Product: Synchrony Bank Loan Clear all filters (12 of 12 reviews match)
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When my plumbing line needed to be replaced I got stuck with a 12k loan with Synchrony. I was told we would get 18 months without interest. in my distress and without other options I signed the papers. Well they hit me with almost 5k worth of interest and brought the...
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1 comment
GrouchyCuscus184
#1621627

Sorry this is long but it's a massive problem for the Peter's of consumerism! Hope you have a happier 2019 although I must defer to this catchy statement " interest"~ingly Synchrony doubts you will..

sorry.. Now for the rest of the story; #1 FILE A COMPLAINT @ consumerfinance.gov also phone & write a letter to your congressman about the HORROR of how the "Devil Himself" IS a "deferred-interest promotion" 0% ADVERTISING SIGN.. (((or advertising "promotional financing available" blah blah blah! whatever!!!!

))) Their constantly changing the name like payday loan industry changed to Title loan or blah blah bla to avoid regulation by a dictionary restricted Regulatory Authority) Unfortunately America has GIANT suckers or lollipops sitting in Congress that only the Retail Merchants Association in this case is allowed to lick.. CONSUMER BEWARE YOUR JUST A LITTLE OL LONELY RAT.. YES in this case 0% is THE DEVILS FINANCIAL LOOPHOLE, Lot's of consumers just don't see the Rope until it's too late.. & in other cases ignorance is bliss because it's other people getting hurt & that's a big hahaha in America..

NOTE: there are some conventional 0% alternatives that do not place a sleeping noose around your wallet YuP Shady legal teams paid by shady "Banking" Institutions like Synchrony QUICKLY BAND WAGON ANSWER that a consumer should have read & understood the finance co's many contract pages of tiny tiny small print. That same, always used, DISTRACTION answer luring Society away from the REAL problem!!!! EDUCATION & INTERACTIVE CONTRACT TESTING!!! Like put a consumer's hand on the table, hit it with a hammer & ask if it hurts before they sign!

YES Synchrony's REAL intent IS for their ADVERTISING DEPT to hold your future earning ability over the glowing hot eye of a stove they BAITED you into financing at @ A real 30 to 37% interest for the next 10 year's. (because they compound interest daily in the background) NOTE: Their advertising is designed to lull consummers to sleep like a snake charmer does to a Cobra but it's an America focused magic trick because their interest rate coupled to a retroactive clause (or claws) is their monster Cobra hiding in your closet) .. a big FYI Synchrony's prize call center is in India "SNAP" where more deaths occur by Cobra than any other more poisonous snakes on the planet. But the deferred-interest snake is quietly taking over the #1 position..

This is NOT a pleasent lesson to be found out while being tortured by their teeny tiny small print.. So .. SUPER SUPER Unfortunately there's a lack of National Education on the HORRORS of ""deferred interest promotions"" It's actually Financial Evil "supposedly" to help consumers, but ranks right beside payday & Title loan co's charging 500% interest. Yes the contract holds the ability to financially beat the heck out of uneducated & educated consumers..

Go back to 2010, the retail Merchants Association lobbied Congress to reverse a BAN that was on these type credit card purchases that SNAP a rat trap shut on consumers. Consumers are considered a little rat with with a ferocious ability to earn money for Synchrony etc CORPORATE policy.. The back room policy is to squeeze the money out of you, the consumer rat, & THEY don't care if YOU, the rat, dies because they can NOW extract it from your estate because of binding mandatory arbitration clauses ALSO in the small print, again something few consumers know enough about in time to eternally fear that clause or CLAWS . (words have two meanings) Yes this type of Lending was outlawed previous to 2010 but an article referred to below Titled # NRF Asks Congress to Overturn Ban on "Same-As-Cash" Finance Offers, Says Consumers Need Interest-Free Loans" # Note: Some Banks & merchants want DUMBO the Elephant type borrowers..

Remember how they laughed @Dumbo? You can read between the lines how the Peters of consumerism are expected to carry the majority of burden for the Paul's.. Yes biblical rules applied to Modern Lending with a Twist of calculus banking thrown in if you can REALLY read between the lines.. The Article tells how the BIG BOSS of the retail Merchants Association lobbied Congress to allow the finance banks MONSTER back into town...

