What does this mean from synchrony bank ?

[redpat]

---

@Anonymous wrote:

---

@redpat wrote:

---

@Anonymous wrote:
Lol at "I don't have a spending problem, I was just taking advantage of the free interest promotion but am now $20k deep in debt."

That's the definition of a problem...to take advantage of an offer you put $20k (idk if it was a BT) buying up God knows what that you can't pay off. America has a problem, ugh

---

Depending on what your income is and savings 20k to some isn't much at all,

---

Perhaps CreditSnorfax was focussing on the phrase  "deep in debt"    If I have an amount I can easily pay off fairly soon, I wouldn't use "deep", just "I owe about $20K"

---

Good point, didn't read whole thread just paying off in three months comment,

[Anonymous]

$16k of it is on lowes. Did some upgrades on my house and the 4K was on a tv. Yeah the tv I could of just bought out right but why? When I can just have it paid off in 6 months or a year? Puts payment history on my credit and I didn't have to just drop 4K out of my bank in 1 day. I didn't over spend what I can afford if something like this happens. you don't know my income.

I don't know if I am reading your comment wrong but sure seems like your judging me but you don't know what my income is and what I can afford.

[ttleigh]

Yeah sounds like judging to me too. Not sure why people find the need to post pompous opinions on other peoples situations. Stick to the post and answer questions. maybe someone needs to charge stuff because they don't have money or maybe rather then spend investments or interest bearing savings they opt for 0 percent financing. Whatever who cares.
OP will you keep us updated on how your card posts on your credit report when closed? I am curious about what someone else said about the credit limit still showing in some circumstances.

[Anonymous]

Will do, I'm sure credit karma will tell me tomorrow, Fico takes bit longer to tell me

[Credit-hoarder]

---

@Anonymous wrote:

---

@Anonymous wrote:

---

@CreditAddict456 wrote:
I looked at my card and I owe like $20k to them and have about $50k total credit from them

---

That's why they got spooked.

---

+1

---

Not necessarily: OP has 8 accts with them--he could have put $10K on the Lowes card with the 0% financing to do a home project--and the rest could be divided up among the other 7 accts worth $33K in credit--nothing for them to really get shook up about depending on his income. It more than like had to do with how close to each other the accts. were opened....that seems to be a common pattern in these Synch lockouts.

[Anonymous]

If a credit card company approved me for a card and then months/years down the road they asked for income verification, I would tell them to kick rocks. Too much invasion of privacy IMO.

[Anonymous]

---

@Anonymous wrote:
If a credit card company approved me for a card and then months/years down the road they asked for income verification, I would tell them to kick rocks. Too much invasion of privacy IMO.

---

Obviously from a creditor viewpoint, it makes sense, you may no longer have the income you claimed on application.   I think what is missing is a good general not-too-intrusive (i.e. not tax transcript!) way to verify income.   Personally I would have no issue in sending in copies of pay stubs (or W2) but not everyone's income is in that form.   

[Anonymous]

sorry for your synch issues.

I also take advantage of 0% for the months companies offer. Why not? That money looks better in my pocket than theirs for the time allowed.  

And fwiw, it doesn't take much when you are doing a house reno to run a high balance, does it?    I know all about that one! LOL.

But the resale or rental income sure makes it worth it at the end!

Anyway, I appreciate you sharing. Will follow to see how it ends up for you. 

Again, sorry you're having to go through this with sync (and the negative comments).

[Anonymous]

Washer/dryer/refrigerator/ that added up to a lot just there. Then upgrades to other rooms. Sad to say it cost me. But I'm done and we're happy.

[Anonymous]

So my scores updated with the closure of the sync cards and the 2 cards with the balances did not report its credit limit, , so usage went sky high, but didn't take much affect which is wired but still showing high usage so we will see what happens to my other cards.
FICO TU didn't drop when reported all of them closed
FICO EX drop 5 points
FICO EQ Didn't drop either.