Is this doing any damage?

Discussion in 'Credit Talk' started by Poochie, Jul 18, 2004.

  1. Poochie

    Poochie Well-Known Member

    I'm reviewing husband's PG record and he has two AMEX accounts which show closed by credit grantor, but with no late payments. He was behind on these accounts (accidentally - my fault for thinking they were his corporate card statements and never opening them!) and they both got kicked to collections. We paid them immediately. Does the "closed by credit grantor" notation lower his score? If we dispute would that encourage amex to report his late payments? thanks

    Poochie
     
  2. lbrown59

    lbrown59 Well-Known Member

    bumping
     
  3. Poochie

    Poochie Well-Known Member

    me too!
     
  4. Poochie

    Poochie Well-Known Member

    please? anyone?
     
  5. jam237

    jam237 Well-Known Member

    This is only from what I've heard...

    That comment is considered a negative comment, so chances are it is having some type of effect on the tradeline and the score for it.

    I haven't heard or seen anything concrete about it though.
     
  6. Hedwig

    Hedwig Well-Known Member

    Is it in the positive or negative section? If it's not in the negative section, or an automated review it won't hurt. On a manual review, it might. But you should be able to explain it.

    If it's in the negative section, I'm sure they've figured some way to decrease your score.
     
  7. Poochie

    Poochie Well-Known Member

    The comment is under status: instead of open or closed by consumer it says "closed by credit grantor" but there are no late payments showing and no associated collection accounts. I'd like to get that notation changed but at the same time husband's payment history is almost spotless - two tradeline have a 1 30-day late each from a couple years ago. I don't want to risk all of a sudden having 90-day lates on those lines cuz I KNOW that will hit his score hard so I don't know whether to just leave it or what. His score is really dragged down by utilization - he's maxed out. But we're working on that one dollar at a time!

    Poochie
     
  8. jam237

    jam237 Well-Known Member

    If its TU or Experian, you should be able to see if the account is considered positive or negative

    TU lists negative accounts in the first section of the paper report, EX lists negative accounts with hypnens before and after the number -1-.
     
  9. author_22

    author_22 Well-Known Member

    It has been rather easy for me to get TU and EX to change it to "closed by consumer" I don't think they worry too much about investigating that.
     
  10. lbrown59

    lbrown59 Well-Known Member

    Does the "closed by credit grantor" notation lower his score?
    Poochie
    =====================
    It's not good.

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