What is HSN Card/SYNCB?
HSN Card/SYNCB and SYNCB/HSN are codes you might encounter on your credit report. These codes indicate that you’ve applied for a Home Shopping Network (HSN) credit card or HSN Mastercard, both of which are issued by Synchrony Bank. These cards offer benefits such as 12-month VIP financing on select electronics, home goods, and kitchen items priced at $399 and up.
Why HSN Card/SYNCB Appears on Your Credit Report
HSN Card/SYNCB typically appears on your credit report as a result of a hard inquiry made by Synchrony Bank. When you apply for an HSN credit card, the bank performs a credit check to assess your creditworthiness. This hard inquiry is recorded on your credit report, whether or not your application is approved.
The Impact of HSN Card/SYNCB on Your Credit Score
A hard inquiry like HSN Card/SYNCB can temporarily lower your credit score. While a single inquiry might only cause a minor dip, having several inquiries within a short period can lead to a more significant drop in your score. Lenders may interpret multiple inquiries as a sign of financial instability, which could affect your chances of being approved for new credit.
How Long HSN Card/SYNCB Stays on Your Credit Report
Hard inquiries, such as those from HSN Card/SYNCB, remain on your credit report for up to two years. These inquiries are recorded by the major credit reporting agencies—Equifax, Experian, and TransUnion. Although the impact on your credit score diminishes over time, the inquiry remains visible to potential lenders during this period.
Addressing Unauthorized HSN Card/SYNCB Inquiries
If you notice an HSN Card/SYNCB inquiry on your credit report that you don’t recognize, it’s crucial to investigate. Contact Synchrony Bank to verify the legitimacy of the inquiry. If it turns out to be unauthorized, you can dispute the inquiry with the credit bureaus to have it removed from your report.
Removing HSN Card/SYNCB from Your Credit Report
If you believe that HSN Card/SYNCB was mistakenly placed on your credit report or if it’s negatively affecting your credit, consider working with a credit repair company like Credit Saint. They specialize in disputing and potentially removing various negative items from credit reports, including:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Improve Your Credit Today
Taking action to improve your credit score is essential for your financial future. If you’re struggling with bad credit or simply want to learn more about how to enhance your credit situation, consider a free credit consultation with Credit Saint. Their experienced team has helped many people in similar situations, and they can provide personalized guidance to meet your needs.
Visit their website, fill out the consultation form, and take the first step toward better credit today.
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