@Anonymous wrote:
I wake up this morning to find the eight synchrony cards have been closed. 75k worth of credit limit gone. I called in and talked to five different people and they do not even know why this happened. It's being escalated to their credit departments. Keep in mind I make well over 200,000 a year by credit score is 805 across the board. I could not be given a reason why this happened. It is literally shocking. Also I never carry balances on any cards that I do not have a promotional 0% interest rate
Hi @Anonymous - welcome to the (unfortunate) section of the SYNCB closures.
The agents aren't going to be able to do much, unfortunately. This is all internally driven so to them they just see the accounts as being closed with a letter generated. So, you'll likely receive correspondence indicating a reason why they decided to exit the relationship. On the surface, it appears the overall high exposure might have been the issue, but we don't really know -- regardless of your income, profession and/or scores. Something triggered a review (which is irreversible) and accounts got automatically closed.
Were there any particular changes in your credit profile in the past 6-12 months? Things like obtaining any installment loans, like a vehicle, any student loans, a mortgage, etc.? You mentioned $75K in total lines across 8 cards. How often were you requesting credit line increases on any of them? Since you may be able to access your SYNCB accounts, do you recall what your last VS4 scores were? Also, do you know what the negative reason codes were, if listed?
