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