credit score dropped for no reason

Trying to restore credit after bankruptcy in 2000?

January 2008 started with a $ 200 card. Having done well with him, I made an offer for a second credit card, I want to cancel because of their high fees, and the same month, also has a guaranteed $ 300 and another for $ 750. I see what this has done to my credit score, but I want to know is what I do now? Close all? Or, just pay and wait until my score goes up again? He fell from 640 to 598, without delay, even the minimum payments. The whole reason for me to do this was to obtain a score credit to finance a small house (six months to a year)

Well … honestly the damage is done now (which is … your score temporary drop 5 to 15 points for every new account opened) so that does not benefit you drop cards now … indeed … Will it hurt your score to close accounts because your credit score will indicate that you have a smaller amount of total funds available. The best thing to do is keep the balance on all cards incredibly low … Zero is the best … but if not zero … no more than 30% full on each card. It … the card limit is $ 300, have no more than $ 100 in it. So …. so .. . is best to wait a bit for your scores to go up. With a score of less than 600 to obtain a loan on a house of it should be possible … but … interest rates will almost certainly be higher than the rate in force. So … Do not buy more house you can afford … you do not want be in the situation that can not make a house payment and the house goes into foreclosure. After a few years the responsible behavior of your score rises a bit … and you may be able to refinance the house of a better rate. Good luck.