What is SYNCB/WGDC on your credit report?
SYNCB/WGDC is a credit report code representing Synchrony Bank/Walgreens. When you apply for a Walgreens credit card, this code may appear as a hard inquiry on your credit report. Synchrony Bank, the issuer of the Walgreens credit card, performs this inquiry to assess your creditworthiness before approving or denying your application.
Why SYNCB/WGDC Appears on Your Credit Report
SYNCB/WGDC or SYNCB/WALG shows up on your credit report when you apply for a Walgreens credit card issued by Synchrony Bank. This hard inquiry is a routine part of the credit approval process, helping the lender evaluate your credit history to make an informed decision on your application.
How SYNCB/WGDC Hard Inquiries Affect Your Credit Score
A hard inquiry from SYNCB/WGDC can cause a small drop in your credit score, typically lowering it by a few points. Although a single hard inquiry has a limited impact, multiple hard inquiries within a short period can cause more significant damage to your credit score. Lenders may view numerous inquiries as a sign of increased financial risk, making it harder for you to obtain new credit.
How Long SYNCB/WGDC Inquiries Stay on Your Credit Report
Hard inquiries like SYNCB/WGDC remain on your credit report for up to two years. These inquiries are reported by all three major credit bureaus—Equifax, Experian, and TransUnion. While the inquiry’s effect on your credit score lessens over time, it will still be visible on your report for the full two-year period.
Addressing Unauthorized SYNCB/WGDC Inquiries
If you notice a SYNCB/WGDC inquiry on your credit report that you didn’t authorize, it’s important to take action. Contact Synchrony Bank to ask about the inquiry and verify whether it was legitimate. If the inquiry was made without your approval, you can dispute it with the credit bureaus to have it removed.
Synchrony Bank Contact Information
Address:
Synchrony Bank
PO Box 965035
Orlando, FL 32896-5035
Phone number: (877) 295-2080
Removing SYNCB/WGDC Inquiries from Your Credit Report
If you believe the SYNCB/WGDC inquiry on your credit report is inaccurate or unauthorized, you can dispute it with the credit bureaus. Credit repair companies like Credit Saint specialize in removing hard inquiries like SYNCB/WGDC and other negative marks, such as late payments, collections, charge-offs, foreclosures, repossessions, and bankruptcies.
Take Control of Your Credit After SYNCB/WGDC Inquiries
If hard inquiries or other negative items are affecting your credit score, consider seeking professional help from a credit repair company like Credit Saint. They offer free consultations and can guide you through the process of improving your credit score. Visit their website and complete the form to begin your journey toward better credit today.
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