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The Best Way to Spend Credit Cards for My Credit Score. Each debt that you repay or settle will make you are feeling a little bit better. If the merchant is found to own performed the transaction correctly, the cardholder bank will absorb the loss. Taking a cash loan on your charge card should be the final measure. While it's true that plastic card debt is usually erased from your credit score after seven years, you will always technically owe the debt. Each debt that you settle or settle will make you are feeling a little bit better.

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