Wondering why is CCB / LNDINGCL on your credit report?
The credit code stands for Comenity Capital Bank / Lending Club and is likely on your account since you applied for Lending Club’s patient solutions.
When you apply for a loan or credit card, it leads to a tough request like the one listed on your report.
While a new listing can be an unwanted surprise, a credit hard request is a standard part of the credit application process.
CCB / LNDINGCL on my credit report
Paying unexpected medical bills can be a challenge.
To remedy this, Lending Club Patient Solutions offers flexible payment plans with over 23,000 providers across the country.
The credit accounts are issued by Comenity Capital Bank. They work with over 145 retailers and financiers to offer cards and credit accounts.
You can pre-qualify for Lending Club Patient Solutions funding without compromising your creditworthiness.
However, once you fill out an application you will be subjected to a tough request.
If you are overwhelmed with handling negative entries on your credit report,
We encourage you to seek help from a professional credit repair company.
Ask Lex Law for help
How a hard CCB / LNDINGCL request can affect your balance
You can check which Lending Club offers you pre-qualify for without affecting your creditworthiness.
The pre-qualification only requires a soft credit check. A soft query will not lower your credit score, nor will it be included on your report.
When you apply for a credit account, your credit report will be hit by a tough request.
With this type of request, Lending Club and Comenity access your credit report to take a closer look at your credit usage history.
You will use this information to decide whether or not to approve your application.
A tough query can affect your credit score as some lenders only rely on one or two reports while others use all three.
Fortunately, a hard query has a minimal impact on your score and only drops it by a few points.
The request will be added to your credit report and will remain there for two years unless you have it removed.
In most cases, hard queries are nothing to worry about. They are a prerequisite for getting new credit and they hardly affect your score.
However, several recent inquiries may indicate that you are a little too dependent on credit. This can make it more difficult to get approved in the future.
To avoid this, apply for credits and cards within 14 days so that your score is not reached with every application.
You can also avoid unnecessary inquiries by looking at card and loan approval requirements before applying.
How to get CCB / LNDINGCL from your credit report
Once you’ve applied for a Lending Club credit account, you don’t have to worry about a tough request from CCB / LNDINGCL on your report.
However, if you don’t remember ever applying for an account, it’s worth checking the listing.
This could be due to a reporting error or, more nastily, identity theft.
Regardless of the primary cause of the listing, here are some tips that can help you clear an inaccurate, tough query from your credit report.
Deny the request with Comenity and the offices
The best place to start to deny a hard query is from the source.
In this case the source is Comenity Bank. Before filing a dispute or adding a fraud notice to your credit report, it may be helpful to contact the original lender.
Comenity can give you important details about the application that resulted in the input and possibly fix the problem.
With that information, you should move on by filing a dispute with one of the credit bureaus whose reports show the hard request.
You should be able to easily file disputes online or over the phone, as well as send a dispute letter to the offices.
The Fair Credit Report Act requires credit bureaus to conduct an investigation to investigate consumer claims of fraudulent entries on their report.
The process is pretty quick. The offices have 30 days to complete their investigation and give you a response.
If you haven’t applied for funding for the Lending Club, you can expect the request to be removed.
You can also temporarily freeze your balance and thus prevent the responsible identity thief from opening further accounts in your name.
Track your balance
If you aren’t already monitoring your balance, this should be one of your next steps.
Using a free credit monitoring platform means you can never again miss a blow to your credit balance.
Credit monitoring apps allow you to regularly check your score and update it for you.
They also alert you to new entries like hard requests as soon as they appear on your report.
If you take it a step further, an app like Credit Karma can help you build and maintain a solid credit score, and receive tailored advice, resources, and quotes.
Use a credit repair service
While you can certainly dispute hard requests yourself, you don’t have to.
Credit repair companies can streamline the process and help you with a wide variety of credit problems.
They look at your entire report and clear out any inaccuracies.
You can also address some of the following credit problems:
Credit repair companies are an inexpensive and effective solution when your credit needs a boost.
If you’re not sure where to start, take a look at our list of the best credit repair companies, sorted by cost, service, and customer experience.
Dealing with CCB / LNDINGCL
If you regret applying for a Lending Club account because it lowered your score, don’t do so.
Hard queries are one of the most ineffective credit report entries and an integral part of loan approval.
Instead of worrying about your previous applications, focus instead on using credits wisely.
That means keeping your loan usage down and making all of your payments on time.
Don’t forget to monitor your balance to see how you are doing.
And if you fear that someone used your details to get an account, you can easily dispute the request or work with a credit repair specialist to get the job done.