Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
dom1n1qu33n

0 Contributions
0 People Helped
If an account is "cancelled by credit grantor" does that mean I no longer owe the balance?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-5 of 5Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
5 Contributions
1 Person Helped
Most Helpful Response

You owe the balance

Helpful to 1 out of 2 people

You will still owe the balance but paying it or not will not affect the credit Score

Top Contributor
1132 Contributions
1210 People Helped

Helpful to 1 out of 3 people

No, Give these guys a call 1  877  235  0324 Credit Pro's they can help.

2 Contributions
0 People Helped

CLOSED BY CREDIT GRANTOR

Helpful to 0 out of 1 people

IF MY ACCOUNT HAS A PAY STATUS: ACCOUNT PAID OR PAYING AS AGREED AND MY BALANCE=0 BUT IT SAYS THAT IT WAS CLOSED BY THE CREDIT GRANTOR IS THIS A NEGATIVE REMARK ON MY CREDIT SCORE?

2 Contributions
0 People Helped

Helpful to 0 out of 1 people

IF MY ACCOUNT IS CLOSED BY CREDIT GRANTOR AND MY  BALANCE =0 DO I STILL OWE THEM ANY MONEY? 

Top Contributor
3051 Contributions
2788 People Helped

Helpful to 1 out of 4 people

No, you still owe the balance.

Results 1-5 of 5Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.