-9 points in one week

[AssistanceRequired]

I am really confused... I don't know what I am doing wrong.  I paid down the GEMB card and the account is closed "at customers request".  Results -6.  I disputed a balance that resulted in me losing history earlier this week. Results -3.

I paid down all my credit cards except for the HSBC... Does this mean that my score is going to continue to reduce?  I lost a $2000, loc with the GEMB and my scores are so low I will not be approved for anything else.  What do I do now?  How do I rebound? Please make suggestions?

The plan was to apply for a mortgage in June... That ship has sailed.

Thank you all so much in advance.

Assistance....

Message Edited by AssistanceRequired on 04-30-2008 04:06 PM

[Anonymous]

Closing out the GEMB may have lowered your utility.

The TL you disputed the balance on and lost, try calling the creditor and ask if they could re-report it. It sounds like you needed it to help out with age.

Paying down your credit cards will give you a boost as well. I would call and see about CLI's on cards you have now. HSBC has a backdoor number.

[Jesedmotherof5]

why did you close the account? You lost History and UTI.

[AssistanceRequired]

GE Money Bank was a $2000 loc thru PeachDirect who lost the GE account.  When the balance was paid the account closed.  I didn't want to loose it, my largest loc.

Now, I find out that Orchard is holding upto $400 in payments on my $600 loc for two weeks now. 

As I charge, I pay it on line immediately, and they hold the payments.  Result "high usage".

They did a soft inquiry result $100 cli.

I ran my SW CR and it indicates considerably lower balances.

4/20/2008 EQ: 663 

4/30/2008 EQ: 654

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