Valued Member
Posts: 63
Registered: ‎06-08-2007

Accounts closed by credit grantors

I have had 2 accounts in the past closed by the credit companies. A Home Depot card and a GE revolving credit card(not WM) They were always paid on time , but closed to due inactivity I assume. Is having your accounts closed due to activity good or bad in the companies light? Even with a good payment record?

04/08/2013 TU 659 EQ 661

Goal score: 700
Valued Contributor
Posts: 1,863
Registered: ‎09-20-2011

Re: Accounts closed by credit grantors

It makes no difference to your FICO score.  Upon a manual review it can go either way but as long as the account had a positive history I wouldn't give it any thought.  If the lender dings you for have an account with a positive history for being closed by the grantor it's not a company I would want to work with anyways. 

Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011

Re: Accounts closed by credit grantors

Ive had several that were closed by grantor during the crunch. So far it has not negatively impacted my ability to obtain new accounts.

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