If you find MCYDSNB listed on your credit report, it means you may have taken a store credit card from Macy's Department Store National Bank or any of the department stores acquired by Macy's.
What is MCYDSNB?
MCYDSNB or Macy's Department Store National Bank is based in Cincinnati, Ohio. It was formerly known as Federated Department Stores, Inc. Macy's provides its customers with store credit cards. When you obtain Macy's store card, the company may offer you a Visa card along with it. Macy's is also the owner of other departmental stores such as:
- Bon Marche
What if MCYDSNB is listed on my credit report?
If MCYDSNB is listed on your credit report, you need to check the balance shown along with it. If it is "0" balance, then it implies that you don't owe money to Macy's or any store it owns. You can then call their representative at 1-800-627-2909 and request him to close your account.
In case you haven't yet paid off the balance on Macy's store card, then you may negotiate a payment plan with the creditor. Or else, you may settle the debt for less than the amount you owe. Use sample debt settlement letters to negotiate a settlement with your creditors.
What if I'm not sure that I owe the debt?
If you're not sure as to whether you owe money to MCYDSNB, request the creditor to validate your debt. Send them a debt validation letter through certified mail with return receipt requested. If the creditor sends you enough proof of the debt, then you need to pay off the dues. It will prevent late fees from incurring on your account. Moreover, it can save you from any legal action being taken by the creditor.
What should I do if MCYDSNB is an incorrect listing?
If you have not opened an account with Macy's Credit Services or any of its acquired stores, then you can request the creditor to remove the listing from your report. Alternatively, you can talk to the credit bureau in order to take off the listing. Use a sample letter to remove listing to send in a written request to the bureaus.
If you wish to talk to the Credit Services Department at Macy's in order to negotiate your debt or remove an account listing, call 1(877)493-9207 or send in a mail at the following address:
Macy's Credit and Customer Service
PO Box 8113
Mason Ohio 45040