Settling Credit Card Debt with Synchrony Bank

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Information Settling Credit Card Debt with Synchrony Bank

Title	:	Settling Credit Card Debt with Synchrony Bank
Lasting	:	6.18
Date of publication	:
Views	:	19 rb

I have 2 cards that were charged off 2 months ago One for $1485 and one for $1530 I have $500 saved up Do you think Synchrony would settle one of the cards for that amount? What should I do about the other card? Set up a payment plan, or wait until I have some money saved up again and offer a lump sum payment?
Comment from : Jessica

I have an over payment with synchrony bank through PayPal for $415 I’ve requested that they send me a check for that amount it’s been more than 60 days and they claim they sent the check out but I never received it I also sent a letter Certified mail to request a payment It’s like they ig😊nored me How can I get them to to send me the over payment they do atmit that 😅they owe me $41500 amount, but I never receive a check could you help me with what I could do?
Comment from : lillie womack

1100 to Amazon/Synchrony now LVNV Funding what could I do
Comment from : Kathleen P Karl

Michael, I’m wondering if you could possibly help me with my credit card debt, My synchrony credit card (Discount Tires) was sold to MRSbrI applied for the account in 2020 and was unable to pay it off due to covid and the account was charged off in 2021 brI called Synchrony to pay my debt but they told me they no longer have it and sold it to MRS, Synchrony gave me MRS phone number and told me to call them I owe $1,225 What’s your opinion on what I should do, say to them?
Comment from : Kuowen Aquino

Michael, just took out a loan with Synchrony/Care Credit for $2600 Can I negotiate my loan if I can pay an amount now? And not have to pay the full $2600 Thank you
Comment from : Eddie Zeron

Hello Michael, br My account was open February of 2019 , I made five payments and was no longer able to pay on the account The account was charged off and sold to Midland on May 2020 Before offering a settlement with midland, I want to know what I can do for Synchrony to remove the charge off remark on my credit report, or do I have to wait until it falls off The debt is $147200brThank you in advance
Comment from : Sidnie Gulley

Hello I owe 16k on my synchrony care credit card but I can not pay another bill I am not financially able to make such a large monthly payment anymore I plan to stop paying for a few months and to save as much as possible so that I can hopefully settle once they take action My last payment was in October of 2021 but I have been struggling to pay them since June 2021 and have been late about 2-3 times already
Comment from : Vic

Hi Mike- So I was able to go through a settlement with Synchrony and it's hurting my credit score and I need to get a mortgage How should i proceed I made payment on 50 of the settlement amount should I pay the remainder 50 immediately and would Synchrony drop the account or update to closed or current and would that help my credit score
Comment from : Vigo Seraka

Defaulted with elan business card for $16000 Was m&t bank prior I just received a settlement offer from radius financial for 50 How low can I go? Looking for 30
Comment from : Matt

Synchrony has a charge off debt that’s 5 years old that I just found out about while trying to buy a house What’s the best settlement percentage on such an old account?
Comment from : Sydney Garcia

Have about 16k with Amazon store card This month would be 90 days late I know its still new but im thinking either bankruptcy or defaulting on everything how low can I get that 16k? Will they offer settlement or do I have to ask?
Comment from : Matt

When you say 30-40, you mean if I owe 10,000 I can possibly get it to 3k? My credit is already tanked and im considering bankruptcy, but if they end up taking my assets i might be better just to try and settle with everyone Im already being sued by BOA, the lawyer is rubin and rothman The balance is 6k and they will only settle for 4200 I was really hoping for atleast 50
Comment from : Matt

Hey Mike $896, last paid fall last year with Client Services now What do you think?
Comment from : Chroniclez Podcast

If I agree on a settlement and pay it thru a checking account will the send me a 1099C as a taxable income?
Comment from : Lee Wickenhauser

Hi! brOriginal creditor: Synchrony brSold to: PRA brBalance: $306br Its the only derogatory mark on my credit Its reported by 08 Synchrony on my report Who do I pay/settle with, to have it removed from my report? And how? Best advice to get it off my credit?? My credit is 660 and I want to get into the 700's! Help! Thanks in advance!
Comment from : Sam Marshall

