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Closed account by grantor

Regular Contributor

Closed account by grantor

I had  2 accounts with Merrick Bank. One was a plain account and the other the Hooter's Master Card. They closed both of them saying that I had too many newly opened accounts. Actually I haven't opened any accounts but if they don't want my money i have plenty of other people that do, My question is one of those accounts had a balance that I am unable to pay off before it reports as closed. How will being closed with balance affect my credit score?
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Moderator Emeritus

Re: Closed account by grantor

You have received replies to this message on the Credit CArds board with the same question.  Please see the responses here:

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