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IS THERE ANY LAWSUIT AGAINST THIS *** POOR EXCUSE OF A BANK. RUINED MY FRKN CREDIT SO BAD I CANT GET A LOAN, RENTAL PROPERTY, MY CAR INSURANCE RATES ARE HIGH.

THEY SUCK! I'M LETTING THEM CLOSE ALL THE CARDS I HAVE WITH THEM, I WANT OUT OF ANY BUSINESS WITH THEM. I WILL ONLY OPEN LEGITIMATE BANK CARDS (VISA, MC, DISCOVER, ETC..), NO MORE ROAMANS, HSN, CHRISTOPHER BANKS, JCPENNYS, CARECREDIT. FORGET IT.

THEY DROP YOUR CREDIT BALANCE AND SCREW WITH THE RATIOS OF YOUR CREDIT SCORES WITH EXPERIAN, TRANSUNION AND THE OTHER ONE. MY CREDIT SCORE WAS AT A 620 DROPPED IN ONE WEEK DOWN TO 520, THEN ANOTHER WEEK OR TWO WENT BY AND UNDER FRKN 500, WHAT! YES, *** I WILL SAY.

WE NEED TO SUE THEM FOR SCREWING WITH PEOPLE AND THERE LIVELYHOOD. IM DONE BEING SCREWED OVER.

Reason of review: FRAUDULANT COMPANY.

Monetary Loss: $5000.

Preferred solution: Let the company propose a solution.

Synchrony Bank Cons: Are you serious this bank needs a lawsuit brought against them.

Location: Sioux Falls, South Dakota

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Guest

They took over $800 of unauthorized payments from my bank and when we called to fix it they falsely charged another 156.00!!!!!! These people need to be stopped! Like wtf!

Jesseca Dbz

The same is happening to me

Symia Zan

Same here. I pay on time and get a credit balance and then they lower my credit limit so I am at almost 100% utilization.

They did the same to some of my daughters cards. I wonder if they want to have an excuse not to lower your interest rate or maybe even lift it if you go over by mistake with their random changes.

Guest

I agree

Guest

Synchrony deleted the last two numbers off my saved bank account information and three months of payments havenโ€™t went through and I have received no calls stating any problems, just racking up the late fees.

Guest

DITTO! This bank I think is doing something more unscrupulous than what meets the eye.

Walmart had engaged in a lawsuit against synchrony bank in March 2020-claiming their banks practices were hurting their sales. My sister recently had a bad experience with them. She never missed a payment, was in good account standing across the board, paid early even-did it all correct. Just about 3 weeks ago now, she was looking at her Ashley furniture account [also with synchrony bank] and found something very odd.

She noticed as with the consumer above, they had lowered her available line of credit for no reason; but worse, they monkied with the account-showing that she was maxed-out on it, when she really had only $341.00 balance on a thousand dollar account. Then, they said she had only $30.00 dollars space to use! say what? Do the math on that and you catch those buggers fraudulently messing with accounts.

So she emailed Ashley furniture, showed them this, then asked them if their records showed what hers did. Next thing she knows, she gets slammed by synchrony bank with an account closure and a nasty letter. openly they admit they didn't use a credit agency to determine their move, but they dragged down her high credit score to a new lower level. Unbelievable right?

Since then, they've hit Pet boys consumers with card closures in the same ungodly manner. whose next? Guitar center? QVC?

this bank is either collapsing under the radar or they could be deliberately trying to hurt the American economy by shutting down shoppers everywhere silently! Remember the Walmart suit of this year mentioned above, Think about it-since credit card companies make their money off of the interest from new charges by shoppers, by closing good standing accounts as experienced, they've effectively cut off their own paycheck!

are they stupid or just evil? I would take the suggestion one person said, before you take out any store accounts, make sure they are not on synchrony bank, if they are RUN LIKE THE WIND!

Guest

Yeah, right on! I paid off a loan early and had perfect payment history.

I had accidently allowed another automatic payment to go to Power Sports Finance (Synchrony Bank) after I already paid off the loan. I tried to stop the payment but it was too late...that was on February 8th. It's now April 13th and I'm still waiting for my money. I contacted them multiple times to follow up and they simply kept telling me the check was mailed.

Today, I had another conversation with a so-called Manager. Now, she tells me there was a problem with their "Refund System" and it now has to be investigated for another 30 days before a refund is issued.

Guest

I agree totally. They are legalized loan sharks. They have ruined my credit also.

Guest

I hate this company as well! They lowered my Discount Tire credit from $1200 to $700!

Never had that happen to me. I should have read all the comment before opening any credit cards with this company!

Guest

I too had tremendous trouble with Synchrony Bank. Within a matter of a couple of Months they reunited My credit because I was late on two different card payments due to hospitalization.

I work for a retailer whoโ€™s card carrier is also Synchrony bank and I hear horror stories from the customers I solicit to open credit cards. Whatever you do avoid this high interest, zero tolerance bank like the plaque it is.

Guest

Synchrony needs to go. Poor excuse for a bank.

Guest
reply icon Replying to comment of Guest-1640000

class action lawsuit guys and gals and everyone else who do not want to get our times wasted and cost of the banks fraudulent practices passed on to us

Patricia S Jiv

I have contacted the Federal Trade Commission with no response. I will continue to file a complaint online until I die or until I receive a response.

I recommend that everyone who has been subjected to this financial institutions unfair and unethical practices file complaints.

There is power in numbers. There will be those who might try to discourage you, but continue to voice your opinion of this unscrupulous and horrific financial institution.

Guest
reply icon Replying to comment of Patricia S Jiv

Thank you. I will do the same.

This practice of synchrony bank cannot continue.. they need to be stopped.

Guest
reply icon Replying to comment of Guest-1639957

Down with these clowns.

Guest
reply icon Replying to comment of Patricia S Jiv

this organization is a fraud, not a bank

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