What the heck is going on with Synchrony?

[coldnmn]

Synchrony was never known to be the sharpest tack in the box. Example how they handle upgrades.

[RonM21]

---

@coldnmn wrote:
Synchrony was never known to be the sharpest tack in the box. Example how they handle upgrades.

---

lol. very true

[SouthJamaica]

Has anyone detected any kind of pattern to the new wave of Synchrony frozen accounts?

Is it triggered by

-- carrying balances

-- high utilization

--other things?

[Anonymous]

---

@Anonymous wrote:

---

@kdm31091 wrote:
And it's fine to not want to give them, but my point is it's not like it's absurd or unique for Synch to want to verify that you'll pay back your debt by collecting your tax forms. It's all business.

---

But, IMO, it is absurd of them to require it be sent to LexisNexis who can than share it with anybody. Now that I know what is really happening with our tax transcripts, my response to any 4506-T request will be pound sand.

---

+1000 CAPTOOL!!

I can't believe lenders would think it's ok to share our tax transcripts with 3rd party data collectors - that's disturbing on so many levels. I saw Humu's post earlier that said even lenders like Chase do this when we give permission for the 4506-T form. That's BS if you ask me. 

[Anonymous]

It seems like a wide range of things which many seem to fit under the "bust out fraud" sheet from experian that UncleB posted.  I wonder if they are following that as a resource for their "cleaning house".  Unless it has something to do with their additional financial matters, or both.

http://ficoforums.myfico.com/t5/Credit-Cards/Synchrony-accounts-locked/m-p/4669043#M1353158

[disdreamin]

---

@Anonymous wrote:

+1000 CAPTOOL!!

I can't believe lenders would think it's ok to share our tax transcripts with 3rd party data collectors - that's disturbing on so many levels. I saw Humu's post earlier that said even lenders like Chase do this when we give permission for the 4506-T form. That's BS if you ask me. 

---

Yeah, if that's the way the 4506-T form works, AmEx or whoever can have access to it when they pry it from my cold, dead hands. I will NEVER release that information if it's going into a clearinghouse where everyone has access to it. All the SSN's on the tax returns alone make me nervous, and I'm assuming all that would show on the transcript too.

[Anonymous]

Again, incredible info in this thread! You guys rock!!!

[ccpat]

I logged into my Walmart account today and the first thing that popped up was income verificiation but Gap did not.  Gap CL is $3000 and Walmart is $3900. Total exposure is about $13K.  Looks like income could be the trigger for all of this. 

[AverageJoesCredit]

I checked all my accounts this morning all seems to be good. Will mention though as i did log on full site of Amazon and decided to request cli through luv button as ive never seen it before nor had i tried it. Asked for updated income like 2 or 3 times , seemed kind of insistant. I actually did update it as my wife has recently begun to work again so have more access to her income for household. Was told would get a letter within 30 days so if anything comes about ill be sure to let everyone know. This was actually before this thread but for sure im gonna chill on the cli requests with Sync. Maybe once or twice will be sufficient so as not to be constantly looking for more credit. My game plan anyway

[Anonymous]

Synchrony is the only lender that I have less exposure with them. My two accounts are active !!