Michael, I had an 18 month promotional balance on $4,022 Didn't set my account up right and only was paying "minimum payments" It took me 25 months to catch this I had accumulated $2,338 of interest/penalties at this point Total since day 1 to now, I have paid $3,373 into this loan and I still have $3,392 remaining [settle today total: $6,765 ]brMy battle consists of speaking to 8 or 9 different people with conversation and wait times equaling over 12 hours and the ONLY thing I got was 2 fees removed totaling $168 I offered to settle up with the remaining amount or the original loan I owed immediately ($650 left) and even offered to round up to $1,000 [$450 of comprise fees] after they shot me down - Still no budge brMy last payment was February 4th under the most recent manager's suggestion to show "good graces" while my fee reversal requests were being reviewed Sadly there was no additional resolution at all I have hence removed my auto pay and told them they can take me to collections after yet again, refusing to budge when I called in today 3/2/2021 brPlease, any advise would be greatly appreciatedbrbrSad thing is I have an 820 credit score and have paid off all my loans, including my student debt and child birth in full But I refuse to be crooked out of $2,743 of my hard earned money [$6,765 (settle today) - $4,022 (original balance)]
Comment from : David Lamb

Hi Michael We talked on the phone about my Synchrony (Lowe's) debt On Dec 28, I thought I settled my $8,600 debt for $3,000 I have not yet received anything in the mail confirming this, but I did receive another bill with the $3,000 deducted from the total and it's stating that I still owe $5,600 Should I be concerned or does it normally take a while to get some sort of confirmation letter? I did record the conversation, so I have proof it was supposed to settle the debt
Comment from : smithtg

Hey Mike $1300, last paid 07/20 :/ What’s the lowest percentage I could settle to?
Comment from : Rina Gonzalez

Should I accept the settlement offer for 35 percent from schrony bank or can I do better?
Comment from : Brian Reynolds

Hi I need advice! The last payment I made was in may, it's 4 months overdue it was for a loan of 500 and I made payments for 3 months but fell behind and I now have a reported balance of 791 and its status on my credit report has been closed for a while, what can I do??
Comment from : Ashtastrophe

Do you know anything regarding disputes with care credit?
Comment from : Karie Brown

I received an e-mail (no mail or calls) from SIMM Associates regarding a 3-4 year old debt with Paypal Synchrony Bank I called Synchrony wanting to get more information and they show no record of my name, ss#, account #, or any kind of debt I have also checked all 3 of my credit reports and none show this specific debt What do I do in this case?
Comment from : Lia G

Hey Michael, I have an interesting situation and hopefully easy question I owe about $1,700 to synchrony They sold it to PRA, and the account was charged off over 5 years ago I want to get it off my report ASAP My question is, how much should I aim to negotiate for on an account this old? Also, does PRA have the power to remove the collection from my report after negotiating, or that can only be done by synchrony?
Comment from : James Younger

I have a midland acct just got a letter about court what do I have to do to settle?
Comment from : J2dasin

How much do you think I can settle for with this collection agency? Integrated capital recovery brOriginal creditor: PayPal brOriginal debt: 847brNow: 2824
Comment from : Mahrukh Khawaja

Hi Michael! Thank you so much for your videos I’m tying to navigate a plan to deal with some Synchrony debt which has led me to your video I have two Synchrony accounts, both around $6300 that I stopped paying on 3 months ago what’s the lowest percentage you think I could negotiate down to, and do you think they would take a payment plan? brbrAlso, love your videos! Very informative!
Comment from : neonpink1023

Great video! I had a store credit card through Synchrony and the debt was sold to PRA I want to call in and settle the debt Should I call Synchrony or PRA to do so? Thanks in advance!
Comment from : Madeline Love

I received a settlement offer from Synchrony Their official letterhead, the last 4 of my account number is on there, tells me their offer they're willing to accept, and in how many payments I called, but they said they cannot send me a settlement offer letter with the terms, until the payments are completed I'm hesitant I can easily download an app that allows me to record the phone conversation I'll even let them know, so that they can honestly be "honest" and use the settlement offer letter they sent me Is it a good idea to do all this, or fight it until they give me a letter with the terms?
Comment from : Jesus Martinez

They just gave me a 30 settlement offer on a $1300 debt due to the impact of the covid thing I was about a month away from it getting charged off
Comment from : bill smith

Synchrony is the worst f*&^(* company EVER
Comment from : Valkurie

I owe $430 to synchrony but it was charged off to “The Bureaus Inc” my last payment was in 2016, this dent falls off in 2023 what is your advice? I’d like to settle
Comment from : cloyojane

