What is SYNCB/TJX CO DC?
SYNCB/TJX CO DC is a credit report code that stands for Synchrony Bank/T.J.Maxx Companies DC. This code might appear on your credit report if you’ve applied for a T.J. Maxx credit card issued by Synchrony Bank. When you apply for this type of credit card, Synchrony Bank performs a credit check, which results in a hard inquiry being recorded on your credit report.
Why SYNCB/TJX CO DC Appears on Your Credit Report
If you see SYNCB/TJX CO DC on your credit report, it’s most likely because you recently applied for a T.J. Maxx credit card. These credit cards, offered by Synchrony Bank in partnership with T.J. Maxx, are commonly used by customers to take advantage of store-specific rewards and financing options. The appearance of this code indicates that a hard inquiry was made to assess your creditworthiness.
The Impact of SYNCB/TJX CO DC Hard Inquiries on Your Credit
A hard inquiry from SYNCB/TJX CO DC can cause a slight dip in your credit score. While a single hard inquiry might only reduce your score by a few points, accumulating several inquiries over a short period can have a more noticeable effect. Multiple hard inquiries might suggest to lenders that you are actively seeking credit, which could be seen as a risk factor.
How Long SYNCB/TJX CO DC Inquiries Stay on Your Credit Report
The hard inquiry from SYNCB/TJX CO DC will remain on your credit report for up to two years. During this time, it will be recorded by major credit reporting agencies—Equifax, Experian, and TransUnion. Although the impact of a hard inquiry diminishes over time, the inquiry itself remains visible to potential lenders who may review your credit report.
Addressing Unauthorized SYNCB/TJX CO DC Inquiries on Your Credit Report
If you notice a SYNCB/TJX CO DC inquiry on your credit report that you do not recognize, it’s important to take action. Start by contacting Synchrony Bank to verify the details of the inquiry. If it turns out to be unauthorized, you should dispute it with the credit bureaus to have it removed from your report.
Removing SYNCB/TJX CO DC from Your Credit Report
If you determine that the SYNCB/TJX CO DC inquiry was made in error or without your consent, you may consider working with a credit repair company like Credit Saint. These firms specialize in disputing and potentially removing unauthorized inquiries and other negative marks from your credit report, such as late payments, collections, charge-offs, and more.
Improve Your Credit Score and Secure Your Financial Future
Don’t let a poor credit score stand in the way of achieving your financial dreams. If you need help repairing your credit, consider contacting Credit Saint for a free credit consultation. They have a history of helping people in similar situations and can provide the assistance you need.
Visit their website and complete the online form to learn more about their services and how they can help you boost your credit.
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