@Anonymous wrote:Could have been some sort of a random review. Or, something flagged somehow. I'll scan the letter as soon as I get it
+1
I agree that's it's best to simply wait for the letter, and follow the instructions from there.
I've shared a link on here before to an Experian white paper on "Bust Out" fraud, and it's a surprisingly good read if you're into credit matters.
http://www.experian.com/assets/decision-analytics/white-papers/bust-out-fraud-white-paper.pdf
I'm not saying this is what Synchrony suspects or is any part of the problem, but I found that when I read over the paper many of the behaviors that 'flag' on Experian's model seem to be rather common for many of us.
In any case, it's worth knowing what the issuers might be looking for or at a minimum what behavior might be considered 'odd' for the general population. 
Fascinating white paper, Uncle B. And interesting how some of the data points they use could easily be (mis) interpreted as malicious from many of the people on these forums who are honest and just trying to add accounts and obtain CLIs because that's how we roll here. I also suspect they dumbed down some of what they use to discover "Bust Out" in the white paper so the criminals can't refine their system even more. The algorithms the CCCs use must be amazing.
Great post.
@UncleB wrote:
@Anonymous wrote:Could have been some sort of a random review. Or, something flagged somehow. I'll scan the letter as soon as I get it
+1
I agree that's it's best to simply wait for the letter, and follow the instructions from there.
I've shared a link on here before to an Experian white paper on "Bust Out" fraud, and it's a surprisingly good read if you're into credit matters.
http://www.experian.com/assets/decision-analytics/white-papers/bust-out-fraud-white-paper.pdf
I'm not saying this is what Synchrony suspects or is any part of the problem, but I found that when I read over the paper many of the behaviors that 'flag' on Experian's model seem to be rather common for many of us.
In any case, it's worth knowing what the issuers might be looking for or at a minimum what behavior might be considered 'odd' for the general population.
Very very interesting indeed.
@UncleB wrote:
@Anonymous wrote:Could have been some sort of a random review. Or, something flagged somehow. I'll scan the letter as soon as I get it
+1
I agree that's it's best to simply wait for the letter, and follow the instructions from there.
I've shared a link on here before to an Experian white paper on "Bust Out" fraud, and it's a surprisingly good read if you're into credit matters.
http://www.experian.com/assets/decision-analytics/white-papers/bust-out-fraud-white-paper.pdf
I'm not saying this is what Synchrony suspects or is any part of the problem, but I found that when I read over the paper many of the behaviors that 'flag' on Experian's model seem to be rather common for many of us.
In any case, it's worth knowing what the issuers might be looking for or at a minimum what behavior might be considered 'odd' for the general population.
thats a good article uncleB, I've come across it before on some google searches and first party fraudsters can me worse than the theives that want to bust out with my credit.