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Went from Excellent Credit (755) to Fair Credit (658) by adding one CC????
My credit score was at 755; however, I had only five (5) accounts. So, in an effort to increase the number of accounts (as advised by Credit Karma), I applied and received a new credit card with a $3,000.00 limit. Result, my score dropped 97 points to a Fair Credit standing!!!! Sucks, I worked hard to get my score to Excellent and was shooting for 800+ and was only trying to follow the advice of Credit Karma by adding more accounts! It took me about one year to get from the 600's to 755. How long will it take me to get back up to an Excellent Credit rating and what can I do to increase my credit back to the standing I had previously? PS. I also applied and received a Discover It credit card; however, it hasn't reported on my credit yet, so I anticipate dropping another 100 pts, I guess. What's up...Credit Karma, "you need more accounts", result drop my score 97 pts!!!

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