I need help guys. I recently applied for an increase on my sears card and was denied. I checked my credit score and found out that my score had gone from 612 to 545. I can not understand why this happened. I have credit cards but I have not used them in quite a long time and are all current. I have two cards that showed up as 30 days past due with sears and capital one, but as of right now all are current and am getting ready to pay all of them off this week. I want to know how I can at least raise my score back to what it was. I signed up with Lexington 2 yrs ago but did not see any change in my report. Would it be in my best intrest to close some of these accounts or to leave them open once i pay them off? Any advice you can offer will be greatly appreciated. Thanks
While your cards may be current now,both sears and capitol one have long memories.You could try a goodwill letter to them both.But in this time I wouldn't count on any increases,and if you pay them off there's a good chance of them being closed.
Sounds like a new collection showed up. If you were denied credit, you have the right to request a free credit report. I would do that first to see what's going on.
cbob's right. Request your free credit report and then come back to us with what you've found. We have a lot of great people here who are willing to help you navigate what they've gone through before. Don't close the accounts just yet, and as JJ said, if you pay them off completely they may close them on you anyway. So, be patient until you've figured out exactly what's driving your score down.
