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What is SYNCB/PPC on Your Credit Report?

December 20, 2022

If you've come across the term SYNCB/PPC on your credit report, you may be wondering what it means and how it impacts your credit. In this comprehensive guide, we'll explain what SYNCB/PPC is, its connection to various retailers, why it appears on your credit report, and how it affects your credit score. We'll also discuss whether you can remove SYNCB/PPC from your credit report and provide tips for managing SYNCB/PPC accounts. Keep reading to learn everything you need to know about SYNCB/PPC and your credit.

What is SYNCB/PPC?

SYNCB stands for Synchrony Bank and PPC stands for PayPal Credit. 

Synchrony Bank and PayPal Credit

Synchrony Bank is a prominent financial institution that specializes in issuing credit cards in partnership with various retailers. As the issuer of these credit cards, Synchrony Bank plays a significant role in managing the financial aspects of these relationships.

PayPal Credit is a line of credit offered by PayPal and managed by Synchrony Bank. It allows users to make purchases online and pay for them later, often with promotional financing options. As with other Synchrony Bank-issued credit products, PayPal Credit accounts appear on credit reports under the label SYNCB/PPC.

SYNCB/PPC and Retail Partners

  • eBay Synchrony

Synchrony Bank has partnered with eBay to offer the eBay Mastercard. This credit card allows users to earn rewards on their eBay purchases, as well as on other everyday purchases. When you apply for or use an eBay Synchrony card, you may see SYNCB/PPC on your credit report.

Synchrony Bank also issues the Amazon Store Card, which is exclusively for use on Cardholders can benefit from special financing options and promotional offers. SYNCB/PPC may appear on your credit report if you have an Amazon Store Card issued by Synchrony Bank.

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  • QVC Synchrony

QVC, the popular home shopping network, offers a QCard credit card issued by Synchrony Bank. The QCard allows customers to finance their QVC purchases and take advantage of promotional offers. As with other Synchrony Bank-issued cards, the QCard may result in SYNCB/PPC appearing on your credit report.

  • American Eagle Synchrony

American Eagle, a popular clothing retailer, offers the AEO Connected Credit Card through Synchrony Bank. Cardholders can earn rewards on their American Eagle and Aerie purchases. SYNCB/PPC may be present on your credit report if you have an American Eagle Synchrony credit card.

  • Other Retailers

Synchrony Bank partners with numerous other retailers to issue credit cards. These partnerships allow customers to finance their purchases and earn rewards. When you apply for or use credit cards by Synchrony Bank, you may see SYNCB/PPC on your credit report.

Why is SYNCB/PPC on My Credit Reports?

  • Applying for SYNCB/PPC Credit Cards. When you apply for a credit card issued by Synchrony Bank, such as an eBay Synchrony, Amazon Store Card, QVC Synchrony, or American Eagle Synchrony card, a hard inquiry is placed on your credit report. This inquiry indicates that you have applied for credit, which can temporarily impact your credit score. As a result, SYNCB/PPC may appear on your credit report.
  • Managing Existing SYNCB/PPC Accounts. If you have an existing credit card or line of credit issued by Synchrony Bank, SYNCB/PPC may appear on your credit report as part of your credit history. This includes not only your payment history but also the account's age, credit limit, and balance. These factors contribute to your overall credit score, making it essential to manage your SYNCB/PPC accounts responsibly.

How SYNCB/PPC Affects My Credit

The SYNCB/PPC can affect your credit score in the following ways:

Payment History: Your payment history on SYNCB/PPC accounts is reported to the credit bureaus. Making timely payments can improve your credit score, while late or missed payments can hurt it. Be sure to make at least the minimum payment on time each month to maintain a positive payment history.

Credit Utilization: SYNCB/PPC accounts contribute to your credit utilization ratio, which is the percentage of available credit you're using. Lower credit utilization is better for your credit score, so it's important to keep your balances low. Aim to use less than 30% of your available credit at any given time.

Credit Inquiries: When you apply for a SYNCB/PPC credit card or PayPal Credit account, a hard inquiry is placed on your credit report. This can temporarily lower your credit score, but the impact usually diminishes over time. Limit your applications for new credit to minimize the number of hard inquiries on your credit report.

Age of Credit: The age of your SYNCB/PPC account affects the average age of your credit accounts, which is a factor in your credit score. Older accounts can positively impact your credit score, as they demonstrate a longer credit history. Keeping your accounts open and in good standing can help improve the average age of your credit accounts.

Can I Remove SYNCB/PPC from My Credit Report?

You might want to know if you could remove the SYNCB/PPC from your credit report. It actually depends on different cases. 

Unauthorized Inquiries: If you didn't apply for a SYNCB/PPC credit card or PayPal Credit account, contact the credit bureaus to dispute the inquiry. You can also contact PayPal Credit directly using the PayPal credit phone number (1-844-373-4961). Unauthorized inquiries can be removed from your credit report if they are confirmed to be fraudulent.

Inaccurate Information: If SYNCB/PPC appears on your credit report with incorrect information, such as an incorrect balance or payment history, contact the credit bureaus to dispute the inaccuracies. Providing documentation to support your claim can help expedite the process and ensure that your credit report is accurate.

Negative Information and Time: Negative information, such as late payments or high balances, will remain on your credit report for a certain period, typically seven years. As time passes, the negative impact of these items will lessen, and they will eventually be removed from your credit report.

Tips for Managing SYNCB/PPC Accounts

Here are some tips for managing your SYNCB/PPC accounts to prevent it from negatively affecting your credit score: 

Make Timely Payments: To maintain a positive payment history, make at least the minimum payment on your SYNCB/PPC accounts on time each month. Setting up automatic payments or payment reminders can help ensure that you never miss a payment.

Monitor Credit Utilization: Keep an eye on your credit utilization ratio by regularly monitoring your SYNCB/PPC account balances. Aim to use less than 30% of your available credit at any given time and pay down balances if they exceed this threshold.

Limit Credit Applications: Applying for multiple SYNCB/PPC credit cards or lines of credit in a short period can result in multiple hard inquiries on your credit report, which can negatively impact your credit score. Be selective when applying for new credit and space out your applications over time.

Review Your Credit Report Regularly: Regularly review your credit report to ensure that all information related to your SYNCB/PPC accounts is accurate. If you find any inaccuracies, contact the credit bureaus to dispute the information and have it corrected.

Take Control Of Your Credit

If you have an SYNCB/PPC record on your credit report, understanding what SYNCB/PPC is and how it affects your credit report is essential for maintaining good financial health. By partnering with various retailers, Synchrony Bank offers credit cards that provide financing and rewards to consumers. These accounts, along with PayPal Credit, can impact your credit score in multiple ways, including your payment history, credit utilization, credit inquiries, and age of credit. By staying informed and proactive in managing your SYNCB/PPC accounts, you can build and maintain a strong credit history, ultimately benefiting your financial future.

Ready to take control of your credit even further? Consider signing up for Cheese Credit Builder.  Cheese Credit Builde is designed to help you improve your credit score with ease. With no credit check, no admin fees, you are welcome to join Cheese to build a positive payment history. Don't let SYNCB/PPC be the only factor impacting your credit score. Join Cheese Credit Builder today and start paving the way toward a brighter financial future! 

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