I owe Synchrony $1600, have on time payments currently, but looking to reduce my credit volume, and this is the first card targeted Is it worth it to stop payments for a settlement, or is it more beneficial to just pay it off and be done?
Comment from : Daniel Hazlett

Synchrony sued my husband for $198789 here in Texas They said they sent out a finally bill in April of 2019 but I never saw it come in the mail They started sending mail to we’re we had to sign for it but with me and husband being gone all day at work we were never there they locked us out of the online account and when we called no one would help up or tell us why Now my husbands scared they would freeze our bank account which is a joint account or garnish his wages and he’s the only one currently working And makes barley enough to pay our bills What can we do ?
Comment from : Kimberly Adamson

Hi there, brMy debt is with TJX $8500 Haven’t missed payment yet but I can’t afford paying It’s all interest fee $280brShould I stop paying? Try to call them and settle?
Comment from : Imaginarygirl

I'm trying to negotiate debt n synchrony PayPal credit was the easiest (capital one worse wont negotiate) after missing 4 payments they offer me no interest no late fees for 60 months to pay 3000 about a 60$ month payment, they closed my account, I took the deal
Comment from : C A

The credit card was $1,000 the balance is 1600 do to fees fines Etc but they just kept going on and on with me about how they couldn't do it why all of a sudden I wanted to clear my credit excetera which I told him was none of their business and do they want my money or not
Comment from : Domain Defense

My debt is with a Walmart credit card aka Synchrony bank it's is about $8700 I have till the by the 28 of August to make some sort of arrangement What should I do Thank you in advance
Comment from : naturalgirl75

The initial debt was owed to PayPal credit, now Synchrony calls me everyday I haven't paid since April, so 4 months ago My total balance is around $8,500what should I do??
Comment from : Crunch Buttsteak

My Walmart synchrony offered 50 settlement last month I said no since I'm targeting 35 I called today and now they said I don't qualify for settlement is that true?
Comment from : mm64

I called 3 of my synchrony acct and they wont go down to 50 I'm only 4 mosbehind
Comment from : mm64

They have closed two accounts due to inactivity but I can reapply for credit 🤣 I'm now picking retailers by them not using synchrony bank I refuse to do business with them My address getting changed right when they changed names with my Sam's club account I complained to the bbb and after blaming the USPS didn't work they blamed Sam's club for the address mishap The late charges were removed and the card reinstated so they said but I can't get over how rude the people there are
Comment from : logan

8k walmart over a year old is still showing the debt as owed on CR i have 30 available to pay now
Comment from : third heard

I had a Walmart card through srychrony bankmy job cut my hours so I couldn't pay A few months later I was sued they did not settle with me I had to pay full amount plus interest and court feesstay away from this bank they will sue you and you will not winI am paying them right now
Comment from : Numismatic of America

This video has helped me a ton! I'm terrified of being sued by synchrony My husband just recently got demoted and we havent paid our 3 synchrony accounts in 60 days They refused a hardship program We owe 3000 for Walmart, 2800 for ebates and 3000 for PayPal I'm hoping at the 180 day mark I can get them all three to take 30 Before this video, I was going to pay a credit repair company 150 a month to keep them from suing me for the statue of limitations in my state So happy I found this video thank you!
Comment from : bobbie fry

I recieved a summons from meyer njus tanick due to an unpaid CareCredit card for roughly $950 I am not 100 sure on what I should do now Should I try and settle on something myself or contact a lawyer? I am not sure What to do when it says I need to respondbrbrAny help would be wonderful, thank you!
Comment from : Hollie Bunyak

I owe synchrony/amazon $3400 They won’t settle unless I’m in arrears Should I stop paying them? I wanted to settle with Amex also I owe them $5800 What should I do??
Comment from : Kathryn Dixon

Mike, You get a 100 on interacting with your viewers This is "AMAZING"
Comment from : TheIlluminatedOne👁️

Paypal Credit (Synchrony) sent a letter offering to settle for $3400 on a $4800 debt and they also stated that I needed to respond by the end of this month (August 2018) No payments have been made since the end of March 2018 and there has been zero communication from my end due to prolonged hospitalization and physical rehabbrI'm open to settling, but there's no way I could come up with $3400 with my current healthcare expenses What would be a reasonable counter offer and how close to the deadline should I wait to contact them? Thank you in advance for any insight you can give
Comment from : James Cook

