how much will a closed card decrease my score?

[HornsFan]

Chase recently closed my freedom card citing I had another account in collections, and a bunch of other bs....anyways, i'm wondering how much it'll negatively affect my score, and what it will say...."card closed by lender" or something tot hat effect? thanks in advance. nate

[fishbjc]

You may be in luck with Chase.  DH has an acct closed by Chase for a BS reason.

It says CLOSED BY CREDIT GRANTOR

Fortunately, it still reports the original credit line of $5300 and he has a bit of a balance we're paying off.  I've seen some cards report the original credit line of $0.00 and that's murder.

[CreditDrama85]

this happened to me on my chase account and it lists the high credit (not cl) , current balance and says "account cancelled by credit grantor"

[HornsFan]

thanks y'all are awesome!

[Anonymous]

I could be wrong but isn't closed by grantor the one you don't want on your report?

[CreditDrama85]

the comment itself wont effect your score but surely isnt favorable when having a manual review. i read an article that said since accounts are closed frequently by consumers and grantors that it really has become more common to see such a notation and the pay history of the account is what matters.

[HornsFan]

the payment history was excellent and went over limit once, but ws still paid to zero...it wasn't by choice, they just closed it on me....my sandbox sorta thing....

[fused]

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