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>>I was under the impression that it mattered because "closed by creditor" was only used when you had become too big of a credit risk to the lender, so they shut you down. I have read elsewhere that it looks bad to potential lenders. I'm not looking to take out any loans in the near future, but would like to address the problem if it would potentially hurt me down the line<<

That is what I've heard and assumed as well, but don't know the true impact of it.

I always hoped that if someone needed to give me credit that they might be smart enough to see that I haven't had a late payment in 10 years on any card, and not put too much weight into the erroneous "closed by creditor" notation. Then again, I'm trying to pay down debt, not take out more credit, so it's kinda irrelevent for the time being.
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