What does LENDINGPOINT LLC mean on my credit report?
Learn about LENDINGPOINT LLC, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is LENDINGPOINT LLC?
LENDINGPOINT LLC is shorthand for LendingPoint LLC, with the company name being LendingPoint LLC Inc
We can also ask you for identification papers such as driving licenses or other identity documents. The approval process is not guaranteed and origination or other charges might be up to 6%. When funding is finally approved, the money is usually transferred byACHthe next non-business day after lending.
LENDINGPOINT LLC is a Creditor provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with LendingPoint LLC.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
About the account
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⚫ The average account balance is $6300.
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⚫ The average high credit balance is $9400.
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⚫ The average monthly repayment is $400.
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
- ⚫ Unsecured
How do I contact them?
Here is the current contact details for LendingPoint LLC:
Address:
- 1100 Walnut Street, Box #11, Kansas City, MO 64106
Website:
Email:
Phone:
Payments
To make a payment, contact the lender for further instructions. Payments cannot be made over the phone. The only payment options offered are via bank transfer or debit card. Late or missed payments may incur additional fees or interest.
| 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
they do not offer loan forgiveness. they do not offer loan consolidation. Qualifying for loan forgiveness requires meeting certain criteria and providing documents to prove eligibility.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
you can apply for a loan online. LendingPoint offers loans from $2,000-$36,500 with fast decisions and money next business day upon approval. They may ask for your name, address, date of birth, and other identifying documents to verify your identity.
| 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? | 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.
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 LENDINGPOINT 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.