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The wording "Account closed by consumer" means that "you", and not the lender, closed the account. It usually indicates that there was no problem on "your" behalf with the account.

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Q: What does Account closed by consumer mean?
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What is a closed account permanently mean?

A account that has closed permanently is when a account has been closed forever basically.


If your bank account says EFT Charged Off does this mean that the account is closed?

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No, I don't think so. I went through something similar with household bank and my account was closed. But I was never late so they continued to report as current. However, on my credit report it states account was closed at consumer's request. So they may put a note with our account, but they can only report what is true; that you are either current, late or closed account but paid satisfactory. Hope this helps.


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