Hi,brI used my Care Credit for emergency surgery and owe about $6300 I was making my minimum and bigger payments every month and would like to settle debt to $5000 as lump sum But I was told, that there is nothing could be done, until I will be behind my payments and after that I may be qualify for Financial Hardship programbrAny advise, how to deal with it, please, cuz I really want to get rid of it? Thanks a lot
Comment from : Victoria Sunny

Hi I have a charged off account from Lowes that has been turned over to Patenaude and Felix They filed an abstract of judgement and placed a lien against my home - amount on the judgement is $3,18068 The abstract is dated 10/14/15, and the address they mailed to is old - I haven't lived there since 2013, so I had received anything in the mail, including the lien notice The lien does not show up on my credit report - I only learned of it because I am going through refinance, and the title company found it (I'm in CA) Title company got a demand letter from P & F for $3,72623 I contacted Lowes and the original amount sent to collections was $2,368, bu they will not accept payment because it's been turned over to collections (I would prefer to deal directly with Synchrony to clean this up, but can't find a process to do that) What are the chances P & F will accept the original collection amount in a lump sum payment?
Comment from : Mike Moran

My gas card is with Synchrony bank and I asked to reduce interest, the bank just refused to work with me now I am a deadbeat card holder
Comment from : Vegan-MicroFarm

I am not late with Lowes and Synchrony bank yet but I am about at the point that no more payments will be made Do you have any advice?
Comment from : MEtricoilcom

Encore Receivables getting ready to stop paying Each payment to Snyc was going to interest and late fees would take 16 years to pay off!
Comment from : Magdalene Clark

Hi Michael,brbrJust over 55 months past due on approx $4,200 Synchrony account They have engaged Allied Interstate to resolve the debt on their behalf According to my CRN profile, it is a bit early to be settling this debt, but Allied offered me 35 settlement spread over 3 payments I do have some other more litigious creditors, but I want to make sure I don't lose out on this deal if time goes by Any feedback would be greatly appreciated Thanks!
Comment from : Anthony Ferro

Synchrony just hit me with 400 worth of back interest on an accoubt that had 300ish remaining I called and battled they gave me a 50 dollar credit which they said was the most they could do I have extremely good credit, is it worth not paying anymore and waiting to settle on the original 300 dollar amount owed?
Comment from : ferbus03

So do I just stop making the minimum payments, and wait to see what Synchrony does ?
Comment from : Michael Wells

It's maxed at 2100, when they closed it no late payments yet
Comment from : Michael Wells

Have been making minimum payments on my Toys R Us card for awhile, and they just all of sudden decided to close my account Its hard even making the minimums at this pointespecially now that they closed the accountI am also currently having Freedom debt relief handle my other credit card issues Options ?
Comment from : Michael Wells

Hi michael, it me again michael synchrony bank wont offer a settlement and in 126 days from my last payment They said my account is toooo new I opened the credit card in January 2017 and it was closed in may Ive been sent to egs collections agency and they wont settle what do i do?brThanks
Comment from : Makullee cog

I recently defaulted on three synchrony accounts totaling 10,500, amazon, walmart, jcp 3500 each, should i expect these to be consolidated at some point? What about pushing for arbitration as a strategy for settlement with synchrony or JDBs?
Comment from : Phil

Don't settle Fight They will sell your alleged debt to a junk debt buyer and at that point, you can beat them senseless JBD's are notorious for being fast and loose with the law First step, deny the debt Second step, if they sue, demand proof of assignment (tip: the statements they attach to the summons are mostly inadmissible due to heresay laws, they're just hoping you won't show up or fight)br If they do proceed, research how to beat them Most times, they will have messed up somewhere You just need to read and attack their mistakes
Comment from : Smelly Goat Acres

Hi michael, i am 4 months behind with my bill me later account I owe 3350 and the interest of 1999 percent is killing me Im getting calls from bill me laters collection department Should i try to settle with bill me later collections? And what the next step if i dont deal with them? Do they send me to collections agency? Thanks
Comment from : Makullee cog

Pls reply I want to buy something on amazon for 500$ and is the amazon prime credit card by synchrony to finance the payment for 6months good cz I saw lot of negative reviews not on amazon but for synchrony hard to pay bill and etc etc is the card worth it or not and the only other option their is to finance is PayPals bill me later but I saw mix reviews not that too ugh
Comment from : NazT97

Owe $700 Haven't paid in 4 months Ready to call today and offer $450 to be paid today Is that ok?
Comment from : Barri Ellen

