Well don't take just my opinion as your only advice, as I'm fairly new to this.
However, I've been reading just about everything that's come up for the past couple weeks and I've learned a few things.
First off as far as I've read, and from what you already said, having open accounts is not a bad thing. You said yourself that you had a 809 before the inquiries and the two new accounts.
I would guess that the reason your score fell is like you said, the inquiries, and the fact that the new accounts are viewed as new and also lower your overall average age of accounts. From what I've learned so far, I would say to keep the accounts open and let the two new ones age as well, when they hit the one year mark they won't be reported as new any longer and by that time the inquiries will no longer matter either.
Those two things in and of themselves should help to get your score back to where it was, let alone the fact that you will have 2 new TL's (trade lines) with positive account history for 12 months each, and that's never a bad thing.
Like I said before I wouldn't take my opinion to heart until some of the other regulars and experts chime in too, but I think you would be best suited to just pay off the new accounts, and keep current with everything as you've obviously been doing very successfully to date.
Hope that helps!
Message Edited by Jamesus81801 on
07-28-2007 09:53 AM