The Monster's been easily & viciously preying on consumers for the last 8 years now, because it's not a traditional credit card consumers were used to using & hides behind mouth-watering promotional offer's BOLDLY advertising THE GOOD LIFE ""RIGHT NOW"" while their monster fluffs it's 0% nest in your closet. YES Originally supergiant 0% ads appeared, now they've dum-dum'd down the advertising wording to "promotional offers available". WELL Regardless of the name change, it's the same ol same ol nasty nasty monster that was hiding in your closet when you were a child. It's now come out to feast on YOUR ability to earn a living for it's "monetarily intravenous drip bag"..

Like Halloween trick or treat? Well Mr & Miss Dumbo CONSUMER You've been tricked!!!!! Since you're being told in the article there's a Time / Dollar cost to money, how come all those homeless that have nothing but time, have no money?????? BOTTOM LINE, Synchrony & others using deferred-interest strategy are a massive out-of-control Financial pickpocket problem inside the walls of the United States while the government distract's your attention with fear that illegal immigrants are going to take you over on foot while the government is secretly flying drones carrying life extinguishing laser's over the Caravans heads & laughing about promoting Border wall propaganda Etc.

Lordy consumers.. wtf you don't know while technologies lol @ you.. You are now a 35% debt slave to Synchrony Bank & their legal team. You should have never used "that" company to begin with.

BUTT A problem with New relationships is you don't know you've invited the devil to dinner until it's time for dessert, THEN you FIND your on the menus for that financial head hunter institutions desert ie "IT"s" intention was feeding on your ability to produce income for ""it"" Modern Mafia style because that's what Modern Mafia's eats for dessert.. "DIGITAL CASH FLOW" Synchrony has a bottomless appetite.. GOOD LUCK AVOIDING THEIR STRAW you SOON to be poor little consumer's . Yup u been SUCKER'Ed!...

your education is now your bank account's getting SLURPED up by them @ a rate north of 30 to 35% per day..

while they on the flip side of the Market aggressively advertise mouth watering 1.5% to 3% return money market investment opportunities to the little rat investment suckers.. Here's your free cereal box badge American consumer,,,, #BAAHAHA#

Review
#1436334 Review #1436334 is a subjective opinion of poster.
Service
Synchrony Bank Loan
1.0
Details
I paid off my Living Spaces account in early 2018 immediately after finding out that the company had added back interest for the entire zero interest promotional period, which I was not aware was their practice. The company sets up the minimum monthly payments so that...
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2 comments
Anonymous
#1507787

Horrible company. Thanks for sharing.

They have negatively impacted my credit score as well after I've had a perfect credit history with them. They abruptly lowered my credit limits and closed my Old Navy account after I paid it off.

I know someone has to be paying attention to this. There are too many people having the same problems with this bank.

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Review
#1287933 Review #1287933 is a subjective opinion of poster.
Service
Synchrony Bank Loan
Reason of review
Problems with payment
1.0
Details
The credit was with Synchrony Bank. I bought it on 9/16/17. I made payments as follows: 10/16/17 $50, 11/2 $75, 12/12 $100, 1/3 $50, 2/6 $100, 2/15 $40 (called because they were telling me it was over due?) 3/12 $50, 4/3 $100, 5/1 $100, 6/4 $50. I received a call from...
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2 comments
Anonymous
#1515496

"Apparently, the billing cycle starts on the 3rd of the month"Are you kidding, apparently! You should know all of this.

When is your due date? What is your minimum due?

Why are you paying all over the place?It looks like you just pay a little something and then make a catch up payment. If this is the case, the short pay is subject to a late fee if not paid by the due date.

