What is SYNCB/TYDC?
SYNCB/TYDC is a credit report code that represents Synchrony Bank/Toys R Us DC. If you see SYNCB/TYDC or SYNCB/Toysdc on your credit report, it likely indicates that you applied for a Toys R Us credit card, which was issued by Synchrony Bank. This card offered financing options and rewards for Toys R Us customers.
Why SYNCB/TYDC Appears on Your Credit Report
When you applied for the Toys R Us credit card, Synchrony Bank conducted a hard inquiry to assess your creditworthiness. This inquiry allows lenders to evaluate whether you qualify for the credit card and appears on your credit report as SYNCB/TYDC.
How SYNCB/TYDC Hard Inquiries Affect Your Credit Score
A hard inquiry from SYNCB/TYDC may cause a small drop in your credit score. While a single hard inquiry has a limited impact, multiple hard inquiries within a short period can signal financial stress to lenders and result in a more significant drop in your score.
How Long SYNCB/TYDC Inquiries Stay on Your Credit Report
Hard inquiries from SYNCB/TYDC can stay on your credit report for up to two years. These inquiries are tracked by the three major credit bureaus—Equifax, Experian, and TransUnion. Although the inquiries remain on your report for two years, their effect on your credit score decreases over time, especially after the first year.
Addressing Unauthorized SYNCB/TYDC Inquiries
If you find a SYNCB/TYDC inquiry on your credit report that you don’t recognize or didn’t authorize, it’s important to take action. Contact Synchrony Bank to investigate the inquiry and confirm its validity. Unauthorized inquiries can be a sign of identity theft or reporting errors, so it’s crucial to resolve them promptly.
Synchrony Bank Contact Information
Address:
Synchrony Bank
PO Box 965035
Orlando, FL 32896-5035
Phone number: (877) 295-2080
Can SYNCB/TYDC be removed from my credit report?
To remove SYNCB/TYDC from your credit report, you have a couple options. One option is to dispute If you believe the SYNCB/TYDC inquiry on your credit report is unauthorized or inaccurate, you can dispute it with the credit bureaus.
Credit repair companies like Credit Saint can help with this process. They specialize in removing unauthorized inquiries and other negative items from credit reports, such as late payments, collections, charge-offs, foreclosures, repossessions, and bankruptcies.
Taking Control of Your Credit
If hard inquiries or other negative marks are impacting your credit score, consider reaching out to Credit Saint for a free consultation. Their experience in credit repair can help you dispute inaccuracies and improve your credit score.
Visit their website and fill out the consultation form to begin the process of taking control of your credit and building a more secure financial future.
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