What Is TBOM/CONTFIN on Credit Report

iEditorial Note: These blog posts represent the opinion of DoNotPay’s Writers, but each person’s situation and circumstances vary greatly. As a result, you should make sure to do your own independent research. Because everyone is unique, our self-help tools are never guaranteed to help with any specific situation. DoNotPay is not a law firm and is not licensed to practice law. DoNotPay provides a platform for legal information and self-help.

What is TBOM/CONTFIN on My Credit Report?

When you review your credit report, it's like you're looking at nothing but a—there are just a bunch of random letters that are supposed to let you know who your creditors are. If you do business with major banks, like Chase, Wells Fargo, Bank of America, or a credit union, it's pretty straightforward—just the vowels are missing, or the name ends with CU for the credit unions. DoNotPay is here to help you translate who your creditors are, and help you make sure that every creditor on your report has a legitimate reason to be there.

TBOM CONTFIN: Acronyms on Your Credit Report

Here's one that really confuses lots of consumers—. It's the Bank of Missouri / Continental Finance. It's a relatively new code on all three credit bureau's reports. It's the result of a 2018 merger between the Bank of Missouri and Continental Finance, a company that issues credit cards to consumers with bad credit.

Before 2018, Mid-America Bank & Trust issued all the cards on Continental's behalf, and they were coded as MABT/CONTFIN. If you had one of these cards, that acronym is now reported as TBOM/CONTFIN. The cards they issue are the following Mastercards.

  • Cerulean
  • Verve
  • FIT

If you have a Reflex or Surge Mastercard under the Continental brand, those are issued by Celtic Bank 2.

I Don't Have One of These Cards. Why Is It Showing Up?

Most people think that their credit report is based on whether they pay their loans on time. The truth is, these factors also play an important part in how your overall score is calculated.

Credit use:Do you use all of your available credit? In other words, do you pay off your credit cards every month, or at least keep your balances around 35%?
Collections:Do you have any collections reporting, other than medical—a smartphone, laptop, or anything you didn't finish paying for?
Inquiries:Have you applied for several cards or loans recently?

A Bit About Inquiries

There are two types of credit inquiries—hard and soft. Here's the difference.

  • Soft—A lender pulls a "soft" inquiry if you're curious about whether you qualify for a loan or card, without filling out an application for a specific thing. These are becoming more common with online lending; if you have ever "applied" for a loan and the disclaimer says that checking your credit will not affect your score, that's a soft pull.
  • Hard—If a vendor is running a "hard" pull, then you agree in writing (or an e-sign) for them to look at your credit for the purpose of a specific loan or card. This inquiry may not show up if you opened an account or if you were approved but declined the loan; some creditors only report applications they decline.

Hard inquiries remain on your credit report for two years. Since they often indicate a decline or too many means you're on the verge of taking on a lot more debt, they have a negative impact on your score.

DoNotPay Is Your Go-To for Cleaning Up a Credit Report

So if you've applied for a card through the Bank of Missouri during the past two years, or one of the Continental-issued cards, now you know that acronym on your credit report.

If you haven't applied for a Bank of Missouri, or any other card, in the past two years, DoNotPay can jump in and help you get those inquiries removed. If your TBOM/CONTFIN account is reporting an error in any way, our team can help you get that removed, too. All it takes is the click of some buttons. DoNotPay is always quick, simple, and easy.

  1. Search Clean Credit Report on DoNotPay.
  2. Prepare a recent copy of your credit report that you can use as reference.
  3. Let us guide you through the 4 potential options:
  1. If you've already paid off your debt, we'll help you file a Goodwill Removal Request to get it removed.
  2. If you notice any errors in your report (we have a list of common errors you can use!), we'll help you file a credit dispute to the creditor or major credit bureaus.
  3. If there are no errors, we'll check if you're still eligible to file a debt validation request. If they can't validate your debt, they're required to remove it from your report and they can't collect it!
  4. Lastly, if none of the above options work, we'll help you file a pay-to-delete negotiation letter. You can customize the amount you are willing to pay in exchange for getting the item removed.

And there are more ways to use the app.

What Else Can DoNotPay Do?

From credit report problems to parking tickets, DoNotPay has a solution. Try these credit score solutions first.

Solve Other Financial Problems with DoNotPay

Well, that was easy, you're thinking. Is there anything else that DoNotPay can do? We're so glad you asked.

DoNotPay has the intelligence — seriously, it's cutting edge AI — to craft letters that are unique to your situation in your state. We can help you successfully cancel accounts and subscriptions, or draft financial aid appeals letters. We can also get you much-needed help with bills, or work with you to break a lease.

DoNotPay is here to solve your problems with just a few clicks.

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