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Review
#1277799 Review #1277799 is a subjective opinion of poster.
Service
Synchrony Bank Loan
Cons
  • I feel completly ripped off
Reason of review
Problems with payment
Loss
$243
Preferred solution
Full refund
1.1
Details
After being on auto debit for a long time with several Synchrony accounts I found out that the representative who got me to take a loan through this bank was getting paid extra to use same-as-cash payments which I am familiar with. However, I had not heard of minimum...
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5 comments
Anonymous
#1498034

When you are doing business with a company you think you trust, HH Gregg and they "sell you" on the idea that it's set up as "same as cash" on a very busy sale day. Sales people are as few (the deal was good) and you kind of get worn down from all the time it takes to complete the transaction.

I never heard of "minimum payment option". As far as I'm concerned, that kind of loan tactic sets the consumer up for trouble and should be illegal if not just an unethical practice!

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Review
#1273568 Review #1273568 is a subjective opinion of poster.
Service
Synchrony Bank Loan
Cons
  • Poor customer service
  • Unethical
  • Lack of respect for customer who was paying by auto debit
Reason of review
No hands on customer service
Loss
$3000
Preferred solution
Full refund
Tags
  • rippoff company
  • Synchrony Bank Horrible
  • Low Cost Loan Ripoff
1.3
Details
It's a big scam I went and had Lasik eye surgery done $1,800 it was supposed to be a two-year no interest loan to pay for the eye surgery the payments were supposed to be $78 a month I was paying a hundred to $200 a month sometimes I skipped one month they added a late...
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2 comments
Anonymous
#1483476

They are outragious, with fees and made up rules, and never willing to work with a customer. Even, calling to make a payment, takes so long as they keep repeating they're spiels. Closing the 4 accounts with them, is the best decision I ever made.

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Review
#1257662 Review #1257662 is a subjective opinion of poster.
Service
Synchrony Bank Loan
Reason of review
Problems with payment

Synchrony Bank - Lowe’s

1.0
Details
Randomly closed my account without warning or reason. I’ve NEVER missed a payment and ALWAYS paid more than was due. Said they did a credit check and I had several blemishes . NOT TRUE! I went to Home Depot and was approved right away. Shame on Synchrony! They Suck!
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Review
#1254468 Review #1254468 is a subjective opinion of poster.
Service
Synchrony Bank Loan
Reason of review
Problems with payment
1.6
Details
synchrony bank is my paypal credit card my rate is very high 28.24 rate they say we will look at your rate but you never hear from them i donot want to quit paying people what would you do the bank will not write me a employee of paypal said i would hear from the bank...
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1 comment
Anonymous
#1473051

You don't need advise. You just want to whine and complain. Put it in your bankruptcy and move on.It's not that hard.

Review
#1244795 Review #1244795 is a subjective opinion of poster.
Service
Synchrony Bank Loan
Pros
  • Ease of use
Cons
  • Outrageous interest fees
  • Outragous interest fees
Reason of review
i still have credit

Synchrony Bank in Rapid City, South Dakota - Nightmare experience! Stay away from this bank.

1.0
Details
Synchrony Bank is a nightmare. Don’t ever accept credit from this financial institute. Have made countless calls and requests for payoff. It is 3/29/18, still no payoff.
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Review
#1222019 Review #1222019 is a subjective opinion of poster.
Service
Synchrony Bank Loan
Reason of review
Problems with payment

Synchrony Bank - The worst ever

I am trying to reach someone about a loan obtained last year. But you phone prompts are useless in this regard. The loan was paid off in full on Oct 5, 2017. I have bank statements showng the payment. Yet you continue to bill me for the amount. Please call me asap. If no response,i will seek legal action.
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Review
#1206660 Review #1206660 is a subjective opinion of poster.
Service
Synchrony Bank Loan
Reason of review
Problems with payment

Contact Synchrony Bank Customer Service

Mailing Address:
Synchrony Bank
200 Crossing Blvd Suite 101
Bridgewater, New Jersey 08807
United States
Phone:
(866) 226-5638
All Synchrony Bank Contacts

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Synchrony Bank reviews
Games from the beginning there interest rate is completely insane., That's in small print and all part of a Company Game they make loans with money they don't have in the first place.Then us citizens pay them massive interest. All banks are bankrupt just look at the US...
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Review
#1167321 Review #1167321 is a subjective opinion of poster.
Service
Synchrony Bank Loan
Reason of review
Bad quality