How to Remove SYNCB/Walmart From Your Credit Report

Is SYNCB/Walmart hurting your credit score?

Lexington Law Firm has successfully assisted millions of clients in removing inaccurate and questionable credit inquiries from their credit reports.

What is SYNCB/Walmart?

The entry SYNCB/Walmart on your credit report signifies a hard inquiry associated with applying for a Walmart credit card. Originally issued by Synchrony Bank, this card’s application could impact your credit score, so it’s crucial to comprehend its effect on your overall credit wellbeing. However, Walmart credit cards are currently issued by Capital One.

How Walmart Credit Card Applications Impact Your Credit

When you apply for a Walmart credit card, Synchrony Bank performs a hard inquiry on your credit report. This type of inquiry typically causes a minor decrease in your credit score, often by just a few points. However, multiple hard inquiries in a short period can accumulate and significantly impact your credit score.

Minimizing the Impact of Hard Inquiries

To maintain a healthy credit score, it’s crucial to be aware of the number of hard inquiries on your credit report and their potential impact. Limiting credit card applications, avoiding multiple loan applications within a short period, and spacing out credit inquiries can help minimize potential damage to your credit score.

How long do hard inquiries stay on your credit report?

Hard inquiries typically remain on your credit report for up to two years. They are recorded by one or all three major credit reporting agencies: Equifax, Experian, and TransUnion. Regularly monitoring your credit report is essential to stay informed about your inquiries and maintain a healthy credit score.

Strategies for Removing SYNCB/Walmart from Your Credit Report

If you wish to remove SYNCB/Walmart from your credit report, there are several options to consider. Each method has its pros and cons, so it’s crucial to weigh your options before deciding on the best course of action.

Dispute the Inquiry with the Credit Reporting Agency

One way to remove SYNCB/Walmart from your credit report is to file a dispute with the credit reporting agency. This process involves crafting a detailed dispute letter, explaining why the inquiry is erroneous, and requesting its removal from your credit report.

While disputing the inquiry yourself is a viable option, it can be time-consuming, and there’s no guarantee of a successful outcome. If you feel overwhelmed or unsure about handling the dispute process, seeking professional help might be the right choice.

Getting Help from a Credit Repair Company

Another option for removing SYNCB/Walmart from your credit report is to engage the services of a reputable credit repair company, like Lexington Law. These companies specialize in removing negative marks from credit reports, and they have the expertise to help you navigate the dispute process.

Lexington Law, for example, has over 18 years of experience in credit repair and has helped clients achieve over 6 million removals in 2021 alone. They can help you dispute and potentially remove various items, such as late payments, collections, charge offs, foreclosures, repossessions, and bankruptcies.

Take Action Today: Schedule a Free Credit Consultation

If you’re struggling with bad credit and want to explore your options, consider scheduling a free credit consultation with Lexington Law. They have helped many people in similar situations, and their tailored guidance can address your specific needs.

Visit their website and fill out the form to learn how they can assist you in improving your credit score. Don’t wait—take the first step on your journey toward better credit today.

Ready to Raise Your Credit Score?

Some clients have raised their credit scores
by 100 points* or more.

[*] Results are not typical or guaranteed.