What is SYNCB/Amazon PLCC?
SYNCB/Amazon PLCC stands for Synchrony Bank/Amazon Private Label Credit Card. This code appears on your credit report when you apply for an Amazon Store Card or Amazon Secured Card, both of which are issued by Synchrony Bank.
Why SYNCB/Amazon PLCC Appears on Your Credit Report
SYNCB/Amazon PLCC may show up on your credit report as a result of a hard inquiry made by Synchrony Bank. This typically happens when you apply for an Amazon-branded credit card. The hard inquiry is a part of the credit application process, allowing the bank to assess your creditworthiness before approving or denying your application.
The Impact of SYNCB/Amazon PLCC on Your Credit Score
When a hard inquiry like SYNCB/Amazon PLCC is made, it can have a temporary impact on your credit score. Although one or two hard inquiries might only lower your score by a few points, multiple inquiries within a short period can cause more significant damage. This is because lenders may view numerous inquiries as a sign of financial instability.
How Long SYNCB/Amazon PLCC Stays on Your Credit Report
Hard inquiries, including SYNCB/Amazon PLCC, remain on your credit report for up to two years. These inquiries are recorded by the three major credit bureaus—Equifax, Experian, and TransUnion. Over time, the impact of these inquiries diminishes, but they remain visible to lenders during the two-year period.
Addressing Unauthorized SYNCB/Amazon PLCC Inquiries
If you notice SYNCB/Amazon PLCC on your credit report and do not recall applying for an Amazon credit card, it’s essential to investigate. Contact Synchrony Bank to verify the inquiry. If the inquiry was unauthorized, you have the right to dispute it with the credit bureaus and have it removed from your report.
Removing SYNCB/Amazon PLCC from Your Credit Report
If you find that SYNCB/Amazon PLCC was placed on your credit report in error, or if it’s negatively impacting your credit, you may want to seek help from a credit repair company like Credit Saint. Credit Saint specializes in disputing and potentially removing various negative items from credit reports, including:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Take Control of Your Credit Today
If you’re struggling with bad credit and want to learn more about how to improve it, consider a free credit consultation with Credit Saint. They have helped many people in similar situations and can potentially help you too. Visit their website and fill out the form to discover what they can do for you.
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