If an individual has a cc account in good standing, and declines - in writing, as per cc company demand - to accept new "contract" terms on the credit card is that cc "closed"? The individual has a copy of the letter sent to the cc company, never used the card again so there's no activity except continued payment, and the cc company sends a letter stating that they have closed the account. Once an individual has refused contract modifications, hasn't the contract be severed and the individual has effectively "closed" the account? The question isn't a matter of payment, while there were some late payments, it's a matter of when was the cc effectively "closed"? Any suggestions on how to proceed with removing OC statement that "credit grantor closed account"
Why dont you call the cc company and see if they will make that change for you? In effect, when you refused their change in terms and conditions, it is their right to close the account, not yours. Perhaps you should have called them prior to sending the letter and told them that you wished to close your account at your request rather than writing the letter. Bottom line, when you refused the new terms and conditions it was their option to close the account, and that is what is correctly reflected on your reports.
I may not have been as clear as I hoped. <s> Three years ago, the cc sends one of those infamous inserts with change of service (contracts) and one of the stipulations within the insert was that if the cc holder did not wish to be bound by the "new" agreement, they had to decline in writing, within 30 days. That was accomplished. By that action alone, including never using the card again, does it constitute the consumer closing the account? Telephoning and letters have yielded no results.
If the card still has a balance, and you are still paying on it, the contract is not "severed", and in fact you are paying under its terms. Why does the distinction of when it was "closed" matter? Is it the notation "closed by credit grantor", or is it an issue with the lates?
