04-30-2012 10:55 AM
I can't speak to how you see it online, but in terms of FICO, HSBC is reporting that your balance is $3833 and your CL is $4600. The only negative I see are the 30s. When you close an account, it's normal to keep reporting the CL. It'll still factor into CC util up to the point it is paid off. Once you PIF, the CL will remain at $4600, but FICO will ignore the CL from utilization calcs.
I don't see any indicator that it was CO'd...only late by 30 days.
Account closed by credit grantor means they closed it. It's not a negative remark and doesn't mean it was CO'd. I have a few CCs that reported that way as the CCC got bought or sold. It's not a bad thing. If it were CO'd, it would report as "charge-off" or something like that in the comments. And you'd have worse lates than a 30.
04-30-2012 04:18 PM
They can do that and do it all the time. Maybe a consumer's credit profile changed. Somtimes it's the consumer who does it because they don't like a change in terms (APR increase, new annual fee, etc). The account gets closed as is and continues to be a part of util until it's paid off.
I had a Tribute Mastercard in my early rebuilding days. Opened in Feb 2008 and closed that summer because they were "discontinuing" the Tribute Mastercard. Had a $2300 limit and a $1750 balance when they closed it. It happens.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.