Posts: 5
Registered: ‎05-10-2007

Closed by gurantor?

[ Edited ]
BofA closed an account I havd open and current for 5 months without notice. When I tried to use it it was declined. I called BofA they said "Oh... you were not eligable in the first place for the card" So they closed the account and reported it as Closed by gurantor on my credit report. How will this look to lenders and will this change my FICO?

Message Edited by jfirth on 05-10-2007 11:09 AM
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007

Re: Closed by gurantor?

That wasn't very nice of them!
Your score may take a hit initally. I wouldn't worry too much as the account was only 5 months old.
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