Is this hurting or helping me? Closed account

[StartinOver]

I need advice, please. Is this TL hurting or helping my utilization? (Please excuse the titles are not in correct columns.) Also, note the comments at bottom that state closed by credit grantor. I was thinking of getting a scooter and ended up getting it elsewhere and was not aware there was an account opened there, until it was already closed a year later and I saw it on my CR.

EXPERIAN	EQUIFAX	TRANSUNION
Account Name:	GEMB/FUNANCING	FUNANCING/GEMB	FUNANC/GEMB
Account Number:	XXXX	XXXX	XXXX
Acct Type:	Revolving Charge Account	Revolving or Option	Revolving account
Acct Status:	Closed		Closed
Monthly Payment:
Date Open:	5/1/2008	5/1/2008	5/14/2008
Balance:		$0.00	$0.00
Terms:	Revolving
High Balance:		$4,000.00	$0.00
Limit:	$4,000.00		$4,000.00
Past Due:			$0.00
Payment Status:	Paid satisfactorily	Pays account as agreed	Paid or paying as agreed
Comments:	Credit line closed-grantor request-reported by subscriber	PAID ACCOUNT / ZERO BALANCE ACCOUNT CLOSED BY CREDIT GRANTOR	Canceled by credit grantor

[mauve]

It looks positive to me.  No lates, no balance, not in collections, not a charge off....

[StartinOver]

I was wondering if closed by credit grantor might be hurting me. What do you think?

Also, does it only help for age of accounts, but nothing towards utilization because it is closed, right? I would think it is helping very little on AAofA. Is there an advantage to leaving it with the negative comment that they closed it?

[mauve]

Sure, it's reducing your AAoA - and upon manual review, the closed by grantor is not fantastic.  Yeah, the AAoA is the most significant way in which it's affecting you.  I wasn't looking at the dates.

[StartinOver]

So, are you saying it is beneficial under these circumstances to ask for a deletion?

[guiness56]

I would certainly not touch it.  It is helping your AAoA and your utilization.

[Schoolbuskid]

No do not have it deleted, this is a closed positive account. Its helping you, having it removed is what would hurt you.

[StartinOver]

thanks for both of your replies!

[Jazzzy]

We have old accounts on our reports that say closed by credit grantors. They certainly can't be hurting us much. All you have to do is read these boards to see that there are going to be many, many more accounts that say that on many people's reports. I wouldn't worry about it.

Also, don't go around getting new accounts off your reports. They're the ones that eventually turn into old accounts (golden!).