What is GECRB/Amazon?
GECRB/Amazon is an abbreviation that stands for General Electric Capital Retail Bank/Amazon. This code may appear on your credit report as a hard inquiry, usually when you apply for an Amazon store card issued by GE Capital Bank.
It’s important to note that GE’s financial division became Synchrony Bank in 2015, so you may also see SYNCB/Amazon PLCC listed on your credit report.
When you apply for an Amazon store card or another financial product with GE Capital Bank (now Synchrony Bank), a hard inquiry may be conducted on your credit report, potentially affecting your credit score.
How Hard Inquiries Affect Your Credit Score
A single hard inquiry on your credit report will typically cause your credit score to drop by a few points. However, if you accumulate too many hard inquiries within a short period of time, they can start to add up and cause more significant damage to your credit score.
Lenders and creditors use hard inquiries to assess your creditworthiness and evaluate your recent search for new credit. If you have multiple hard inquiries on your credit report, it can signal to potential lenders that you may be experiencing financial difficulties or relying heavily on credit. As a result, it can be more challenging to secure new credit or qualify for favorable interest rates and terms.
How long do hard inquiries stay on your credit report?
Hard inquiries can stay on your credit report for up to two years. Each inquiry is recorded by one or all three major credit reporting agencies: Equifax, Experian, and TransUnion. The impact of hard inquiries on your credit score usually diminishes over time, with the most significant effect occurring during the first year.
Can GECRB/Amazon be removed from my credit report?
If hard inquiries from GECRB/Amazon or other financial institutions are negatively affecting your credit score, you may be able to have them removed from your credit report. Lexington Law, a reputable credit repair company, specializes in removing inquiries and other negative marks from credit reports.
With over 18 years of experience in the credit repair industry, Lexington Law has achieved more than 6 million removals for its clients in 2021 alone. In addition to hard inquiries, the firm can help you dispute and potentially remove the following items from your credit report:
- late payments
- charge offs
Taking Action to Boost Your Credit
If you’re struggling with poor credit due to hard inquiries or other negative marks on your credit report, consider reaching out to Lexington Law for a free credit consultation. They have helped many individuals in similar situations improve their credit scores and regain control of their financial lives.
To learn more about Lexington Law and the services they provide, visit their website and fill out the form to request a free credit consultation. By taking this crucial first step, you can start your journey toward a better credit score and a brighter financial future.
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Here’s a list of some of the nation’s most common credit inquiries.
- CB INDIGO
- Citicards CBNA
- Comenity Bank/ATYLRLMC
- CoreLogic Credco
- CRDT First
- Credco Inquiry
- Credit Plus
- Elan Financial Services
- Equifax Mortgage Services
- Factual Data
- JPMCB Card Services
- MABT CONTFIN
- SYNCB AEVISA
- SYNCB/Amazon PLCC
- SYNCB/Ameg D
- SYNCB/TJX CO DC
- SYW MC/CBNA
- TD Bank Target
- TU Interactive
- Webbank Fingerhut
- WF Bank NA