Is R Us Credit Card SYNCB bringing down your credit score?
When you apply for a credit card or loan, it can lead to a hard credit check, which lowers your score.
If you’ve applied for a Toys R Us credit card from Synchrony Bank, it could put a dent in your credit score for years, especially if it’s one of multiple hard pulls on your report.
With the advice below, you may be able to get the entry off your report and improve your score.
Here’s everything you need to know.
R Us Credit Card SYNCB
SYNCB is the abbreviated name of a well-known national bank, Synchrony.
The full-service bank provides traditional checking and savings accounts, along with some investment accounts and credit cards.
Its credit card offerings are among its most popular products, as the bank partners with dozens of retailers, including Toys R Us.
If R Us Credit Card SYNCB or R Us Credit Card appears on your report, it’s likely the result of a retail credit card application.
How Long Does a Hard Inquiry Stay on Your Credit Report?
There are two types of credit checks: soft and hard pulls.
When you check your own credit score or try to get pre-approved for a loan or card, your report undergoes a soft credit check, which doesn’t impact your score.
On the other hand, a hard check occurs when you actually apply for credit or a loan.
Many people don’t realize that applying for a retail credit card can harm their credit score.
When you complete an application, the lender can obtain your credit report from one or all three of the major credit bureaus, meaning your TransUnion, Equifax, and Experian scores could be impacted.
How much it lowers your score depends on your overall credit profile. For instance, the more hard inquiries your report has, the more damage an inquiry can do.
Unless you get them removed, hard inquiries will stay on your report for two years, affecting your score less as time goes by.
Get a Free Copy of Your Credit Report
How to Remove R Us Credit Card from Your Credit Report
You may be able to get a hard inquiry off your credit report with the tips below.
Dispute the Hard Inquiry with Synchrony and the Credit Bureaus
Worried that R Us Credit Card is on your report by mistake?
If you haven’t applied for a Toys R Us credit card from Synchrony Bank, you should try to dispute the inquiry.
Once a hard inquiry or other negative mark is added to your report, you’ve got 30 days to dispute it.
When you send a validation letter to SYNCB, they’ll have to furnish evidence of your credit card application.
If the entry was added to your report in error, asking the bank for validation could help you to get it removed quickly.
You may also send a letter of dispute to the credit bureaus.
Since disputing debts and credit inquiries is time-sensitive, you should keep a close eye on your credit score so you’ll be aware of changes as they occur.
Signing up for a monitoring service could be beneficial, notifying you when your credit report is hit with a hard inquiry.
Get the Inquiry Removed by a Credit Repair Company
The best way to get a hard inquiry off your credit report may be to pay for a professional credit repair service.
A credit repair specialist can handle your case from top to bottom, analyzing your credit report to get to the root of your issues.
They’ll work hard to improve your score, dealing with a wide range of credit problems like:
- Charge off
- Collections entry
- Poor payment history
They’re experts at boosting low credit scores, disputing debts and inquiries, and ensuring accurate reporting.
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Getting R Us Credit Card SYNCB Deleted from Your Report
A credit card application might not wreck your credit, but it can hurt your score.
If you’ve applied for a Toys R Us credit card from SYNCB, you can relax knowing that it will be off your report within 2 years.
But if the entry is on your report as the result of a reporting error, there are a few simple steps you can take to get the hard inquiry deleted sooner.
Consider working with one of our picks for the best credit repair companies to improve your credit and build up your financial credibility.