Will "Closed By Grantor" Affect Your Credit Score?What Is A Credit Grantor? The credit grantor is another term used to define your creditor or company that gave credit to you. As your credit grantor, the credit card provider can make a lot of choices concerning your account as described in your credit card agreement. They can increase or reduce your credit limit as well as change the interest rate.
They also have a power to charge your account for a particular purchases, and can can charge fees as a fine if you're late with your monthly payments. And lastly, your debt grantor can also close your bank account, in some cases without warning. Why "Closed By Grantor" May Appear on Your Credit Report? There are many reasons why your credit card might be closed... 1. You missed several of your payments 2. Your credit card was inactive for an amount of time Read more: Will "Closed By Grantor" Affect Your Credit Score?
0 Comments
Leave a Reply. |
Details
AuthorHi there! I’m Denise Shaw, a financial analyst from Delaware. I have been in this professional expertise for over 7 years now. Archives
September 2020
Categories |