What is CITGO/SYNCB On My Credit Report?


Has a recent listing from CITGO / SYNCB reduced your creditworthiness?

If it shows up on your credit report, it’s likely a difficult query.

This type of request is added to your report when you apply for a credit card, line of credit, or loan.

CITGO / SYNCB represents the CITGO credit card issued by Synchrony Bank.

Whether you’re unsure of how hard queries work or you don’t know how CITGO got on your credit report, the guide below is for you.

We’ll look into how hard requests can affect your balance and help you remove fraudulent requests.

What is CITGO / SYNCB?

CITGO is one of the largest gas station chains in the country with over 5,000 branches in 30 states.

It is also one of Synchrony’s credit card partners.

Synchrony is a popular bank that offers award credit cards, including popular brands like:

  • Banana Republic
  • TJ Maxx
  • BP
  • Toy R Us
  • Ebay
  • PayPal

Synchrony’s CITGO Card gives you $ 0.05 per gallon of gasoline and $ 0.10 per gallon for the first 3 months.

Applying for a Synchrony or other credit card credit card application can result in a tough request.

We’ll take a closer look at the requests below.

If you are overwhelmed with handling negative entries on your credit report,
We encourage you to seek help from a professional credit repair company.

Ask Lex Law for help

How do hard requests work?

First things first, finding a hard query on your report after applying for funding is nothing to worry about.

Hard inquiries are a necessary step in securing credit cards and credit.

With them, lenders can get some insight into past use of credit and determine whether or not you are a responsible borrower.

When you make an application, you authorize the lender to obtain a copy of your credit report (s).

While some lenders stick to one office, others may consider all of your results.

This means your Experian, TransUnion, and Equifax reports could be affected by a request.

A hard query could lower your credit score by a few points and will be on your report for 2 years.

After 24 months, the request simply drops off your report.

While some tough inquiries should have minimal impact on your credit, it’s best to apply for new credit sparingly.

If you have more than one of these requests, lenders may be reluctant to approve your application, as it can make it seem like you have to rely on credit and credit cards to survive.

And a few points can pile up here and there, with a lot of queries having a significant impact on your score.

The above pointers only apply to hard inquiries, not soft credit checks that occur when checking your score or pre-qualifying for a loan or card.

You shouldn’t have any concerns about checking your credit score with a credit monitor app as it will not do any harm to your credit score.

How To Remove CITGO / SYNCB From Your Credit Report

A legitimate hard request might not be worth stressing, but an unjustified request is a red flag.

If you’ve never applied for a CITGO card, the request could be a mistake or worse, a sign of identity theft.

Even if it has virtually no impact on your score, you should still have the hard query removed from your report.

Here is how.

To stop a fight

There are at least two places to contact if your report contains a fraudulent request from CITGO / SYNCB: Synchrony and the credit bureaus.

You should contact Synchrony first to keep them updated on what’s going on and to request proof of your application.

With this information, you should contact the credit bureau where the listing is located.

They will initiate an investigation and if the entry is found to be inappropriate they will remove it from your report within 30 days.

You can call the offices, file a claim online, or send a letter.

Pro Tip: Never miss a beat when it comes to your balance by using a credit monitoring service.

You will receive free score updates, notifications when new entries are added to your report, as well as tailored advice and credit offers.

You can also get a free copy of your report every year at annualcreditreport.com for a closer look at your credit profile.

Use a credit repair company

If tough inquiries are one of many credit problems and your score needs a serious boost, a credit repair company could be a lifesaver.

These loan experts can find out what is negatively affecting your score, dispute inaccuracies on your behalf, and make sure they are removed promptly.

They will help you improve your score and develop a targeted plan to address issues such as:

If you think these services could benefit you, compare the options to our ranking of the best credit repair companies.

Remove CITGO / SYNCB from your credit report

If you’ve never applied for a CITGO / SYNCB card, you can quickly remove it from your credit report using the instructions above.

However, if you’ve applied for a CITGO credit card, then there’s no need to worry about trying to remove it.

Instead, focus on improving your score more effectively. Keep your credit utilization below 30% and pay at least the minimum balance each month.

There’s not much you can do about a request you’ve consented to in the past. However, you can limit the damage of future hard credit pulls. To do this, check credit requirements before applying for cards and credits.

Source link