1. Money

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


Question: 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.

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 listing or the fact that your creditor closed your credit card (rather than you closing it) won't hurt 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.

©2014 About.com. All rights reserved.