Well first of all, the "Closed by credit grantor" really doesn't mean anything. I don't understand why so many people dread it around here. It makes no difference scoring wise. And IF by chance a UW asks about it upon manual review, it can easily be explained.
Anyway, your wife can simply dispute the account herself with the bureaus as "not my account/not financially responsible" and it should get deleted promptly.
@OmarGB9 wrote:Well first of all, the "Closed by credit grantor" really doesn't mean anything. I don't understand why so many people dread it around here. It makes no difference scoring wise.
Speaking just for myself, I think it's a point of pride. Having your credit reports say 'closed by credit grantor' just smacks of something bad, like you were a bad customer, didn't pay on time, handled the account poorly, etc., and THEY chose to close your account. Even knowing that it has no effect whatsoever on my scores, I still don't like seeing it!
@Anonymous wrote:I've read that Amex are the ones that are tricky to deal with.
+1. I'm curious if you run into any problems with any of the CRAs and/or Amex saying no to deletion.
@SoCalGardener wrote:
@OmarGB9 wrote:Well first of all, the "Closed by credit grantor" really doesn't mean anything. I don't understand why so many people dread it around here. It makes no difference scoring wise.
Speaking just for myself, I think it's a point of pride. Having your credit reports say 'closed by credit grantor' just smacks of something bad, like you were a bad customer, didn't pay on time, handled the account poorly, etc., and THEY chose to close your account. Even knowing that it has no effect whatsoever on my scores, I still don't like seeing it!
But what if it wasn't closed for a negative reason at all? A perfectly legitimate example is if a creditor closes a TL because of inactivity. You didn't do anything "wrong" persay, but the issuer is merely doing some housekeeping and wishes to free up that unused credit for someone else who *will* put it to use (and make them money, obviously). In that instance, it'll still be closed by the issuer, and will still have that "Closed by credit grantor" statement, but it was closed for perfectly innocent reasons.
@Anonymous wrote:Thank you! Definetly helps. I just feel bad for potentially damaging my wife's credit...
Removing an AU wouldn't necessarily damage their credit. It may or may not slightly impact score, depending on how much the AU account was helping in the first place, if at all.