New Member
Posts: 4
Registered: ‎10-02-2012
Re: What will impact my score more?
[ Edited ]

Ok I see.. What happened to me was I was not told how credit works, and what would happen if I close credit cards (which I closed 3 cause I had lost my job and knew I would no longer be able to pay on time). I did not know doing this will lower my credit score. I am only 22 and was getting credit card offers by 18 and a half. I remember by 2009 I had a score of 697 and now it is down to 515. All I have opened is a car loan and a furniture store credit line which I've had for a year now and have never made a late payment. I heard you need 3 lines of credit to start rebuilding, so would a secured credit card be my best option? Thank you for answering my first question I really appreciate it, btw.