What does CCB/OPPLNS mean on my credit report?

Is CCB/OPPLNS making an impact on your credit score?

Updated January 1, 2023
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What is CCB/OPPLNS?

CCB/OPPLNS is shorthand for Opportunity Financial LLC, with the company name being Opportunity Financial LLC Inc

CCB/OPPLNS is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Opportunity Financial LLC.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Opportunity Financial LLC:

Address:

  • 130 E Randolph St. Suite 3400, Chicago, IL 60601

Website:

Email:

Phone:

Payments

OppLoans offers online personal loans and allows for repayment through various methods, including ACH deposits as soon as the same business day. There are interest rates and fees associated with the loan, and the loan must be repaid.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? No
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

Opploans does not offer loan forgiveness or consolidation. However, loan forgiveness is possible if you have a qualifying loan, work in a qualifying job, and have made 120 qualifying payments on the loan over a 10-year period.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

OppLoans offers online personal loans with rates and terms that are subject to credit approval and verification. All loan applications must be completed online. A cosigner may be used when applying for a loan, and documents may need to be sent with the application.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? No
Can I apply for a loan in person? Yes
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

CCB/OPPLNS IdentityIQ Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

How do I remove CCB/OPPLNS from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.