@CreditInspired wrote:
@Anonymous wrote:My credit history is fairly new.
My oldest credit card is not a year old yet,
What is the worst that can happen if I file the 4506-T?
is this going to **bleep** my credit from now on?
Thanks for replying
Hi and welcome to MyFICO,
It sounds like you might get the blue envelope and it seems the reason is because you applied for several CCs in less than a year. The only way it will have a negative impact on your credit is if they close your cards and you have high UT. Also, you will get different reasons why people will or will not give Synchrony the IRS 4506-T form. My reason for a no is because I don't want a CC that deep into my business. Others feel it's not a big deal. So, it's up to you whether you want to or not.
It might be worthwhile to read the other posts in this thread?
OP has not even $5k of new Synchrony cards. There is no “Blue Envelope” yet, and it is quite possibly / likely to be just address verification. For $5k I doubt a bank wants to go through the administrative effort of a 4506-T.
Wow, i wonder what the color of this thread is??
Welcome Op to the forum
. With your current exposure and being told its fraud related, the chances of it being a blue envelope are slim. No, a csr wont come out and say " Blue Envelope" lol, th as ts a term we coined here. 3 cards from Sync in 2 and half months is not the end of the wirld no matter what anyone says. Sync just happens to manage alot of Store cards or credit cards that many people use, some of us are bound to app for more than 2. It might have sparked something in their computers or it could be something in your profile did. Just wait for the letter and go from there. The 2016 thread was the real deal and though we will never truely know the main cause, it usually revolved around multiple apping in 30 days, high exposure or for many who made high income seemed to be key figures. Good luck op
Welcome Op to the forum
. With your current exposure and being told its fraud related, the chances of it being a blue envelope are slim. No, a csr wont come out and say " Blue Envelope" lol, th as ts a term we coined here. 3 cards from Sync in 2 and half months is not the end of the wirld no matter what anyone says. Sync just happens to manage alot of Store cards or credit cards that many people use, some of us are bound to app for more than 2. It might have sparked something in their computers or it could be something in your profile did. Just wait for the letter and go from there. The 2016 thread was the real deal and though we will never truely know the main cause, it usually revolved around multiple apping in 30 days, high exposure or for many who made high income seemed to be key figures. Good luck op
@Anonymous wrote:
Thanks a lot for your response,
I forgot to mention the Synchrony CSR said they were fraud protection and that the letter would provide instructions to give "verification" information.
it still worries me a lot, I had never heard of LexisNexis until today lol.
I guess it's wait and see, I do have a balance now but it's nothing I can't pay at once.
Thanks again.
@OP
If that’s the case then it’s more than likely just a security or ID verification letter and NOT the dreaded Sync Blue Envelope of Death!
Maybe edit the title?
Mere mention of that “blue..” word makes everyone here jumpy and not everyone is inclined to go through the whole thread just to post a comment.
@JR_TX wrote:
@Anonymous wrote:
Thanks a lot for your response,
I forgot to mention the Synchrony CSR said they were fraud protection and that the letter would provide instructions to give "verification" information.
it still worries me a lot, I had never heard of LexisNexis until today lol.
I guess it's wait and see, I do have a balance now but it's nothing I can't pay at once.
Thanks again.
@OP
If that’s the case then it’s more than likely just a security or ID verification letter and NOT the dreaded Sync Blue Envelope of Death!
Maybe edit the title?
Mere mention of that “blue..” word makes everyone here jumpy and not everyone is inclined to go through the whole thread just to post a comment.
My heart quite literally sunk in my chest when I saw the thread go up last night and I had to compose myself before I could read it so I agree 😂
Yeah but James, where do you cash THAT?