On disability owe synchrony $1343 been making payments but had to quit got very sick and am diabetic start buying insulin insurance stopped paying for it, so had no choice and it's not the only one owed Living from day to day,,getting harrowing phone calls up to 5 times day and they sent me certified letter when I was gone, at my door live in apt building, neighbor signed for it, one don't even know well, isn't that against law? Very embarrassing I don't wqnt them to sue me Whqt about debt relief program? Already talked To them sounds like something that may help but afraid aw soon as I tell synchrony they would sue me? Scared to even call them Read and heard so many horror stories getting ready hqve qnother surgery live alone so will have hire qnd pay someone for help, but says on letter if y having financial difficulty let us know we can help, I cannot pay big amount maybe $50 at most, know that's close to nothing but just truth Whqt do I do wo won'tsje me? Sorry for mistakes hand in brace
Comment from : Sherrie Henderson

Hi Micheal! I just wanted to say thankyou for all the info in dealing with creditors My problem is i had a drastic decrease in income I had to go on disability and will be unable to pay within the next month or twoEvery thing is current as we speak ,but not for longI have tried to reach out with chase and let them know whats going to happen if i cant get reduction in payments They said they couldnt help me because with current income the ratio of income to debt is too muchNo dah!! thats why im calling They wouldnt do anything I have 4 other cards all synchrony that i have to deal with and im afraid it will be same tune as chase aNy advice on what my next steps need to be
Comment from : REAL WORLD SPICE

Synchrony Bank is the original creditor and the balance is $ 11000 is sent to mcm to collect i was dealing to paid $ 5000 by months i am retired incapacity for social security they can't sued in court if no paid ?
Comment from : jacinto

Hello, this was a great video Synchrony Bank sent me a settlement offer via email from Allied Interstate collections that is totally reasonable but they want a phone call from me to accept the offer Could I send Allied Interstate a copy of their offer by snail mail at the main contact address on the Allied Interstate website and offer to pay by cashier's check? I don't want them to have my bank account number Also, do you think I should ask them to say "paid in full" as a condition of payment? Thanks for any advice you can offer
Comment from : Christmas Monster

I have debt with Synchrony of 1100, the offering me a settlement of 350 but they are going through a company called Genpact will this hurt my credit score?
Comment from : WHATS THE WORD

synchrony/walmart account $4831 balance no payment since December 2015/ I want to settle with one payment what do you reccomend? Remarks say "charge off account" I appreciate your help!
Comment from : motoxguy100r

2815 ·64 amazoncom no payments 60-90 days, any feedback?
Comment from : Vanessa

synchrony and I came to an agreement on a settlement amount; however, they're refusing to write a letter confirming our agreement! Any tips?
Comment from : C

Care Credit balance of $1,18278 no payments made for at least 60-90 days Do i just call and ask to settle? Would like to close out this account once paid off
Comment from : Jennifer Thacker

Great videos you do Mike , My wife has a LOT of credit card debt with about 7-8 banks and I am disabled but do own a home and very little income on ssd Use Synchrony Bank for dental work and the bill is about $6,500 Last payment to them I do believe was about 6 months ago now I received a letter in Jan from Encore Receivable There is no way I could even pay some of the debt as I have to live on disability incomeMy wife and I do not care about my her credit since most of the credit cards she had are closed and my credit score is around 760 fica as these are all under my wives ss number so it does not show on my credit report So my question will Encore resell the debt or should I start negotiating with them What advise can you give me And if they take me to court and win the judgement I know they can put a lien on the home but can they make me sell it This question also goes all the major banks she had credit cards with as well No savings no employment just ssd and the only asset is our home Thanks for your help
Comment from : Norman Tucker

I have a paypal mastercard that uses Synchrony The account has been closed since 2013 but I owe $2,04500 I've been paying on this card since 2012 I haven't been able to see my statements past 2014 but from 2014-2017, I have paid $3,48600 If I could count the previous years, I have probably paid more than the credit line that was available on the card I keep up with my payments but since we are now a single income home due to my husbands health issues, I'm starting to send in payments late Do you think they would settle?
Comment from : Amanda Hill

I'm being sued by Midland Funding for $1200 Called today asking to settle for $750 and they said $945 was as low as they'd go I'm going to use rent money to pay them but it sounds like they would take far less! I haven't been served yet and don't want to How do I settle?
Comment from : Heather Faulkner