - 20:32

( Posts: 202330 | Credits: )


Why did you put a potentially negative comment on my credit report. You were the one that suddenly dropped my credit card after my husband died 4 years previously. I tried to apply for a new credit card and was turned down. WHY? Now I am being turned down on any credit card I apply for. Please correct this.


lrhall41

Submitted by anonymous on Wed, 08/05/2009 - 06:04

( Posts: 202330 | Credits: )


Quote:

Originally Posted by grneyez622
OMG! I feel so stupid. That didn't even cross my mind.. Thanks to everybody who helped me to understand THD/CBSD... :)

Same hapen to me!
Thank you ALL


lrhall41

Submitted by anonymous on Sat, 09/26/2009 - 21:29

( Posts: 202330 | Credits: )


This is coming out in my credit report, and i never applied for a homedepot or any other credit card.
Please contact me @ 432-312-8148 thank you.


lrhall41

Submitted by anonymous on Mon, 01/25/2010 - 12:33

( Posts: 202330 | Credits: )


Thanks for this post! I'd just Googled this term because it was showing on my credit report, & now I know what it means thanks to you.


lrhall41

Submitted by anonymous on Sat, 01/30/2010 - 08:54

( Posts: 202330 | Credits: )


I recently ordered a copy of my credit report and discovered in the personal information section of the report
That someone else???s name appears on the report as well as a combination of my name and theirs. (i.e. my name is Ashley, hers is Marjorie) so the report shows in one section her name (first & last), then in another it also shows (Marjorie & my middle name). We both have the same last name but I never lived at her address which is also in the same town as mine but a different street (Thank GOD)???It also shows her address as well as mine. I am very concerned because I never lived at that address and there are 2 out of those 3 credit cards that have a status open with balances that I???m 100% sure don???t belong to me.
My questions are
How can I find out if the person has been using my personal info to obtain credit at a different address?
Who should I approach with this? the credit card companies or the credit bureaus?
How can I get the credit bureau that shows this info to provide me more info???or the credit card companies?
If I???m right how can I get the credit card companies to close those accounts and the credit bureaus to remove them from my reports?
Last who do I contact about this? If this is what I think it is (IDENTITY THEFT)???who should I report this to the regular police at my local precinct, the district attorney, the FBI?
Any suggestions would be greatly appreciated.
Thanks


lrhall41

Submitted by anonymous on Sat, 01/30/2010 - 21:32

( Posts: 202330 | Credits: )


I need to know what the RFSI means on my credit report I want to close this account out.


lrhall41

Submitted by anonymous on Tue, 02/23/2010 - 08:35

( Posts: 202330 | Credits: )


THD/CBSD shows up on my credit report. I understand that it may be a homedepot credit card account. I also have a homedepot credit card, but it didn't show up. My problem is that I owe more on my Homedepot account than the THD/CBSD. Is this a problem? Should I be paying THD/CBSD or just keep paying on my homedepot?


lrhall41

Submitted by anonymous on Mon, 03/08/2010 - 14:34

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
What company is this on my credit report?

What company is this on my credit report?


lrhall41

Submitted by anonymous on Tue, 07/06/2010 - 11:38

( Posts: 202330 | Credits: )