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The loan officer in Nashville who told me to stop paying my card
I was sitting with a loan officer at a local credit union in Nashville about 2 years ago, trying to get a car loan after my score sat around 640. He looked at my report and said, 'stop paying your oldest card for 3 months, the utilization drop will help more than the late mark.' I thought he was crazy, but I followed it and my score went up 40 points. Anyone else ever get advice that sounded backwards but actually worked? Or did I just get lucky?
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