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jariarud

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Account closed, Canceled by credit grantor?
I had a retail chain store credit card which was opened few years back. I did not have any balance, and I did not use the card in years. Now it shows as "Between January 10, 2017 and January 24, 2017 the following remark was added to this account:
Canceled by credit grantor. Should I be worried? Will it impact credit score or future loans?

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You shouldn't worry, credit card companies often close accounts due to inactivity. It doesn't negatively affect you, except that your total credit availability is now reduced.

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