Who is 08 Synchrony Bank?
08 Synchrony Bank is a consumer financial services company headquartered in Stamford, Connecticut. Synchrony Bank provides over 120 private label credit cards and store-branded cards. You can find a full list of them here.
You may see 08 Synchrony Bank listed on your credit report as a collections account. This can happen if you have defaulted on a Synchrony credit card account.
How can I remove 08 Synchrony Bank from my credit report?
08 Synchrony Bank collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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In addition to collections, they can help you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
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08 Synchrony Bank Contact Information
950 Forrer Blvd
Kettering, OH 45420
Phone number: (866) 419-4096
Should I contact or pay 08 Synchrony Bank?
It’s best to avoid speaking to a collection agency on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with 08 Synchrony Bank is to work with a credit repair professional. They help remove millions of negative items every year from companies like Synchrony on behalf of their clients.
Will 08 Synchrony Bank sue me or garnish my wages?
Synchrony Bank, like other credit card issuers, may choose to sue a cardholder for non-payment as a last resort if all other debt collection efforts fail. If they win a lawsuit against you, they might have the legal right to garnish your wages or levy your bank accounts to recover the debt.
However, they typically use these measures sparingly due to the cost and time involved in legal proceedings. Any potential action will depend on your specific circumstances, the laws in your state, and the amount of your debt.
08 Synchrony Bank Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA).
Your Rights When Dealing with 08 Synchrony Bank
Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collection company from using abusive, unfair, or deceptive practices. In addition, it provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for 08 Synchrony Bank to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- 08 Synchrony Bank may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- 08 Synchrony Bank must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- 08 Synchrony Bank cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove 08 Synchrony Bank From Your Credit Report Today!
Credit Saint can assist you in disputing 08 Synchrony Bank accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
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