What is SYNCB/BRDC?
SYNCB/BRDC is an abbreviation representing a partnership between Synchrony Bank and Banana Republic. This collaboration allows Banana Republic to offer attractive rewards and promotional financing to their customers through a credit card issued by Synchrony Bank.
Why is SYNCB/BRDC on your credit report?
When you see SYNCB/BRDC on your credit report, it usually indicates that you have applied for a Banana Republic credit card. In the process of reviewing your application, Synchrony Bank would have performed a hard inquiry on your credit report, which is why it appears under this name.
How Hard Inquiries Affect Your Credit Score
A hard inquiry, also known as a hard credit pull, occurs when a lender checks your credit report as part of the application process for a loan or credit card. Hard inquiries can temporarily lower your credit score by a few points.
Although a single hard inquiry may not have a significant impact, having too many in a short period of time can accumulate and cause more substantial damage to your credit score.
How long do hard inquiries stay on your credit report?
Hard inquiries can remain on your credit report for up to two years. Each time you make an inquiry, it is recorded by one or all of the three major credit reporting agencies: Equifax, Experian, and TransUnion. However, the impact of a hard inquiry on your credit score typically lessens over time, and it no longer affects your score after 12 months.
Removing SYNCB/BRDC from Your Credit Report
DIY Approach
If you’re seeking to remove SYNCB/BRDC from your credit report, there are a few routes you could take. One way is to challenge the hard inquiry with the credit reporting agency by filing a dispute letter. The letter should clearly explain why the inquiry is inaccurate and ask for its removal from your credit report.
While this option is available to you, it could be a time-consuming and tedious process that may not always yield the desired result.
Professional Help
Another approach to removing SYNCB/BRDC from your credit report is to engage the services of a credit repair company like Credit Saint, which specializes in removing negative marks from credit reports.
They can also help you dispute (and possibly remove) the following items:
- Late payments
- Collections
- Charge offs
- Foreclosures
- Repossessions
- Bankruptcies
Get Started On Your Journey to Better Credit
Taking control of your credit situation is crucial for achieving financial stability and success. If you’re struggling with bad credit or looking for ways to improve your credit score, consider reaching out to a professional credit repair company like Credit Saint. Their expertise in removing negative marks from credit reports can help you pave the way to better credit and increased financial opportunities.
Don’t hesitate to take action – visit their website, fill out the form, and start your journey towards a healthier credit profile today.
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