I'm curious, my recent charged off with Amazon Store Card (Last was May 2021) with them and it was paid in full via settlement agreement and its shown $0 on my credit report but it's showing negative (5 missed payments) and tried to work with them to clear it up, seems they refused.
How long will this fool will get this bad record taken off, it wasn't my fault due to COVID but seems Synchrony stand their decision and how I can conveince them or just let it go and wait other year or don't apply again with them?
Any input is appreicated. Thanks
7 Years to come off your credit report but it's effects will lessen some after 2-3 years. I's say it will be quite some time too before Synch lets you back in if ever.
@Anonymous wrote:I'm curious, my recent charged off with Amazon Store Card (Last was May 2021) with them and it was paid in full via settlement agreement and its shown $0 on my credit report but it's showing negative (5 missed payments) and tried to work with them to clear it up, seems they refused.
How long will this fool will get this bad record taken off, it wasn't my fault due to COVID but seems Synchrony stand their decision and how I can conveince them or just let it go and wait other year or don't apply again with them?
Any input is appreicated. Thanks
12-24 months you can get Sync cards again but which ones are hit and miss... luckily they seemed to finally update the system to not hp if they are declining because of past history but when you pay sync they are very relaxed about starting over!
@Anonymous wrote:I'm curious, my recent charged off with Amazon Store Card (Last was May 2021) with them and it was paid in full via settlement agreement and its shown $0 on my credit report but it's showing negative (5 missed payments) and tried to work with them to clear it up, seems they refused.
How long will this fool will get this bad record taken off, it wasn't my fault due to COVID but seems Synchrony stand their decision and how I can conveince them or just let it go and wait other year or don't apply again with them?
Did you work with Synchrony at the time? I'm lucky that I wasn't affected financially by COVID, but in its heyday I kept hearing about landlords, utilities, credit cards, banks, etc., working with customers who were struggling due to the pandemic, and making arrangements so they'd both come out okay. Did you contact Synchrony and explain your situation? If so, did you make payment arrangements? Or what? I know you ended up paying it off as part of a settlement, but what led up to that?
If you were working with Synchrony at the time and you kept up your part of the arrangement, then they should remove those negative marks. But if you simply assumed that, well, everyone's impacted by COVID, so they'll understand....not so much.
@ptatohed wrote:You can try that. Next, if you can't get it removed, you can add a Consumer Statement to the derogatory item.
And that will do absolutely zero for him. Creditors don't care about the Consumer's Statement on Negative Reporting items and it will not over-ride them.
@NightTrader wrote:Hi I have been able to get back in with Synchrony Bank thru PayCredit only in 2021 but all other prequalifications (amazon store, care credit, lowes, amazon secure card, PayPal mastercard, and others) have been denied for the same reason you have. I had one account for 1.5K included in bankruptcy in 2020 with Synchrony Bank. I have Paypal debit card and a Paypal account for a while.
Datapoints
My scores range from 680 to 695.
Bankruptcy filed 7/2020
Bankruptcy discharged 10/2020
-KnightTrader
Same. Had a few accounts that went to collections w synch (Walmart, PayPal connect, Amazon, care credit) back in 2017.
They approved me for PayPal Credit in 2020.
