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What does "account closed at grantor's request" mean?


Reading over your credit report, you might notice some closed accounts have a comment that states "account closed at grantor's" request or "closed by grantor." This shows up when your credit card issuer closed your credit card, which may have happened for a variety of reasons: you were late on payments, the credit card was inactive for a period of time, the credit card was replaced with a newer version, the creditor detected fraud on the account, or you report the card lost or stolen.

If this isn't true and you requested that your account be closed. You can dispute the credit report entry. Include a copy of your credit card close request and certified mailing or return receipt that proves the creditor got your request.

The comment that your credit card issuer closed the account or the fact that your creditor closed your credit card (rather than you closing it) won't hurt your credit score. These comments aren't factored into your credit score. However, your credit score could be affected by a closed credit card if you still have the balance on the credit card or your other credit cards or if it was your only credit card. If the account was closed because of late payments, the late payments (not the "account closed" comment) will affect your credit score.

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