what does it mean when a creditor says account closed derogatory
Your credit report includes a variety of information about your credit card accounts, including the status of each account. On closed accounts, your credit report may include a comment that indicates who closed the account, specifically account closed by creditor if the credit card issuer closed your account.Creditors have different reasons for closing your credit card.ven though the account is closed, it will remain on your credit report. If you're still making payments on the balance, the payment history-and timeliness of your payments-will also be reported.