What does CENTNL LEND mean on my credit report?

Is CENTNL LEND making an impact on your credit score?

Updated January 1, 2023

What is CENTNL LEND?

CENTNL LEND is shorthand for Centennial Lending, with the company name being Centennial Lending Inc

CENTNL LEND 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 Centennial Lending.

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

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

About the account

  • ⚫ The average account balance is $28600.

  • ⚫ The average high credit balance is $44100.

  • ⚫ The typical loan duration is 30 months.

  • ⚫ The average monthly repayment is $500.

The account is classified under the following METRO2 categories:

  • ⚫ Lease
  • ⚫ Auto Lease
  • ⚫ Auto Loan

How do I contact them?

Here is the current contact details for Centennial Lending:

Address:

  • 11281 Business Park Cir, Firestone, CO 80504, United States

Website:

Email:

Phone:

Payments

Centennial Lending offers a number of payment options, including online payments, phone payments, and automatic payments. There are no penalties for late or missed payments. Customers can also make payments using a prepaid debit card or wire transfer. Centennial Lending provides assistance if customers have trouble making a mortgage payment.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? 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

there is loan forgiveness and consolidation available. You can qualify for loan forgiveness by meeting certain requirements, such as working for a certain amount of time in a public service job.

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

How to Apply

It is possible to apply for a loan online, over the phone, or in person. Some lenders also offer mobile apps. It may be possible to apply for a loan with a cosigner.

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 using a mobile app? No

IdentityIQ Report Example

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

CENTNL LEND 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 CENTNL LEND 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.