Grow Credit does not charge fees for closing your account. However, we do not recommend that you close your Grow Credit account, even if you are not carrying a balance on it. The reason is that your credit score considers your credit utilization ratio, which compares your current balances to your available credit. Having a lower credit utilization ratio—that is, having a smaller percentage of your available credit used up—can result in a stronger credit score. Closing your Grow Credit account will take away one source of your credit, lowering your overall available credit.

You can read more about how closing a credit account might affect your credit score in our blog article “Why You Should Never Close a Credit Account.”

If you are experiencing financial hardship and would like to discuss your unpaid account balance, please send an email to our customer support team at behappy@growcredit.com so we can discuss your options.

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