How to Remove SYNCB From Your Credit Report

What is SYNCB on your credit report?

SYNCB stands for Synchrony Bank, the largest provider of private label credit cards in the U.S., serving over 80 million customers. Synchrony Bank partners with a wide range of retailers and brands to offer credit cards that provide consumers with access to store-specific credit. Here is a full list of Synchrony Bank credit cards.

If you see SYNCB on your credit report, it typically indicates that you’ve applied for or hold a credit account with Synchrony Bank. Knowing what this code means and why it appears on your credit report can help you manage your credit more effectively.

Why SYNCB Appears on Your Credit Report

SYNCB may show up on your credit report for a couple of reasons. The most common is that you’ve applied for a credit card or line of credit with Synchrony Bank. When you submit an application, a hard inquiry is conducted and recorded on your report by one or more of the three major credit bureaus: Equifax, Experian, and TransUnion.

Additionally, if you have an active credit account with Synchrony Bank through one of their partnered retailers, the status and payment history of that account will be reported to the credit bureaus, further explaining SYNCB’s presence on your report.

Synchrony Bank (SYNCB) Hard Inquiries

The following is a list of Synchrony Bank inquiry codes that you may find on your credit report:

How SYNCB Hard Inquiries Affect Your Credit Score

A hard inquiry from SYNCB occurs when you apply for new credit, such as a store-specific credit card. This type of inquiry can cause a slight decrease in your credit score, typically by a few points. While a single hard inquiry might not have a significant impact, multiple inquiries within a short period can add up, potentially lowering your score more noticeably.

To protect your credit score, it’s wise to limit the number of credit applications you submit, particularly if you’re planning larger financial moves in the near future.

How Long SYNCB Hard Inquiries Stay on Your Credit Report

Hard inquiries like those from SYNCB can remain on your credit report for up to two years. During this time, they are visible to lenders who may review your credit history when you apply for additional credit. Although the impact of a hard inquiry on your score diminishes over time, the inquiry will remain part of your credit history until it automatically drops off after 24 months.

Regularly monitoring your credit report helps you stay aware of these inquiries and manage your credit profile effectively.

Addressing Unauthorized SYNCB Inquiries

If you find a SYNCB inquiry on your credit report that you didn’t authorize, it’s important to investigate the matter promptly. Unauthorized inquiries could be a sign of identity theft or a reporting error. Here’s how you can handle the situation:

1. Contact Synchrony Bank: Start by reaching out to Synchrony Bank to verify the details of the inquiry. They can confirm whether the inquiry was made correctly or if there was an error.
2. Dispute the inquiry with the credit bureaus: If the inquiry was unauthorized, file a dispute with the major credit bureaus—Equifax, Experian, and TransUnion. Removing unauthorized inquiries can help protect your credit score and ensure that your report is accurate.
3. Consider additional security measures: If you suspect identity theft, consider placing a fraud alert or credit freeze on your report to prevent further unauthorized activity.

Other Reasons SYNCB may be on Your Credit Report

Besides hard inquiries, SYNCB might also appear on your credit report due to an existing credit account with Synchrony Bank. If you have a credit card or line of credit through one of their partnered retailers or brands, your account’s status and payment history will be reported to the credit bureaus.

Account Status

An active Synchrony Bank credit account will show up on your credit report, indicating the current status of the account, such as whether it’s open, closed, or in good standing.

Payment History

Your account activity and payment history with SYNCB is another reason why it might appear on your credit report. On-time payments contribute positively to your credit score, while late payments, missed payments, or defaults can have a negative impact.

Removing SYNCB Inquiries from Your Credit Report

If you’re looking to remove SYNCB inquiries or other negative marks from your credit report, you may consider working with a reputable credit repair company like Credit Saint.

With years of experience, they have helped clients achieve many removals, including inquiries, late payments, collections, charge-offs, foreclosures, repossessions, and bankruptcies

Take Action Today to Improve Your Credit

Don’t let bad credit hold you back from achieving your financial goals. If you’re ready to take control of your credit and work towards a brighter financial future, consider reaching out to Credit Saint.

Visit their website and fill out the form to see how they can help improve your credit situation. With the right assistance, you can work towards a healthier credit score and better financial opportunities.