What is the meaning of the term “Closed by Grantor?”

“Closed by Grantor” is a term used in the United States credit score and reporting system to describe a credit account that has been closed at the request of the grantor, which is the creditor. This means that the creditor has decided to cancel your charge privileges on that particular account. It’s essential to understand this term because it can have an impact on your credit score and financial well-being. If you want to learn more about managing your credit and improving your financial situation, consider joining the Credit Secrets program. Take control of your credit and start building a better future today!