What is SYNCB/CCDSTR on your credit report?
SYNCB/CCDSTR is a code that shows up on your credit report when you apply for a Care Credit card issued by Synchrony Bank. This code represents a hard inquiry, part of the credit review process for store-branded credit cards offered through Synchrony Bank.
Why SYNCB/CCDSTR Appears on Your Credit Report
When you apply for Care Credit through Synchrony Bank, the lender conducts a hard inquiry to assess your creditworthiness. This inquiry is recorded on your credit report under SYNCB/CCDSTR and can cause a temporary drop in your credit score.
How SYNCB/CCDSTR Hard Inquiries Affect Your Credit Score
A hard inquiry from SYNCB/CCDSTR typically lowers your credit score by a few points. While one inquiry has a minimal effect, multiple inquiries within a short period can have a more significant impact. Too many hard inquiries may signal potential risk to lenders and affect your chances of getting approved for credit.
How Long SYNCB/CCDSTR Stays on Your Credit Report
Hard inquiries like SYNCB/CCDSTR remain on your credit report for up to two years. These inquiries are tracked by Equifax, Experian, and TransUnion, the three major credit bureaus. Over time, their impact on your credit score diminishes, with most credit scoring models disregarding them after one year.
Addressing Unauthorized SYNCB/CCDSTR Inquiries
If you find an unauthorized SYNCB/CCDSTR inquiry on your credit report, it’s essential to resolve it quickly. Contact Synchrony Bank to confirm the reason for the inquiry and determine whether it was authorized. If it wasn’t, you can dispute the inquiry 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/CCDSTR from Your Credit Report
If you believe that SYNCB/CCDSTR should not be on your credit report, you can dispute the inquiry directly with the credit reporting agencies. For additional help, credit repair companies like Credit Saint specialize in removing unauthorized hard inquiries, such as SYNCB/CCDSTR, and other negative marks, including late payments, collections, charge-offs, foreclosures, repossessions, and bankruptcies.
Take Action to Improve Your Credit
If your credit score is being affected by hard inquiries or other negative items, it’s important to address the issue as soon as possible. Consider contacting a reputable credit repair service like Credit Saint, which offers free consultations and has a strong track record of helping clients repair their credit. Visit their website, complete the form, and take the first step toward achieving a healthier credit profile.
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