What is SYNCB/CCDSTR?
SYNCB/CCDSTR is a code used on credit reports to represent a hard inquiry made by Care Credit/Synchrony Bank. When you apply for a store credit card through Synchrony Bank, you may see this code on your credit report.
Services Offered by Care Credit
Care Credit is a unique financing option that specifically caters to health, wellness, and beauty treatments and procedures. This healthcare credit card can be used to cover deductibles, as well as treatments and procedures that are not covered by your insurance plan. Care Credit is designed to help you manage your medical expenses more effectively.
The Difference Between Hard and Soft Inquiries
What is a hard inquiry?
A hard inquiry occurs when a lender or creditor checks your credit report as part of their decision-making process for granting credit. Examples of situations that may result in a hard inquiry include applying for a mortgage, apartment, car loan, credit card, insurance policy, cell phone, or sometimes even a job.
Hard inquiries can cause your credit score to drop by a few points. Having too many hard inquiries in a short period of time can negatively impact your credit score and make it more difficult for you to obtain credit in the future.
What is a soft inquiry?
A soft inquiry, on the other hand, is when a company checks your credit history as part of a background check or prequalification process. Soft inquiries can also occur when an existing creditor checks your credit to monitor your current credit situation. Unlike hard inquiries, soft inquiries do not affect your credit scores.
How long do hard inquiries stay on your credit report?
Hard inquiries typically stay on your credit report for up to 2 years. Regardless of whether you are approved for the credit card or not, the inquiry will be recorded by one or all three major credit reporting agencies: Equifax, Experian, and TransUnion.
What to Do About Unauthorized Inquiries
If you find an inquiry on your credit report that you don’t recognize or didn’t authorize, you should contact Synchrony Bank to inquire about the reason for the hard inquiry. The creditor’s name should be listed under the hard inquiry section on your credit report.
Can SYNCB/CCDSTR be removed from my credit report?
Credit Saint is a reputable credit repair company that specializes in removing inquiries and other inaccurate negative items from your credit report. They can also help you dispute and possibly remove the following items from your credit report:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Take Action to Remove Inquiries Today
If you’re struggling with bad credit due to hard inquiries or other negative items, 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 see what they can do for you and get your credit back on track.
Ready to Raise Your Credit Score?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
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