What is SYNCB/ONDC?
SYNCB/ONDC is a credit report code that stands for Synchrony Bank/Old Navy Discover Card.
You may see SYNCB/ONDC on your credit report as a hard inquiry. This usually happens when you apply for an Old Navy Discover credit card issued by Synchrony Bank.
The Impact of SYNCB/ONDC Credit Inquiries
When you apply for an Old Navy Discover credit card, Synchrony Bank will perform a hard inquiry on your credit report to determine your creditworthiness. This hard inquiry, represented by SYNCB/ONDC on your credit report, can have a slight negative impact on your credit score.
The Difference Between Hard and Soft Inquiries
It’s important to understand the difference between hard and soft inquiries. Hard inquiries occur when you apply for credit, such as a credit card, mortgage, or loan. These inquiries are visible to other lenders and can affect your credit score.
Soft inquiries, on the other hand, are checks on your credit that do not impact your credit score. These can include pre-approvals, credit checks by potential employers, or when you check your own credit score.
How long do hard inquiries stay on your credit report?
Hard inquiries can linger on your credit report for up to two years. Every time a lender makes an inquiry to assess your creditworthiness, such as when applying for a loan or credit card, this action may be documented by one or more of the three major credit reporting agencies: Equifax, Experian, and TransUnion.
Although hard inquiries can cause a temporary dip in your credit score, their impact diminishes over time, and they are automatically removed from your credit report after 24 months.
Removing SYNCB/ONDC Inquiries from Your Credit Report
If you believe that the SYNCB/ONDC hard inquiry on your credit report is inaccurate or unauthorized, you can dispute it with the credit reporting agencies. Reputable credit repair companies like Credit Saint can help you manage this process.
They have a track record of successfully removing negative items from clients’ credit reports, including:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Take Control of Your Credit Today
If you’re struggling with a bad credit score and want to take action, consider a free credit consultation with Credit Saint. They have extensive experience helping clients improve their credit scores and remove negative items from their credit reports.
Visit their website and fill out the form to see what they can do for you. Don’t let an inaccurate SYNCB/ONDC inquiry or other negative items hold you back – take control of your financial future today!
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