Synchrony Financial Credit Card Complaint

APR or interest rate

Synchrony Financial Credit card department,

APR or interest rate North Carolina

-/Synchrony Bank - - - -, FL - Dear Sirs : I applied to -/Synchrony Bank to purchase some furniture. It was 18 months interest free. The total amount was $1900.00 dollars. I had made monthly payments on time and paid it down to $1100.00 Dollars. I had - and no longer could work the job that I had due to the - I was in. Synchrony Bank started charging me an interest rate of 29.99 % and late fees. My balance is now $2700.00. I know of a person who has gone through the same thing and his balance is up to $10000.00 dollars. I have tried to communicate with them to see if they would just let me pay back the original balance of $1100.00 dollars and they will not hear of it. I feel there is no way I can not pay this back ever with the interest rate and late fees applied every month as high as it is. Please help me and other consumers. This so wrong to treat consumers this way. Sincerely, - -

Synchrony Financial customer in North Carolina
Apr 04, 2016

* Source: CFPB Complaint Database

Synchrony Financial response to complaint:
Closed with monetary relief

Created with Highcharts 4.2.3Synchrony FinancialComplaint HistoryComplaints12/20151/20162/20163/20164/20165/20166/20167/20168/20169/201610/201611/201612/20161/20172/20173/20174/201701234567Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Synchrony FinancialAPR or interest rate56.9%43.1%Closed with explanationClosed with monetary reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageAPR or interest rate0.1%9.2%9.3%7.5%0.7%24.3%48.7%0.2%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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