CLOSED BY GRANTOR How It Can Affect Your Credit Score

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CLOSED BY GRANTOR
How It Can Affect Your Credit Score

• BY www.newhorizon.org

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When assessing your credit report, you might find
remarks like Closed by grantor.
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This comment can get you worry about its impact
on your own credit rating.
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this comment can get you worry about its impact
on your own credit rating.
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BUT there is no difference whether the account
holder or the grantor closes the account
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The FICO score does not factor in this
information.
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When you see a closed by grantor comment in
your credit report, it's because your credit card
firm closed the account.
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Various reasons can lead to this
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Late payments
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2) Credit account inactivity for some time
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3) There was a balance transfer to a fresh card
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4) Your account was involved in fraud
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For more information read
http//www.newhorizon.org/credit-info/closed-grant
or-will-affect-credit-score/