What does CCMFINANCE mean on my credit report?
Is CCMFINANCE making an impact on your credit score?
What is CCMFINANCE?
CCMFINANCE is shorthand for
CCM FINANCE LLC, with the company name being
CCM FINANCE LLC Inc
Automatic transmission was standard; manual gearbox available as an option.
CCMFINANCE 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.
About the account
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for CCM FINANCE LLC:
- BOX 850307, Richardson, TX 75085-0307
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.
|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.
|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.
|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.
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 CCMFINANCE 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.