Question
Opening a new credit lowered my credit scor
Hello,
I recently opened a care credit card because I had a pet that got very sick. What I didn’t know was that opening this acct lowered my credit by 60 pts (!!!) I have had one credit acct for approximately 7 years, and that’s it. So this new acct lowered my average age of accts, which in turn lowered my credit. I’m wondering if closing this new acct (I have paid it off) will bring my score back up? Or has the damage already been done?
I recently opened a care credit card because I had a pet that got very sick. What I didn’t know was that opening this acct lowered my credit by 60 pts (!!!) I have had one credit acct for approximately 7 years, and that’s it. So this new acct lowered my average age of accts, which in turn lowered my credit. I’m wondering if closing this new acct (I have paid it off) will bring my score back up? Or has the damage already been done?
