Has “JPMCB Card” or “Jpmcb Card Services” showed up on your credit report? Has your credit score dropped because of JPMCB? If so, you are not alone. This is happening to thousands of individuals across the world.
What Is JPMCB Card?
You might not recognize the abbreviation JPMCB on your credit report, but you’re probably familiar with the name it stands for.
JPMorgan Chase Bank, or Chase, headquartered in New York, is one of the most popular national banks offering checking account debit cards and savings accounts as well as being credit card issuers.
As a Chase account cardholder, might see Chase, including Chase Sapphire, on your credit report under the following names:
- JPMCB
- JPMorgan Chase Bank
- JPMCB Card
- JPMCB Card Services
Can You Remove Hard Inquiries from Your Credit Report?
If you have an inquiry on your report from JPMCB but didn’t apply for a Chase credit card, you should act quickly to get the hard inquiry removed.
While soft inquiries don’t require your authorization, hard pulls do.
The credit bureaus (Experian, Transunion, and Equifax) are required to notify you when a company runs a hard inquiry, hence it showing up on your report.
If an inquiry that you didn’t authorize appears on your report, you may be the victim of identity theft.
When that’s the case, you should be able to get the inquiry taken off your report.
How to Remove ‘JPMCB Card’ from Your Credit Report
Removing Jpmcb from your credit report is straightforward and easy. But it does require you to work with a credit repair company unless you know how to repair your credit yourself, which is time consuming and a hassle.
Here are some legit ways to remove Jpmcb card services from your credit report.
1. Work with a Credit Repair Company
Credit repair companies are professionals at removing hard inquiries from your credit report. It is their bread and butter. They literally remove thousands of them for consumers each year.
As we alluded to earlier, Credit Saint is a reputable credit repair firm that has attracted a legion of fans. Since their founding, they have helped thousands of Americans remove hard inquiries and improve their credit score.
2. Submit a Credit Inquiry Removal Letter
If you are eager to do it yourself, then you can submit a credit inquiry removal letter with each of the three credit bureaus (Equifax, Experian, & TransUnion).
Make sure your letter addresses why you are writing them (to dispute a credit inquiry), a brief summary of why your dispute is valid (credit activity is not authorized or recognized), and the solution you want (removal of inquiry from your credit report).
This letter needs to be sent to all three credit bureaus, so address each one individually (submit 3 different letters). It typically takes 30 days for the credit bureaus to respond.
They may have followed up questions, or they may simply remove the item. In some cases, they may flat out deny your hard inquiry removal request. This may be for a myriad of reasons. If you want to avoid this hassle, then work with a credit repair company. They will resolve this issue immediately and with ease.
Bonus Tip: Include your credit report in your letter and highlight the unrecognized or unauthorized credit inquiry. This will make it easy for them to cross-reference your letter and identify the negative item for removal.
How long does JPMCB Card stay on your credit report?
Hard inquiries can remain on your credit report for up to 2 years. Each time an inquiry is made, it is recorded by one or all of the three major credit reporting agencies – Equifax, Experian, and TransUnion.
Having a single hard inquiry on your credit report like JPMCB Card won’t cause much damage to your credit score. However, if you have multiple credit inquiries within a 2 year period, they can impact your credit significantly.
How to Deal with a Hard Inquiry from JPMCB Card
A hard inquiry from JPMCB might drop your score a few points, but it’s not the end of the world.
While an unauthorized inquiry should raise some red flags, if the inquiry is the result of your own credit card application, there’s really no need to worry.
The damage done by a hard inquiry is short-term, with virtually no impact on your score after a year.
Here are a few steps you can take in the future to avoid the negative impact of hard inquiries:
- Limit Applications: To lessen the blow of hard inquiries in the future, try to limit your credit card and loan applications. If you’re shopping for a certain type of loan, you should submit all your applications around the same time. With credit cards like American Express Platinum or Amazon Prime Rewards Visa Signature Card, try to wait for 3 to 6 months between applications.
- Monitor your Credit: Start monitoring your credit if you aren’t already so you’ll be alerted to hard inquiries and any other changes to your score. There are a handful of reputable free credit monitoring services that can assist you here.
- Look at the big picture: In most cases, hard inquiries are the least of people’s credit concerns. Look at what’s really hurting your score, like late payments, and start working to improve your credit score and get long-term entries removed from your report. A lot of credit cards charge annual fees that can fall under the radar if you don’t have your card set up on auto-draft, so pay attention to the additional information and disclaimers listed on the card you applied for, making sure to pay attention to any fees charged.
JPMCB FAQs
What Is JPMCB Auto (And Why Is It On My Credit Report)?
JPMCB Auto is the auto loan branch of JP Morgan Chase & Co. JPMCB Auto will appear on your credit report if you get a car loan with Chase Bank.
What Is JPMCB Credit Card Services (And What Does JPMCB Stand For?)
JPMCB (JP Morgan Chase Bank) offers credit cards and may show up on your credit report if you’ve applied for one. Why? Applying for a credit card authorizes a hard pull from the bank, which can hurt your credit score.
What JPMCB Credit Card Services Means On Your Credit Report?
JPMCB (JP Morgan Chase Bank) on your credit report likely means you’ve recently applied for a Chase Bank credit card. Applying for a Chase credit card authorizes the bank to check your credit (hard pull), impacting your score. If you didn’t apply for a credit card, you can dispute it.
Why Is JPMCB Card Showing On My Credit Karma Credit Report?
When you apply for a credit card, you authorize the bank to check your credit. JPMCB will show up on your credit report because they’ve conducted a hard pull on your credit.
Why JPMCB H: Is On Your Credit Report
JPMCB HL is the home loan branch of JP Morgan Chase & Co. If you’ve applied for a mortgage with Chase Bank, it’s likely they did a hard pull to check your credit.
