How to Settle Debt With SYNCB (Synchrony Bank)

Receiving a debt collection notice from Synchrony Bank is stressful. But you can handle it.

You have options to resolve your debt issue. Negotiating a settlement is one powerful approach.

Respond to SYNCB's Lawsuit Before Time Runs Out

Don't let SYNCB win a default judgment against you. You have limited time to file your Answer and protect yourself from wage garnishment and bank levies.

Respond to SYNCB Now

Taking action now protects your rights and your financial future.

What Is SYNCB?

SYNCB stands for Synchrony Bank. It operates as an online bank offering savings accounts and CDs.

Synchrony also provides financing and credit cards across multiple retail categories. The PayPal Extra Mastercard is one popular example.

Synchrony Bank handles debt collection internally through a dedicated department. Outside collection agencies rarely get involved.

However, when debts become severely delinquent, SYNCB hires law firms. These attorneys file lawsuits to escalate collection efforts.

Read SYNCB Reviews Online

Research helps you understand what to expect from SYNCB. Reading experiences from other consumers provides valuable insight.

Check these sources for real reviews:

WalletHub consumer reviews
Better Business Bureau customer feedback
Trustpilot ratings and comments

Reviews of SYNCB show mixed experiences. Some consumers report positive outcomes.

Others describe frustrating interactions. The variety should not discourage you from engaging.

Many debt collectors work with individuals to resolve collection matters. Proactive communication makes all the difference.

Negotiate With SYNCB to Settle Your Debt

You can negotiate a debt settlement regardless of your situation. Whether you received a lawsuit or just phone calls, settlement remains possible.

Follow these strategic steps to settle your debt with SYNCB:

File a written Answer if SYNCB sued you. Filing prevents a default judgment that damages your negotiating position.
Calculate what you can realistically pay. If you owe $10,000 and can pay $5,000 while covering living expenses, you have your baseline.
Contact SYNCB with a fair settlement offer. Send a written debt settlement letter with an amount lower than your calculated maximum. You need room to negotiate upward if they counter.
Get everything in writing. Draft a debt settlement agreement containing all relevant terms and conditions.
Sign the agreement properly. Both parties must sign to make the contract legally binding.
Pay the agreed amount on time. Fulfill your commitment completely. Failure leads to wage garnishment and property liens.

Our partner Solo can help you respond to a lawsuit and negotiate effectively with SYNCB.

Credit Card Companies Must Prove the Debt Is Valid

When a credit card company sues you, it must prove the debt. Courts require actual evidence, not just allegations.

If flaws exist in their case, you can challenge it. You may owe less money or nothing at all.

Debt collection lawsuits are breach of contract cases. The credit card company must show you failed to meet valid contractual obligations.

The company must prove several elements:

A valid contract existed between you and the company
You accepted the contract terms
Valid consideration was provided to you
You breached the contract by failing to pay
The company suffered financial harm from your breach

Courts operate on evidence. The credit card company must present the actual contract.

Account statements and payment records must demonstrate your failure to pay. The company must also prove it suffered actual damages.

Ask yourself these critical questions when sued:

Did I actually own a credit card from this company?
Are these charges really mine?
Is the amount they claim accurate?

Credit card companies often have solid evidence. But you may have affirmative defenses that require dismissal.

Use These Affirmative Defenses If You’re Sued by SYNCB

Affirmative defenses show the credit card company violated legal requirements. Valid defenses can get your case dismissed or the amount reduced.

Payment without proper credit is one example. If you paid but the company failed to record it, they breached the contract.

Proving payment fulfills your contractual responsibility. Their accounting error is not your problem.

Our partner Solo helps you make the right affirmative defenses the right way.

Statute of Limitations

Every state sets a statute of limitations on debt collection lawsuits. The time limit varies by state.

Florida allows four years for breach of contract cases. If too much time passed, the case gets dismissed.

Contract language cannot override statutory law. A five-year contract provision means nothing when state law limits it to four.

Plaintiff Failed to Attach Required Documentation

The company must document its allegations properly. Missing contracts or account statements weaken their case.

Plaintiff Failed to Comply With Court Regulations

Debt collectors must follow all court rules and procedures. Hold them to the same standards they demand from you.

Sued for Unauthorized Charges

You bear no responsibility for charges you never authorized. The only exception involves co-signed accounts where the other party made charges.

Sued for Fees Not Included in the Contract

Every fee must appear explicitly in the original contract. Late fees, overlimit charges, collection costs, attorney fees, and court costs all require contractual authorization.

Sued for Fees That Violate Statutory Laws

Many states limit or prohibit certain fees. Unlawful fees must be dismissed regardless of contract language.

Charged an Interest Rate That Violates the Law

Many jurisdictions cap interest rates. Overcharges that violate state law provide an affirmative defense.

Always Respond to a Lawsuit From SYNCB/PPEXTR

Ignoring a lawsuit is the worst mistake you can make. Many debtors make this error because they cannot afford to pay.

But lacking funds makes responding even more critical. Your response prevents a default judgment.

When you fail to show up, the court automatically rules for the plaintiff. Default judgments often far exceed the original debt amount.

Default judgments give creditors powerful collection tools. They can levy your bank account or garnish your wages.

Running low on money makes these consequences devastating.

File an Answer immediately upon receiving the lawsuit. Your Answer should demand proof of the debt and assert affirmative defenses.

If the company proves you owe money, settling out of court often makes sense. Companies frequently waive fees, interest, penalties, and portions of the original debt.

SYNCB/PPEXTR is an original creditor, not a debt buyer. Original creditors typically have the documentation needed to prove debt.

Because of their strong position, focus on affirmative defenses and settlement negotiation. Your response, proof demands, and asserted defenses give you leverage.

Strategic leverage leads to productive settlement agreements that save you money.

Frequently Asked Questions

What is SYNCB and why are they contacting me?

SYNCB stands for Synchrony Bank, which issues credit cards including the PayPal Extra Mastercard. They contact you because they claim you owe money on a delinquent account. Synchrony handles collections internally but hires law firms to file lawsuits for severely delinquent debts.

How do I negotiate a debt settlement with SYNCB?

Calculate what you can realistically pay, then offer SYNCB a lower amount in writing. If you can pay $5,000 on a $10,000 debt, start by offering $3,500 to leave negotiating room. Get any agreement in writing, have both parties sign it, and pay the agreed amount on time to avoid future collection actions.

What happens if I ignore a lawsuit from SYNCB?

Ignoring a lawsuit results in a default judgment against you. The court automatically rules in SYNCB's favor for whatever amount they claim. Default judgments allow SYNCB to garnish your wages and levy your bank accounts, making a bad financial situation much worse.

Can I use the statute of limitations as a defense against SYNCB?

Yes, if SYNCB waited too long to sue you. Each state sets time limits for debt collection lawsuits, typically ranging from three to six years. If the statute of limitations expired, the case must be dismissed regardless of whether you actually owe the debt.

What affirmative defenses work against SYNCB debt lawsuits?

Common defenses include expired statute of limitations, charges you never authorized, fees not in the original contract, illegal interest rates, and missing documentation. You can also challenge SYNCB if they failed to follow court procedures or sued for amounts you already paid.