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All of my accounts were closed by the credit grantor when I filed. I even had an account that I had never used that had a zero balance and it was closed.
@Anonymous wrote:All of my accounts were closed by the credit grantor when I filed. I even had an account that I had never used that had a zero balance and it was closed.
^^^this is exactly why I usually suggest closing any zero balance accounts before filing Bk. If you close them before you file, then the notation reads "closed by consumer, " and all the positive payment history is retained. If zero balance accounts are closed prior to filing, then those zero balance cc's don't get the IIB notation. After you are discharged it will make a difference because you have a series of good (but closed) accounts showing as well as the IIB accounts.
@StartingOver10 wrote:
@Anonymous wrote:All of my accounts were closed by the credit grantor when I filed. I even had an account that I had never used that had a zero balance and it was closed.
^^^this is exactly why I usually suggest closing any zero balance accounts before filing Bk. If you close them before you file, then the notation reads "closed by consumer, " and all the positive payment history is retained. If zero balance accounts are closed prior to filing, then those zero balance cc's don't get the IIB notation. After you are discharged it will make a difference because you have a series of good (but closed) accounts showing as well as the IIB accounts.
That makes so much sense now. I wish I had read this before I filed.
@Anonymous wrote:
I am confused. You are commenting on a series of events that have nothing to do with me. I am asking about changing history from closed to closed by credit grantor after filing.
Yes, you filed Bk and as a result, the creditor closed your account.
This is what happens when you file Bk. Even when the TL is at a zero balance at the time of filing. Some accounts slip through but the vast majority are closed by the credit grantor when you file Bk. To prevent that notation, you would have had to close the account before you filed. You mention it changed from closed to "closed by credit grantor" during your bk. How many months prior to the bk did you close it?
@Anonymous wrote:
No. "Closed by Credit Grantor" has not been the norm on my credit profile. I never closed any accounts. The FRCA states that only "closed" should appear, not charge off, not closed by Credit Grantor after BK was filed.
"closed by credit grantor" does not mean closed by you, it means Cap1 closed the account.
edit: Also, can I ask where you are getting updates from?