What is SYNCB/HFT on your credit report?
SYNCB/HFT is a credit report code that stands for Synchrony Bank/Harbor Freight Tools. This code typically appears as a hard inquiry on your credit report when you apply for a store credit card through Harbor Freight, which is issued by Synchrony Bank. The card offers customers financing options and rewards for purchases made at Harbor Freight.
Why SYNCB/HFT Appears on Your Credit Report
When you apply for the Harbor Freight credit card, Synchrony Bank performs a hard inquiry to evaluate your creditworthiness. This inquiry is recorded on your credit report under the code SYNCB/HFT or Harbor Freight/SYNCB. It helps the lender assess your credit history and determine whether to approve or deny your application.
How SYNCB/HFT Hard Inquiries Affect Your Credit Score
A hard inquiry from SYNCB/HFT can cause a small drop in your credit score, usually just a few points. While a single hard inquiry is unlikely to have a major effect, accumulating multiple inquiries in a short period can signal financial risk to lenders. Too many hard inquiries may make it more difficult to get approved for future credit.
How Long SYNCB/HFT Inquiries Stay on Your Credit Report
Hard inquiries like SYNCB/HFT remain on your credit report for up to two years. These inquiries are tracked by the three major credit bureaus—Equifax, Experian, and TransUnion. Over time, the impact of the inquiry on your credit score lessens, but it will still be visible on your report until it is automatically removed after two years.
Addressing Unauthorized SYNCB/HFT Inquiries
If you notice an SYNCB/HFT inquiry that you don’t recognize, it’s important to investigate. Contact Synchrony Bank and ask for an explanation of the inquiry. If it’s unauthorized, you can dispute it with the credit bureaus to have it removed from your report.
Synchrony Bank Contact Information
Address:
Synchrony Bank
PO Box 965035
Orlando, FL 32896-5035
Phone number: (877) 295-2080
Removing SYNCB/HFT Inquiries from Your Credit Report
If you believe the SYNCB/HFT inquiry is unauthorized or inaccurate, you can dispute it directly with the credit bureaus. For additional help, credit repair companies like Credit Saint specialize in removing hard inquiries like SYNCB/HFT, along with other negative marks such as late payments, collections, charge-offs, foreclosures, repossessions, and bankruptcies.
Take Control of Your Credit After SYNCB/HFT Inquiries
If hard inquiries or other negative items are affecting your credit score, consider reaching out to a reputable credit repair company like Credit Saint. They offer free consultations and can help you take the necessary steps to improve your credit. Visit their website and fill out the form to begin the process of repairing your credit today.
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