SYNCB/WLMRTD is a credit report code representing Synchrony Bank/Walmart. This code may appear on your credit report as a hard inquiry, which typically occurs when you apply for a Walmart credit card issued by Synchrony Bank.
The Impact of Hard Inquiries on Your Credit Score
Hard inquiries on your credit report can lower your credit score by a few points. Having too many hard inquiries, particularly within a short period, can cause more significant damage to your credit score.
Managing Hard Inquiries on Your Credit Report
Hard inquiries can remain on your credit report for up to two years. These inquiries are recorded by the three major credit bureaus – Equifax, Experian, and TransUnion – and can potentially affect your ability to secure credit in the future.
To maintain a healthy credit score, it’s essential to keep hard inquiries to a minimum and only apply for credit when necessary.
Why Remove SYNCB/WLMRTD from Your Credit Report?
When SYNCB/WLMRTD is listed on your credit report, it can have a negative impact on your credit history. This may reduce your chances of getting approved for credit or loans in the future. Lenders may perceive this as a sign of financial risk, which can result in higher interest rates and less favorable loan terms.
Disputing and removing SYNCB/WLMRTD from your credit report can help you avoid these negative consequences and improve your credit scores.
How to Remove SYNCB/WLMRTD from Your Credit Report
Companies like Lexington Law specialize in removing inquiries and other negative marks on credit reports. With over 18 years of experience, Lexington Law has facilitated millions of removals for its clients, including in 2021 alone.
Lexington Law can also help you dispute and possibly remove other negative items on your credit report, such as:
- late payments
- charge offs
Seeking Expert Help to Improve Your Credit
If you’re struggling with bad credit and want to learn more about how to improve your credit score, consider a free credit consultation with Lexington Law. They have helped many individuals in similar situations.
Visit their website and fill out the consultation form to discover what they can do for you in addressing inquiries and other negative items on your credit report.
Ready to Raise Your Credit Score?
Some clients have raised their credit scores
by 100 points* or more.
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