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Added July 5, 2010 from: Beverly Blair Harzog
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 Beverly Blair Harzog
Answered By Beverly Blair Harzog:   Since you already have a poor credit score, do not close the two accounts. If you do, it will increase your utilization ratio (the amount of debt you owe divided by the total of all three of your store credit limits).

Find out if the retail stores where you have cards report to the credit bureaus. If they do, you can use these cards to rebuild your credit. Just be sure you pay off your bill every month and pay it by the due date. And avoid carrying a balance because most retail cards have a high interest rate.

You might also consider getting a secured credit card to help you boost your FICO score. These cards require depositing your own money as collateral, but if you choose a card that reports to the credit bureaus, you can improve your credit history.

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