What is SYNCB/DKS?
SYNCB/DKS is a code that stands for Synchrony Bank, a major credit card issuer in the United States. When you see SYNCB/DKS on your credit report as a hard inquiry, it typically means you’ve applied for a store credit card issued by Synchrony Bank. With over 100 store credit cards available, Synchrony Bank plays a significant role in the credit card industry.
How Hard Inquiries Affect Your Credit Score
When SYNCB/DKS appears as a hard inquiry on your credit report, it indicates that Synchrony Bank has checked your credit history as part of the approval process for a store credit card. Hard inquiries can cause your credit score to drop by a few points.
Accumulating too many hard inquiries in a short period can have a more substantial impact on your credit score, as it may signal financial instability or a higher risk of defaulting on credit obligations.
How long do hard inquiries stay on your credit report?
Hard inquiries can stay on your credit report for up to two years and are recorded by one or all of the three major credit reporting agencies: Equifax, Experian, and TransUnion. However, the impact of hard inquiries on your credit score lessens over time, and most credit scoring models no longer consider them after about a year.
Removing SYNCB/DKS and Other Hard Inquiries from Your Credit Report
If you believe that SYNCB/DKS or other hard inquiries on your credit report are inaccurate or causing undue harm to your credit score, consider seeking professional help from a credit repair firm like Lexington Law. They specialize in removing inquiries and other negative marks on your credit report.
In addition to removing inquiries, Lexington Law can help you dispute and potentially remove other negative items from your credit report, such as:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Taking Charge of Your Credit Health
If your credit score is suffering due to hard inquiries or other negative marks on your credit report, consider reaching out to Lexington Law for a free credit consultation. Their expertise has helped many clients in similar situations improve their credit and achieve their financial goals.
To get started, visit their website and complete their online form. A credit expert will assess your situation and recommend the best course of action to improve your credit score and overall financial well-being.
Ready to Raise Your Credit Score?
Some clients have raised their credit scores
by 100 points* or more.
