What is CCB/Lndingcl?
Comenity Capital Bank (CCB) and LendingClub have partnered to offer credit products to consumers. When you apply for credit through LendingClub, which is backed by Comenity Capital Bank, you may see CCB/Lndingcl on your credit report as a hard inquiry.
Hard Inquiries vs. Soft Inquiries: What’s the Difference?
Credit checks can be divided into two categories: hard inquiries and soft inquiries. Here’s what you need to know about each type:
Hard Inquiries
A hard inquiry is triggered when you apply for new credit, and the lender or creditor requests to check your credit report. Examples include applying for a mortgage, car loan, credit card, or even an insurance policy. Each hard inquiry can cause a small drop in your credit score, but having too many in a short period can negatively impact your credit standing.
Soft Inquiries
A soft inquiry occurs when a company checks your credit history as part of a background check, or when a lender or credit card issuer wants to prequalify you for an offer. Soft inquiries do not impact your credit scores, and are not visible to other creditors or lenders on your credit report.
How long do hard inquiries stay on your credit report?
Hard inquiries, such as those from CCB/Lndingcl, will stay on your credit report for up to two years, regardless of whether your credit application is approved or not. These inquiries are recorded by one or all of the three major credit reporting agencies: Equifax, Experian, and TransUnion.
Dealing with Unauthorized Inquiries
If you find an unauthorized inquiry on your credit report or believe that you didn’t initiate the inquiry, it’s essential to contact Comenity Bank and ask for clarification. The creditor’s name should be listed under the hard inquiry section on your credit report.
Removing CCB/Lndingcl from Your Credit Report
Credit Saint specializes in removing inquiries and other inaccurate negative marks from your credit report. In addition to inquiries, they can help you dispute and potentially remove the following items:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Improve Your Credit Today
If your credit score has been negatively affected by hard inquiries, consider a free credit consultation with Credit Saint. As experts in credit repair, they have helped many people in similar situations improve their credit standing.
Visit their website and fill out the form to explore how they can assist you on your journey to better credit.
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