What is SYNCB/ONDC?
SYNCB/ONDC refers to Synchrony Bank/Old Navy Discover Card. If this code appears on your credit report, it likely means you applied for an Old Navy Discover credit card, which is issued by Synchrony Bank. This code shows up as a hard inquiry, indicating that Synchrony reviewed your credit to decide if you qualify for the card.
Hard inquiries are a common part of the credit application process and can influence your credit score, even if your card application was denied.
What SYNCB/ONDC Means on Your Credit History
SYNCB/ONDC is tied to a credit check that occurs when you submit an application for an Old Navy Discover credit card. Synchrony Bank uses this hard inquiry to assess your financial standing and creditworthiness. The inquiry appears on your credit report regardless of whether your application was approved or not, and it signals to other lenders that you have recently sought new credit.
It’s important to note that while one or two hard inquiries won’t significantly impact your credit score, having too many in a short period can be more harmful.
How SYNCB/ONDC Hard Inquiries Affect Your Score
When Synchrony Bank checks your credit for an Old Navy Discover card application, the inquiry can slightly reduce your credit score—typically by a few points. This small dip in your score happens because applying for credit is seen as an indicator of increased risk to lenders. However, if you accumulate multiple inquiries over a short time, lenders might view you as a higher risk, which could affect your chances of getting approved for credit in the future.
To protect your score, it’s wise to avoid applying for too many credit accounts in quick succession, especially if you are planning larger financial moves.
How Long SYNCB/ONDC Will Remain on Your Credit Report
SYNCB/ONDC hard inquiries will stay on your credit report for up to two years. These inquiries are recorded by the major credit reporting agencies—Equifax, Experian, and TransUnion—and remain visible to other lenders during this period.
While the effect of the inquiry on your credit score is most noticeable in the first few months, the impact diminishes over time. After 24 months, the inquiry will automatically be removed from your report, and it will no longer affect your score.
Addressing Unauthorized SYNCB/ONDC Inquiries
If you see a SYNCB/ONDC inquiry on your credit report that you didn’t authorize, it’s important to act quickly. Unauthorized inquiries can sometimes indicate identity theft or reporting errors. Here’s how to handle it:
- Contact Synchrony Bank: Reach out to Synchrony Bank to verify the details of the inquiry. They should be able to confirm whether it was made in error or if there was a legitimate reason for the inquiry.
- Dispute the inquiry with the credit bureaus: If the inquiry was unauthorized or incorrect, file a dispute with the major credit bureaus—Equifax, Experian, and TransUnion. Disputing unauthorized inquiries can help remove them from your credit report and protect your score.
- Monitor your credit: Keep an eye on your credit report to catch any unusual activity. Regular monitoring can help you spot unauthorized inquiries or errors early, allowing you to take swift action to correct them.
Removing SYNCB/ONDC Inquiries from Your Credit Report
If you believe that the SYNCB/ONDC hard inquiry on your credit report is inaccurate or unauthorized, you can dispute it with the credit reporting agencies. Reputable credit repair companies like Credit Saint can help you manage this process.
They have a track record of successfully removing negative items from clients’ credit reports, including:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Take Control of Your Credit Today
If you’re struggling with a bad credit score and want to take action, consider a free credit consultation with Credit Saint. They have extensive experience helping clients improve their credit scores and remove negative items from their credit reports.
Visit their website and fill out the form to see what they can do for you. Don’t let an inaccurate SYNCB/ONDC inquiry or other negative items hold you back – take control of your financial future today!
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