What does CCM FINANCE LLC mean on my credit report?

Learn about CCM FINANCE LLC, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is CCM FINANCE LLC?

CCM FINANCE LLC is shorthand for CCM FINANCE LLC, with the company name being CCM FINANCE LLC Inc

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CCM FINANCE LLC 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 CCM FINANCE 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 CCM FINANCE LLC:

Address:

  • BOX 850307, Richardson, TX 75085-0307

Website:

Email:

Phone:

Payments

There are multiple payment options available, including internet/mobile device, in person, cash, phone, mail, personal banking, and more. You can find more information about the payment options by clicking here or calling (800) 619-3986. they offer a monthly payment plan. You can get a payment refund by setting up free automatic recurring payments, visiting a MoneyGram location, dialing (800) 619 - 3986 or (844) 278-9115, mailing a cashiers check or money order to CCM FINANCE LLC. PO BOX 850307, Richardson, TX 75085-0307, setting up bill payments through your bank, or calling customer service at +1 800-619-3986.

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

Forgiveness and Cancellation

the information provided does not offer loan forgiveness or consolidation. It is also not clear how to qualify for loan forgiveness.

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

How to Apply

You can apply for a loan online by logging into your account and setting up automatic payments. You cannot apply for a loan over a phone call, in person, or using a mobile app. You cannot apply for a loan with a cosigner directly with CCM Finance.

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? No
Can I apply for a loan using a mobile app? No
Can I apply for a loan with a cosigner? No

IdentityIQ Report Example

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

CCM FINANCE LLC 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 CCM FINANCE LLC 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.