Remove Bankruptcy Remove Loans Remove Repossession Remove Retail
article thumbnail

What is GECRB on My Credit Report?

Better Credit Blog

General Electric Capital Retail Bank, abbreviated as GECRB, is the former name for Synchrony Bank, and it’s probably on your report because you applied for a Synchrony card at some point in the past. It offers a range of products, like MMAs, IRAs, CDs, loans, and credit cards. Pre-qualify for a loan offer. Ashley Furniture.

Retail 52
article thumbnail

What Is SYNCB On My Credit Report?

Better Credit Blog

Whether you’re in the market for a mortgage, auto loan, or credit card, your application can result in a hard inquiry on your credit report, which can damage your credit score for years. Synchrony offers several financial products, from CDs, MMAs, and IRAs to credit cards and loans through partnerships with other lenders. Charge offs.

Retail 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

Refinancing typically lowers monthly payments and interest rates in exchange for lengthening the timeframe of the loan. Just like individuals, businesses often have mortgages, vehicle loans, and other secured loans. Missing payments on secured debt causes the creditor to repossess the property as recourse.

article thumbnail

What is THD/CBNA On My Credit Report?

Better Credit Blog

Whenever you apply for a retail credit card, it can lower your credit score by a few points and result in a new entry being added to your report. Citi is a popular bank that provides credit cards for a wide range of retail stores like The Home Depot. Project Loan. Bankruptcy. Repossession. Commercial Account.

Retail 52
article thumbnail

Online fashion giant served with winding up petition

UK debt collections

Leading online UK fast-fashion retailer Missguided has been served with a winding up petition due to unpaid debts. I have had to take out loans of about £100,000 secured with my property to cover the debts, we’re struggling like mad. My mum’s jewellery, which she’s collected over 30 to 40 years, we had to sell that.

Retail 52
article thumbnail

What is Comenity Bank/VCTRSSEC On My Credit Report?

Better Credit Blog

While VCTRSSEC might sound unfamiliar, it represents a popular retailer: Victoria’s Secret. Comenity Bank is a premier producer of retail credit cards, partnering with 145 popular brands to offer credit cards to consumers. Bankruptcy. Repossessions. Stay up-to-date on credit card/loan payments. Debt in collections.

Banks 89
article thumbnail

What is CB/Vicscrt On My Credit Report

Better Credit Blog

The entry is most likely on your report as a hard inquiry, which happens when you apply for a retail credit card. Comenity Bank is one of the nation’s leading producers of branded retail credit cards, with over 145 cards on offer. Bankruptcy. Repossessions. Only apply for cards or loans you’re likely to get approved for.

Retail 52