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  • Report:  #1534242

Complaint Review: Synchrony Bank

Synchrony Bank High Yield Savings? Robbing me with High interest Rates; Internet

  • Reported By:
    Mariah — Phoenix United States
  • Submitted:
    Sat, September 14, 2024
  • Updated:
    Mon, September 16, 2024

I have an almost perfect credit score of 825 and Synchrony Bank is beyond Loan sharking me with a 23% interest rate? They are illegally charging me with my credit score of 825 and Synchrony Bank is charging me 29.99% interest; and a person I recently spoke to who went Bankrupt is only paying 21.9% interest?  (This is criminal) and the Federal Government needs to get involved. 

2 Updates & Rebuttals


Irv

United States

Hey There, Attorney

#3Consumer Comment

Mon, September 16, 2024

 Please tell us exactly what laws they are violating by setting whatever APR they have!


Flint

Rolla,
Missouri,
United States

LOL what?

#3General Comment

Sun, September 15, 2024

 They can charge whatever interest rate they want. Certainly 30% is legal (although that's a penalty interest rate for deadbeats who don't pay on time). If you don't like it, refinance with someone who can offer you a lower rate. If your credit score is really 825, that won't be difficult.

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