When a credit card closes your account due to a score dropping!

[Anonymous]

When a credit card closes your account due to your credit score dropping, does it drop it further? It says in the comments, closed by credit grantor, but everything is current on it.

[Anonymous]

I don't believe the "closed by credit grantor" is factored into FICO, but some lenders will weight it on their own internal scoring.

[Anonymous]

doubleloop, do you mind sharing who would do such a thing?

[TheNewWorldMan]

I wouldn't worry about it too much.  If the account was in good standing when it was closed, I don't see why it would hurt your FICO.

I would call them up and ask about it.

But overall, good riddance to bad rubbish.  If that company was that persnickety about the way it handled your account, you'd have probably had to wait until Doomsday to get a CLI anyway.  If they don't want your business, that's their loss.

Message Edited by TheNewWorldMan on 03-28-2007 02:36 PM

[Anonymous]

The real answer: it depends.

If this is an old card and it gets closed and your average age (of open accounts) decreases, your score may drop. If it's a newer card and your average age increases, your score may increase.

[Anonymous]

Don't mind at all.  It was Chase.