@Anonymous wrote:
@Anonymous wrote:Right, but I am also trying to perform a service by pointing out the endeavor is doomed.... I've been involved with several such pattern finding attempts on FT (5x TYP shutdowns, Amex OBC, Serve, Bluebird) and in the end, it is way too noisy with the limited data to be successful.
So it may be good to try to help, but don't confuse it with actually helping.
You know, I think we'll let the board decide who is helping whom, since we come here to help each other, and it is actually helping people. No need to tell others what they need to do. We're all doing just fine in working together.
Whether we find a pattern or just uncover some helpful information along the way, we're discussing some valuable information and doing so because we find it helpful. No one is suggesting it's a statistical analysis.
Have a great day.
+100 ...as in I just found this thread after requesting a CLI on my Marvel MC last night!!! wish I could go back in time. I'll definitely be laying low with Sync and paying off or down my AmazonPrime card tomorrow. "Knowledge is Power" as the saying goes...and you gain knowledge through information. The Lexis Nexis income verification is particularly important!!! Especially for those of us who have significant incomes but sizsable portions of which are more difficult to prove.
@Anonymous wrote:
@happy0510 wrote:Just chiming in to say I have 2 accounts with them (Care Credit & Sleep Number) and I have not received anything from them. My accounts are still accessible. However, they were paid off and have been dormant since last October.
You will want to make small purchases on both very soon if you can. As part of the risk mitigation strategy, Synchrony is increasing vigilance on dormant accounts and will target some for closure starting at month 13 of no activity. This allows them to easily cut their exposure while minimizing negative consumer reaction. Killing dormant accounts causes less issues than AA on active accounts. Wall Street wants to see Synchrony reduce its exposure to potential risk. Active credit lines are exposure, so you start by trimming dormant accounts and then you create an algorithm to look for red flags of potential problems. Synchrony has these now: outliers with above average number of Synchrony-backed credit products, particularly if opened within a short window of time, any evidence of late pays on any cards noticed during reviews, questions about income/ability to pay, and evidence of credit manipulation -- too many CLI requests, using their cards to help build total available credit, app sprees, etc.
One analyst warned medical debt can be a huge flag for potential financial collapse and CareCredit should be a red flag all its own, especially if balances grow with minimal payments to knock it down. These days it is all about identifying your problem customers and mitigating risk before they become a problem.
+1000 on this.
Also, keep in mind that a number of myfico members have reported large CLD's on Synchrony cards after 4 or 5 months of non-use of that card. None of us knows the "magic number" for how often Synchrony cards need to be used to prevent CLD, so take those cards out of the sock drawer today! 
Thanks for the update ohreally!
Sorry.. is synchornony who owns amazon store card?
nevermind it is. But TY for the FICO 08 score!
@barthooper wrote:
@Anonymous wrote:While Synchrony has been behaving in an unpredictable manner lately, I don't think she should be concerned with only one account, unless her utilization is very high or unless she has opened a ton of other accounts lately. She should be fine.
Use the card every 1-2 months for even a small purchase to maintain a regular record of activity, keep utilization reasonable, and asking for just an occasional CLI when needed instead of several mega CLI's should help.
I would not let the card go too long without usage, as CLD's have occurred with Synchrony when a card goes a number of months without usage. None of us know the exact number of months for this to occur, but two people have reported CLD after 4 and 5 months of non-usage. To be safe in that arena, I'd say to use the card at least every other month.
If her card is a store card, they may upgrade her to the AEO Visa once she demonstrates regular usage and payments.
Hope she enjoys her new card!Thanks for the advice. It actually is the AEO Visa. I didn't think of the possibility of there being just a store card since I'm not very familiar with it.
Happy to help if I am able to do so! That's great that it is the AEO Visa - I have the AEO Visa as well.
With mine, I use it monthly for a small charge and pay in full. I do make sure to use it every month.
If your wife is interested in obtaining a CLI at some point, I would recommend increasing the usage to show the need for a CLI. Asking for a reasonable CLI that is relative to her level of spending and keeps her utilization in check is a good idea.
Another thought - carrying a small balance once in a while would probably not be a bad idea and would give Synchrony a minor amount of accured interest, which banks do like. Throw them a bone on occasion.
