All SYNCH Accounts locked ! Done trying with the credit game !

[Anonymous]

ALL ACCOUNTS LOCKED!!!! Been silently following this thread ... just woke up to try to pay Amazon, "There is a problem with your account" lol .... i really do not get it seeing as I havent apped for anything new in MONTHS, score has been stable for the most part (680s), no baddies in years, and UTIL 25-28%. SYNCH is a strange bird indeed....

So what is this people? Identity verficiation? 4506 ?

this is confusing as heck! Honestly I dont care, I will just close the accounts out -- not a huge deal seeing as I hardly use most of them and admittedly use them for padding UTIL. I just like everyone else, wants to know what is going on with this bank suddenly! I have like 8 cards with them, so that may be it and i recently moved .. many of my cards with them have no balances. On hold now, with "Verification Unit"... we shall see!  Anddddd *UPDATE:  Just got the "you will be recieivng a letter packet in 7-10 days to fill out and return to us for evaluation blah blah" ... so is it looking like 4506 or wahtever ?  they will not say anything !!  He said they can not complete "secure identifcation" and there may be an associated change to the account ?  So it sounds half like verification, more than income idk .. he mentioned fake charges too.  Totally lost!!  

[Anonymous]

I hate this. I am about to move in a couple of weeks and I am fearful of changing my address with any of my cards because I am afraid they will lock my account!

[AverageJoesCredit]

Dang Joeyzoom, sorry to hear this. And the hits keep on coming. I hope everything turns out ok for you but if not and you decide to close your accounts, maybe the grass will be greener with your other creditors. Best of luck....

[Anonymous]

Sorry to hear Joey.  They are going off the deep end with all these closing and lock outs.  Going to lose a lot of customers this way.  Try not to give up completey.  You're doing well with your other accounts and have stayed out of trouble lately. :-). You can live without the Synchrony accounts.

[kdm31091]

Although it's not what people want  to hear, I think Synch is reviewing accounts and seeing people who have opened an abnormal number of accounts in the past year (or whatever timeframe) as compared to the general public. This is cause for alarm, so they want to verify you are who you say you are, and your income is what you say, etc. This is probably only one factor in these shutdowns, but I'm sure it's a factor.

As much as it makes people annoyed and angry, from a business POV, it makes sense. They're managing risk. Most consumers do not open anywhere near the amount of cards we do, so when someone reviews it, it looks bad and they want to make sure your identity hasn't been stolen or anything like that. This is just my hypothesis.

Anyway OP, sorry to hear it. You certainly do not have good luck in the credit game, but you have slowed down lately with new cards, so just keep plugging away, paying your bills and gardening. Things will calm down.

[Anonymous]

What a shame! So many people really like synch including myself!

[Anonymous]

Sorry this happened to you OP. I really hope everything works out in your favor. Stay positive!

[Anonymous]

thank you guys!  Kdm you're right!!!  i have been so good lately -- but Synch seems to have some major issues going on, as  friend of mine from work who has never even heard fo MyFico's accounts were shut down on July 1 for the 4506t form, she refused to submit and she closed them all out (only 3 accts vs my 8-9 lol).

Regardless, Ill wait on snail mail and go from there.  After reading the threads here and Lexus Nexis garbage I will NOT be sending 4506 or tax info to them -- utterly ridiculous that they can do as they please with your information, as if the gov''t doesnt have enough information on our private lives.  Such a joke.  

I will post updates as they occur, but at this stage Im banking on saying Saionara!!  

[Anonymous]

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@kdm31091 wrote:

Although it's not what people want  to hear, I think Synch is reviewing accounts and seeing people who have opened an abnormal number of accounts in the past year (or whatever timeframe) as compared to the general public. This is cause for alarm, so they want to verify you are who you say you are, and your income is what you say, etc. This is probably only one factor in these shutdowns, but I'm sure it's a factor.

As much as it makes people annoyed and angry, from a business POV, it makes sense. They're managing risk. Most consumers do not open anywhere near the amount of cards we do, so when someone reviews it, it looks bad and they want to make sure your identity hasn't been stolen or anything like that. This is just my hypothesis.

Anyway OP, sorry to hear it. You certainly do not have good luck in the credit game, but you have slowed down lately with new cards, so just keep plugging away, paying your bills and gardening. Things will calm down.

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It's a logical hypothesis KDM. As you and Hum stated in another thread, we need to avoid bringing unnecessary attention to our accounts. 

[Anonymous]

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@Anonymous wrote:

thank you guys!  Kdm you're right!!!  i have been so good lately -- but Synch seems to have some major issues going on, as  friend of mine from work who has never even heard fo MyFico's accounts were shut down on July 1 for the 4506t form, she refused to submit and she closed them all out (only 3 accts vs my 8-9 lol).

Regardless, Ill wait on snail mail and go from there.  After reading the threads here and Lexus Nexis garbage I will NOT be sending 4506 or tax info to them -- utterly ridiculous that they can do as they please with your information, as if the gov''t doesnt have enough information on our private lives.  Such a joke.  

I will post updates as they occur, but at this stage Im banking on saying Saionara!!  

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Do you know how recent your coworker opened her accounts?