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Old 05-22-2009, 12:24 PM   #16
murd0c
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Quote:
Originally Posted by wouwou View Post
^True and good advice.

Although OP will have a very difficult time explaining to the loan officer why there is a 7 year blank in his borrowing history.
they don't need to know why theres a 7 year blank. They don't care. Haveing one bad debt wrtie off credit card is not a issue just as long as you have other current good standing credit you should be fine.
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