Definition
A credit grantor is a lender.
Analysis
A credit grantor generally refers to a lender that subscribes to credit bureau lists, reports account histories to at least one credit bureau and provides credit through various types of accounts. The credit grantor maintains ownership of the account, and grants access to consumers based on perceived creditworthiness.
Closed credit accounts that are listed on a credit report will also show one of 2 notations. The report will indicate whether the account was closed by the consumer or closed by the credit grantor. Any account closed by the credit grantor may slightly hinder the consumer’s ability to receive new credit in the near future.
