What is SYNCB/TYDC?
SYNCB/TYDC is a credit report code that represents Synchrony Bank/Toys R Us DC. You may see SYNCB/TYDC or SYNCB/Toysdc on your credit report as a hard inquiry when you apply for a Toys R Us credit card. This credit card, issued by Synchrony Bank, was designed to provide financing options and rewards for Toys R Us customers.
How Hard Inquiries Affect Your Credit Score
When you apply for a Toys R Us credit card, a hard inquiry is made on your credit report. This typically causes a small, temporary drop in your credit score. However, if you accumulate multiple hard inquiries within a short period, their combined effect can negatively impact your credit score.
How long do hard inquiries stay on your credit report?
Hard inquiries stay on your credit report for up to two years. Each inquiry is recorded by one or all of the three major credit reporting agencies: Equifax, Experian, and TransUnion. Over time, the impact of hard inquiries on your credit score will diminish, and they will eventually be removed from your report.
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 the hard inquiry with the credit reporting agency. This involves submitting a dispute letter that outlines why the inquiry is inaccurate and requesting that it be removed.
Another option is to work with a credit repair company like Credit Saint, which specializes in removing negative marks from credit reports. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
They can also help you dispute (and possibly remove) the following items:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Taking Action to Improve Your Credit
If you’re struggling with bad credit and want to learn more about your options, consider a free credit consultation with Credit Saint. They have helped many people in similar situations and can provide valuable guidance on improving your credit.
Visit their website and fill out the form to see what they can do for you. By taking action today, you can pave the way for a better financial future.
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