Hi,
Im a college student wtih 653 FICO score.
I was originally in the mid 710s to low 720s when I only had one CC.
But when I realized the introductory interest rate was over, I found myself applying for multiple 0%introdcutory rate CC simultaneously.
Not knowing the negative effect of multiple inquiries, I thought I was saving good amount of money
After I get 'your FICO score has dropped [x] points' in my email I was afraid to use those cards those cards
Couple months later, I closed all those 0% introdcutory rate cards and get another email with 'Your FICO score has dropped [x] points'
Now, I am planning to purchase a car and lower interest rate on my finance can really hep me out.
I know there is quite a significant amount of interestf difference between 650ish and 710ish
I don't have a stable income because I spend most of my time studying in two different majors.
I pay my tuition with student loans and my parents pay for my living expenses.
Also I have about 7000 of credit card debt ( Paid tuition with my credit card once when I was short on student loan)
What can I do to increase my fico score within the next 6months.
