Synchrony Bank randomly closed 2 of my cards

[UncleB]

I think another important 'take-away' from this is that the letter sent to the OP referenced EQ.  Most people only think of TU when they think of Synchrony.

While they (usually) use TU for approving a new account, this is a good reminder that Synchrony can make use of the other bureaus if they feel the need, even for an established account.

[ddemari]

Barclays did this too me before and decided to SP EQ when dealing with me about something. But its all different for everyone. AA over at Synch is shocking to me but next if I hear AA over at capitalone I'll really be wide eyed! 

[Anonymous]

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@UncleB wrote:

I think another important 'take-away' from this is that the letter sent to the OP referenced EQ.  Most people only think of TU when they think of Synchrony.

While they (usually) use TU for approving a new account, this is a good reminder that Synchrony can make use of the other bureaus if they feel the need, even for an established account.

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Yep, I have soft pulls from Synch on both EQ and EX.

[kdm31091]

AA can happen from any lender and the perception that certain lenders give immunity from it needs to stop. Comenity, synchrony, and capital one can all take AA if warranted. People write "such and such lender will never take AA" and thats a falsehood. Sorry to hear though OP.

[CreditMagic7]

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@kdm31091 wrote:
AA can happen from any lender and the perception that certain lenders give immunity from it needs to stop. Comenity, synchrony, and capital one can all take AA if warranted. People write "such and such lender will never take AA" and thats a falsehood. Sorry to hear though OP.

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Indeed.

False presumptions can lead to shock.

Just because they don't normally as a whole or haven't yet never means that they won't.

Another reason to cautiously respect your credit profile AND your creditors.

Even then they can still drop that hammer at any time and for any reason.

[Anonymous]

Are creditors able to view credit score with a soft pull when they perform a random audit?

[CreditCuriosity]

Certain lenders are ALOT more prone to do AA than others.. Yes it can happen from any lender..  What is the ratio of AA comparing Cap 1 to say ummm Barclay's or Us Bank about.. I tend to think you are more likely to get struck by lightening then get AA from Cap1, with that said AA from Us Bank or Barclay's among other lenders well this is mighty common.

[CreditCuriosity]

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@Anonymous wrote:

Are creditors able to view credit score with a soft pull when they perform a random audit?

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Yes.. Some lenders do it multiple times a month (depending if they get reports that you are applying for new credit from the CRA's, some do it monthly, some bi-monthly and some only a few times a year.. Just varies on credit profile along with lender, etc.   They will all SP you sometime, just how much varies..  Wonder why Fico's are free w/alot of lenders?  You got it, that is a SP of them checking up on you!

[Discover2016]

Most creditors will actually SP you right after you add an inquiry to your report, I noticed that recently when I printed my report. Right after I applied for my Chase cards, Amex would SP me the next day, I think the main reason they do that is to see if a brand new account reports with a huge balance, which might be a sign of financial trouble. They dont seem to mind if the new account reports with $0 balance in my experience.

[ddemari]

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@CreditCuriousity wrote:

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@ddemari wrote:

Sorry op, i am hearing about comenity and synch AA today and its a little weird! 

has their ever been problems with your account and fraud issues or verification stuff? 

Random synch internal audits, a new one to me although banks do it, u just dont hear a lot of synch. 

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more reports of this today?  Source?  

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Sorry I didnt see this earlier! I was reading on iphone and thread doesn't flow right. 

DrByte- comenity closue downs 

Altrrt- synch close downs

matwar- comenity close down