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Jwally3

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Can you tell me why my score has dropped significantly?
The last time I looked at my credit score I was 649.. That was only a couple months ago.. Now it's 612.. I recently sent in an application to capital one bank for a new credit card, but it ended up being pre payed, and there's and annual fee, so I decided against it, but it's still on my credit report. Should I cancel the card? Or let it expire in 80 days so I don't have that card anymore? I don't understand why my credit dropped that much, or at all. Could you please tell me what I'm doing wrong, or what I can do to get my number higher?

Thanks.

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