Synchrony Bank Randomly closed 2 cards

[AverageJoesCredit]

Wow, that does stink. Sorry to hear this. It does appear random with stats provided. Only thing i can think of is some type of fraud concern. Any issues with id theft?

[Anonymous]

Not that I know of.

[Anonymous]

Were any of your payments rejected by your bank but you still managed to get another payment in on time?

[Anonymous]

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@Anonymous wrote:
Were any of your payments rejected by your bank but you still managed to get another payment in on time?

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Nope. Never ever late.... never ever had a payment returned. 

[woodyman100]

Financial Institutions use more than the big 3 Bureaus to evaluate accounts.

There are many many more Bureaus and data mining companies out there.

If I had to guess, something in a deep dark information pocket has popped up.

[Anonymous]

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@woodyman100 wrote:

Financial Institutions use more than the big 3 Bureaus to evaluate accounts.

There are many many more Bureaus and data mining companies out there.

If I had to guess, something in a deep dark information pocket has popped up.

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Possibly... I'm honestly at a lost. I've never had any issues with fraud or anything like that... The only thing i could imagine it being is something related to my name change... had a name change earlier this year... had to send a bunch of stuff to walmart creditcard services to verify and get everything switch over. Maybe when they pulled the credit report for the amazon store card they realized the walmart one was pulled under a different name? My credit reports reflect the change though so I honestly have no idea. I've had a few hours to cope with the sudden lost, haha... Gonna follow some folks here advice and take the L on this one; build the other cards i have for this next year or so. Have way too many inquiries and recent accounts anyway so maybe it's for the best. 

[mrldp40]

After 7 months of no c l I i closed mine 200 wasn't working for me

[AverageJoesCredit]

Somehow someway, i believe you hit the nail on the head. The changing of your name could have been the catalyst. Its possible with fraud on the rise, whether the name change was legitimate, it set off some sort of trigger. Maybe they like to have all their i's dotted and t's crossed when doing their reviews. Was the name change due to marriage or some other reason if you dont mind sharing?

[Anonymous]

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@AverageJoesCredit wrote:
Somehow someway, i believe you hit the nail on the head. The changing of your name could have been the catalyst. Its possible with fraud on the rise, whether the name change was legitimate, it set off some sort of trigger. Maybe they like to have all their i's dotted and t's crossed when doing their reviews. Was the name change due to marriage or some other reason if you dont mind sharing?

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I agree; right now it's the only explanation that makes any sense to me at least until i receive the paper mail that is apparently supposed to disclose the reason. I got my name changed some time back in july. Full name change for reasons related to being a Jr and not actually having a relationship with the guy. Took my gf's (now wife) grandfather's last name so that when we married she could have it. Credit was dragging before then because i had things on my credit that actually belonged to my dad (settlements from before i was born and things like that) not to mention i was terrible in my youth with credit. By the time i actually got the name change my credit was actually doing good with my car loan, wells fargo (secured card), chase amazon and the walmart card giving me some life. Had to send verification of the name change to walmart card services (not sure if that's actually synchrony or walmart)... i feel like that's probably where the miscommunication could've possibly happened. I mean it would make sense with the new amazon card and them realizing "wait this guy also has a walmart card with us and the credit report pulled for that card has a different name!! *panics*"... haha, idk.

[AverageJoesCredit]

This could be it. I would probably let things settle then with Stnc for now. Continue working your credit, and make sure all your reports have your correct name and social. When you app orher cards, you should be fine. In a year, if you still want any card from Synchrony you might try again, as they wventually forgive even those who burned them. Chalk it up to a good lesson to learn and grow from it Happy Holidays