Sorry, but I totally agree with OP on this one. Synchrony can pis* off! I'm sorry, but I find the whole pratice of SPing ones credit to "watch us" and spy on us very invasive, and perhaps I am in the minortiy here, perhaps not -- but PEOPLE lets not forget there was a day not too long ago, before credit reports were computerized, when a lender approved you and kept your account active based SOLELY on your relationship with THEM, and your payment history with THEM. SPing was not a thing when credit reports were not fully computerized (at least not the way they are so easily accessible now), and lenders relied on your account with THEM. Was default higher then? Possilby, but not for all.
I can understand AAing someone for sudden delinqunicies on other accounts, new collections, COs, or Public records. I do not understand AAing someone or UTIL spikes, inquiries, or new cards. Im sorry, but SP is a small snapshot in time, and scores can change literally overnight with UTIL spikes or paydowns. People can incur a UTIL spike simply for the reason of they forgot when to pay their bill to let it report at $0 (ie not late, paid on time but then charged again before statement cut on accident - this has happened to me). Playing the credit game is exhasuting, and frankly annoyng as hell, trying to figure out when to pay each card to prevent anything reporting, when not to charge etc. Who cares. Unless you are going for a loan, mortgage etc -- your score is a bunch of BS and in no way accurately measures your creditworthiness which is why many BIG LENDERS (CHASE, Barclay) state they are no longer FICO LENDERS I got approved for my APPLE Card with a 570 in 12/14. Yes, a 570. $3000. I got approved for a CHASE RITZ with under 680 I believe, $7500. I closed Apple myself after 1.5 yrs, and Chase is alive and well.
Case in point: Last month, AMEX SP'ed me and my score was showing 654. Why? I accidentally let a big balance report on another card becasue I charged after paying it off and before statement cut. Meanwhile On another card, I paid down from $4300 to $0 ($7000 CL), and that reported 4 days later -- my score jumped to 683. So, what AMEX saw was nearly 30 points lower all due to a simple timing error. No AA, but still. Ridiculous, and the only thing it shows is that the conumser (me) had a mind slip and nothing more.
My point is that the reasons they are freezing accounts is absurd in most cases. I am with OP on the lexus nexus crapola too -- a complete joke. These are STORE cards, and some high rate VISAs -- NOT A HOME LOAN. Get a job !! No way would i allow my information to be sold to third parties -- this county has enough control of its citizen's lives, no way in hell. We need to hang on to the last bit of privacy we have left!!
OP dont pay attention to the credit-obsessed people here, who think you need a constant score of 700+ to function s a normal human being in life. Pay your bills on time always, dont let accounts go to collections ever, dont rack up insane amount of INQs, keep your balances low (WHEN you can, life happens) and pay your taxes. If a lender AAs you, tell them where to put it. And for Rump's sake, live LIFE!!!! :-)
