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Worse: Acct Closed or Paid Less?


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To be honest, I'm not sure. I don't work for the credit bureaus or for those who work in the industry...but I can say, as a consumer I'd much rather have the "Account legally paid in full for less than full balance?" Closed by credit grantor indicates that they had to take action and close it, even if the balance said -0- owed. Besides, they could've just transferred the balance and that's why it's reading zero. If you settled, it should report as such. JMHO. I'm sure I'm wrong but keep in mind...I'm jaded...I had a paid, late acct "closed by credit grantor" and it hurt my credit for YEARS.


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