Well , it really depends on two things, 1. who closed it, and 2. what standing it was in when it was closed. When you close an account, the payment history on all your other active accounts are shortened, the available credit, and the "average age of accounts" which makes it look like credit's been opened more recently than it has.
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Were the accounts canceled by consumer, or cancelled by guarantor. Well the latter is definitely worse being that something had happened for the acccount to get closed by the company due to inactivity or something else. If you (the consumer) close the account it's not as bad, but closing the account definitely hurts your score. Another thing is that the standing the accounts were in. Were you current?
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Were you delinquent? It looks even worse on your report when you've been delinquent. Credit is designed to be used when necessary over time. If you have an account, it should be used, but used lightly. If you have opened then closed accounts, it shows indecisiveness on your part as far as credit's concerned. I hope this answer helps.
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