Wondering why CCB/LNDINGCL is on your credit report?
The credit code represents Comenity Capital Bank/Lending Club, and it’s likely on your account because you applied for Lending Club’s Patient Solutions.
Whenever you apply for a loan or a credit card, it leads to a hard inquiry like the one featured in your report.
While a new entry can be an unwelcome surprise, a hard credit inquiry is a standard part of the credit application process.
CCB/LNDINGCL On My Credit Report
Paying for unexpected medical bills can be challenging.
To help provide relief, Lending Club Patient Solutions offers flexible payment plans with over 23,000 providers nationwide.
The credit accounts are issued by Comenity Capital Bank. They partner with over 145 retailers and financiers to offer cards and credit accounts.
You can pre-qualify for financing through Lending Club Patient Solutions without impacting your credit score.
But once you complete an application, you are subject to a hard inquiry.
If you are overwhelmed by dealing with negative entries on your credit report,
we suggest you ask a professional credit repair company for help.
How A CCB/LNDINGCL Hard Inquiry Can Affect Your Credit
You can check to see which Lending Club offers you pre-qualify for without impacting your credit score.
Pre-qualifying only requires a soft credit check. A soft inquiry doesn’t lower your credit score or get placed on your report.
When you proceed to submit an application for a credit account, your credit report will be hit with a hard inquiry.
With this sort of inquiry, Lending Club and Comenity access your credit report to get a closer look at your history of credit use.
They use this information to decide whether or not to approve your application.
A hard inquiry could impact any of your credit scores, as some lenders only rely on one or two reports while others utilize all three.
Fortunately, a hard inquiry has a very minimal impact on your score, only dropping it by a few points.
The inquiry is added to your credit report, staying there for two years unless you get it removed.
In most cases, hard inquiries aren’t a cause for concern. They’re a requirement for getting new credit, and they barely affect your score.
However, having several recent hard inquiries can suggest that you’re a little too dependent on credit. This may make getting approved in the future harder.
To avoid this, try applying for loans and cards within a 14-day window, so your score isn’t hit with every application.
You can also steer clear of unnecessary inquiries by taking a look at the approval requirements for cards and loans before applying.
How to Get CCB/LNDINGCL off Your Credit Report
If you applied for a Lending Club credit account, there’s no need to be concerned about a hard inquiry from CCB/LNDINGCL on your report.
But if you don’t recall ever applying for an account, then the entry is worth looking into.
It could result from a reporting mistake or, more nefariously, a case of identity theft.
Whatever the root cause of the entry, here are some tips to help you get an inaccurate hard inquiry deleted from your credit report.
Dispute the Inquiry with Comenity and the Bureaus
The best place to start when it comes to disputing a hard inquiry is the source.
In this case, the source is Comenity Bank. Before filing a dispute or putting a fraud alert on your credit reports, it can be helpful to contact the original lender.
Comenity could give you important details about the application that prompted the entry and potentially clear up the issue.
With that information, you should proceed by filing a dispute with any of the credit bureaus whose reports show the hard inquiry.
You should be able to file a dispute easily online or over the phone, as well as by sending the bureaus a letter of dispute.
The Fair Credit Reporting Act dictates that credit bureaus must open an investigation to look into claims made by consumers about fraudulent entries on their report.
The process moves fairly quickly, with the bureaus having 30 days to conclude their investigation and give you a response.
If you did not apply for Lending Club funding, you can expect the inquiry to get removed.
You can also temporarily freeze your credit, stopping the identity thief responsible from opening more accounts in your name.
Track Your Credit
If you aren’t already monitoring your credit, it should be one of your next steps.
You can never miss a beat again as far as your credit is concerned when you use a free credit monitoring platform.
Credit monitoring apps let you check your score regularly, updating it for you.
They also alert you to new entries like hard inquiries as soon as they appear on your report.
Going a step further, an app like Credit Karma can help you build and maintain a solid credit score, giving you tailored advice, resources, and offers.
Use a Credit Repair Service
While you can certainly dispute hard inquiries on your own, you don’t have to.
Credit repair companies can streamline the process and help you with a plethora of credit issues.
They’ll look at your entire report, getting all the inaccuracies deleted from it.
They can also tackle some of the credit problems below:
Credit repair companies are an affordable and effective solution if your credit needs a boost.
If you aren’t sure where to start, take a look at our list of the best credit repair companies, ranked based on their cost, services, and customer experience.
Dealing with CCB/LNDINGCL
If you’re regretting applying for a Lending Club account because it brought your score down, you shouldn’t.
Hard inquiries are one of the least impactful credit report entries, and they’re a basic part of getting approved for credit.
Instead of worrying about your past applications, focus instead on using credit wisely.
That means keeping your credit use low and making all of your payments on time.
To see how you’re doing, don’t forget to monitor your credit.
And if you are worried that someone used your info to get an account, you can easily dispute the inquiry or work with a credit repair specialist to get the job done.