Credit Score

Look very carefully at your report. Are there things that you can't recognise? Have you opened any new credit account lately? Have you closed any credit account lately? Were there too many credit inquires? Does your CR contain all correct information about you, say- your name, address, contact details and SSN?

Well Guest, I would also suggest you to scrutinize the report minutely, as there might be chances of bearing unnoticed things and if you find some sort of inaccuracy then you can send a request letter to remove inaccurate information to the credit bureaus.

It probably started with your closing your credit card account. Then when you apply for other credit and get denied, that affects your score also. You need to stop applying until your score goes up. Also, make sure to scrutinize any negative/derogatory items. If anything negative is on your report that's more than 7 years old, contact them for deletion.

Where did you pull the scores from? If it was anywhere other than MyFICO, then they are not true scores.

My best guess is that it was closing the credit card. That hurts in at least 3 ways. It reduces the average time your accounts have been opened. It reduces the aggregate limit of your revolving credit, which increases your utilization ratio of revolving debt to revolving limit. And it affects you mix of different types of credit being used. The best FICO scores typically have a revolving utilization of no more than about 7-10%.