What is Abt Synchrony?
Abt Synchrony refers to a credit report code associated with Abt Electronics Synchrony Bank. You may find Abt Synchrony as a hard inquiry on your credit report when you apply for an Abt Electronics credit card issued by Synchrony Bank.
Abt Electronics is a retailer based in Glenview, Illinois, specializing in electronics, appliances, and home goods. Their credit cards offer 6, 12, and 24-month special financing options to customers.
Differentiating Between Hard and Soft Inquiries
Understanding the difference between hard and soft inquiries is crucial to knowing how they affect your credit report and score.
Hard Inquiries: Impact on Credit Score
A hard inquiry takes place when a lender or creditor checks your credit report upon your request for new credit. This can happen for various reasons, including mortgage, apartment, car loan, credit card, insurance policy, cell phone, or job applications. Hard inquiries can cause a slight drop in your credit score. However, too many hard inquiries within a short period can lead to more significant damage.
Soft Inquiries: No Impact on Credit Score
A soft inquiry, on the other hand, occurs when a company checks your credit history as part of a background check, prequalification process, or account review. Soft inquiries do not affect your credit score and are not visible to other creditors or lenders.
How long do hard inquiries stay on your credit report?
Regardless of whether your Abt credit card application is approved, the hard inquiry will stay on your credit report for up to two years. Each inquiry is recorded by one or more of the three major credit reporting agencies: Equifax, Experian, and TransUnion.
It’s essential to monitor your credit report for any unauthorized hard inquiries. If you find an inquiry you didn’t initiate, contact Abt Electronics immediately to resolve the issue. Make sure to provide the creditor’s name as listed in the hard inquiry section of your credit report.
Abt Electronics Contact Information
1200 N Milwaukee Ave
Glenview, IL 60025
Phone number: (800) 860-3577
Removing Abt Synchrony Inquiries and Other Negative Items
If you believe an Abt Synchrony hard inquiry should not be on your credit report, professional credit repair services like Lexington Law can help. With years of experience and a proven track record, Lexington Law specializes in disputing and potentially removing negative items from your credit report, including unauthorized hard inquiries.
In addition to hard inquiries, Lexington Law can also help you dispute and possibly remove the following negative items from your credit report:
- late payments
- charge offs
Regaining Control of Your Credit
If you’re struggling with poor credit due to hard inquiries or other negative items, consider a free credit consultation with Lexington Law. Their expertise in credit repair has aided countless individuals in similar situations to regain control of their credit and improve their financial outlook.
Visit their website and fill out the consultation form to learn how Lexington Law can support your credit repair journey.
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