What is SYNCB/MC?
SYNCB/MC stands for Synchrony Bank/Mastercard. You may come across this abbreviation on your credit report as a hard inquiry, which typically occurs when you apply for a store credit card issued by Synchrony Bank.
The Impact of SYNCB/MC Credit Inquiries on Your Credit Score
Hard inquiries, such as those from SYNCB/MC, will usually only drop your credit score by a few points. However, if you accumulate too many, especially in a short period of time, they can really start to add up and negatively impact your credit score.
Understanding Hard Inquiries
When you apply for credit, the lender will check your credit report to determine your creditworthiness. This process is known as a hard inquiry, which can slightly lower your credit score. It’s essential to be mindful of the number of hard inquiries you have on your credit report, as having too many can be a red flag to potential lenders.
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 may be recorded by one or all of the three major credit reporting agencies: Equifax, Experian, and TransUnion. After two years, the hard inquiry will automatically drop off your credit report.
Can SYNCB/MC Be Removed from My Credit Report?
Yes, it is possible to have SYNCB/MC removed from your credit report. Credit Saint specializes in removing inquiries and other inaccurate negative marks on your credit report. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
Disputing and Removing Negative Items
They can also help you dispute (and possibly remove) the following items from your credit report:
- late payments
- charge offs
Take Action: Improve Your Credit Today
If you’re struggling with bad credit and want to learn more, consider a free credit consultation with Credit Saint. They have helped many people in your situation improve their credit scores.
To see what they can do for you, visit their website and fill out the form to request a free credit consultation. By taking action today, you can work towards a better financial future with an improved credit score.
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