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Accounts closed by credit grantors

New Contributor

Accounts closed by credit grantors

I have had 2 accounts in the past closed by the credit companies. A Home Depot card and a GE revolving credit card(not WM) They were always paid on time , but closed to due inactivity I assume. Is having your accounts closed due to activity good or bad in the companies light? Even with a good payment record?

04/08/2013 TU 659 EQ 661

Goal score: 700
Message 1 of 3
Valued Contributor

Re: Accounts closed by credit grantors

It makes no difference to your FICO score.  Upon a manual review it can go either way but as long as the account had a positive history I wouldn't give it any thought.  If the lender dings you for have an account with a positive history for being closed by the grantor it's not a company I would want to work with anyways. 

Message 2 of 3
Moderator Emeritus

Re: Accounts closed by credit grantors

Ive had several that were closed by grantor during the crunch. So far it has not negatively impacted my ability to obtain new accounts.

Starting Score: 08/29/2011 TU 671 EQ 674
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