What is Samsclubmc/SYNCB?
Samsclubmc/SYNCB is a credit report code that refers to Sam’s Club/Synchrony Bank.
You may see Samsclubmc/SYNCB on your credit report as a hard inquiry if you’ve applied for a Sam’s Club credit card or Sam’s Club Mastercard. It’s important to understand the difference between hard and soft inquiries and their impact on your credit report.
Hard Inquiries vs. Soft Inquiries: What’s the Difference?
Hard Inquiries
When you apply for new credit, such as a mortgage, car loan, credit card, or insurance policy, the lender or creditor will run a credit check, which results in a hard inquiry. Although each hard inquiry typically lowers your credit score by just a few points, having too many in a short time span can negatively impact your credit score.
Soft Inquiries
Soft inquiries occur when a company conducts a background check or a credit card issuer or lender prequalifies you for an offer. Existing creditors may also pull soft inquiries to review your current credit situation. Unlike hard inquiries, soft inquiries don’t affect your credit scores.
How long do hard inquiries stay on your credit report?
Hard inquiries remain on your credit report for up to two years, regardless of whether you’re approved for the Sam’s Club credit card. These inquiries are recorded by one or all of the three major credit reporting agencies: Equifax, Experian, and TransUnion.
Dealing with Unauthorized Inquiries
If you come across an unfamiliar inquiry or are certain you didn’t authorize it, contact Synchrony Bank to inquire about the issue. The creditor’s name should be listed under the hard inquiry section on your credit report.
Can Samsclubmc/SYNCB be removed from my credit report?
Credit repair companies like Lexington Law specialize in removing inquiries and other negative marks from your credit report. With over 18 years of experience, Lexington Law removed over 6 million items for clients in 2021 alone.
They can assist you in disputing and potentially removing various negative items, including:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Take Control of Your Credit Today
If you’re struggling with poor credit and want to learn more about improving your credit report, consider a free credit consultation with Lexington Law. They’ve helped many people in similar situations and can provide guidance on the best course of action.
Visit their website and fill out the form to see how they can assist you in your credit repair journey.
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