Is TBOM / CONTFIN a scam?
What is TBOM / CONTFIN?
TBOM / CONTFIN is a credit report code meaning The Bank of Missouri / Continental Finance.
TBOM / CONTFIN can be a difficult inquiry into your credit report. This happens when you apply for a Continental Finance credit card issued by The Bank of Missouri.
Strict questioning of your credit report will usually lower your credit score by just a few points. However, if you have too much, especially in the short term, they can really start to increase and do some damage.
How long does a rigorous inquiry into your credit report last?
Difficult inquiries can last up to two years on your credit report. Each time an inquiry is made, it is recorded by one or all three major credit reporting agencies, Equifax, Experian, and TransUnion.
Can TBOM / CONTFIN be removed from my credit report?
Lexington Law specializes in removing inquiries and other negative marks on your credit report. He has over 18 years of experience and has removed more than 7 million negative items for his clients in 2020 alone.
They may also assist you in disputing (and possibly removing) the following items:
- ate payments
- collections
- charge offs
- foreclosures
- repossessions
- judgments
- liens
- bankruptcies
What is TBOM / CONTFIN on my credit report?
TBOM / CONTFIN stands for The Bank of Missouri / Continental Finance.
Continental Finance Company is a credit card company that issues credit cards to people with poor credit.
They partner with The Bank of Missouri to issue their Cerulean, Verve and FIT Mastercard credit cards.
If you see TBOM / CONTFIN on your credit report, you may have applied for one of their credit cards or already have one.
Continental Finance also offers Reflex and Surge Mastercards, but they are issued by another company, Celtic Bank.
How TBOM / CONTFIN appeared on credit reports in the past.
TBOM / CONTFIN is a relatively new code because The Bank of Missouri and Continental Finance have not been associated for a long time.
Prior to its merger with The Bank of Missouri in 2018, Mid-America Bank & Trust had issued all continental finance cards. During this time, you may have seen them appear on your credit report as MABT / CONTFIN.
Is TBOM / CONTFIN a scam?
No, TBOM / CONTFIN is not a scam. Bank of Missouri and Continental Finance are legitimate organizations. If they are on your credit report, it may indicate that you have an account with them or that they have checked your credit.
If you believe there is activity on your credit report under TBOM / CONTFIN that should not be there, it is possible that you have been the victim of identity theft.
We will discuss the reasons (both legitimate and fraudulent) that TBOM / CONTFIN may be in more detail in the next section of your credit report.
