SYNCB/TJX CO DC is what’s known as a hard inquiry. Hard inquiries occur when a lender pulls your credit report when applying for a loan.
Generally you can remove inquiries from your report if any of the following has happened:
SYNCB/TJX CO DC reviewed a copy of your credit report(s) to decide whether or not to lend to you, which appears on your report as a hard inquiry.
Lenders are required to report hard inquiries everytime they pull your credit reports because you asked for credit. They use this reporting to track how often you’re applying for credit cards, loans, etc., which in their eyes makes you a higher risk.
If you don’t recognize this company, consider what else you may have applied for around the date of the inquiry, as many times businesses will use 3rd parties to pull credit reports which regularly causes confusion.
Hard inquiries, or hard pulls, occur every time you apply for credit and a lender needs to pull your credit reports to make an informed decision whether or not to approve you.
The most common reason for these are when applying for:
If you believe an SYNCB/TJX CO DC inquiry on your credit report to be inaccurate or unauthorized, disputing it with the three major credit bureaus (Experian, Equifax and TransUnion) is important. To achieve this goal successfully, send a letter documenting your dispute along with any relevant evidence such as receipts or emails that support it.
Credit bureaus conduct an investigation of your dispute and have 30 days to respond. If they determine the inquiry to be inaccurate or unauthorized, it will disappear from your report. However, if confirmed valid, the entry can stay visible for up to two years on record.
Applying for credit can affect your score, but the impact is usually minimal and just temporary. Lenders view hard inquiries as a sign you're in the market for more credit -- thus increasing perceived riskiness -- yet this effect fades with time.
A hard inquiry on your credit report could slightly reduce your score, but the exact impact depends largely upon how solid and long-standing a record of good borrowing you possess. If you've maintained strong financial habits over time then it's unlikely such an inquiry will make much difference – whereas those with more recent or spotty histories may take a bigger hit.
Hard inquiries, like the one you received from SYNCB/TJX CO DC, can affect your credit score in the short term; however their effects won't linger for long. In most cases hard inquiries will no longer be considered after a year and remain on your report for up to two years.
Hard inquiries (like SYNCB/TJX CO DC) will remain on your credit report for a maximum of 2 years, regardless of whether or not your credit with Synchrony Bank/T.J.Maxx Companies DC was approved. Depending on the scoring model used, hard inquiries will stop affecting your score between 3 to 12 months.
If you’ve ever received a pre-qualification offer for a credit card, auto loan, mortgage, or anything else of that nature, a soft inquiry, or soft pull, was used. Unlike hard inquiries, soft inquiries have nothing to do with you requesting new credit, and as such they’re not visible to anyone except you and do not lower your score.
If the inquiry is a result of identity theft, then yes, TBOM/CONTIN can be removed from your credit report, this is something we can help with.
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