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N8MOTO

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How does LOC affect credit score?
I find this so confusing. My credit union gave me a LoC for $500, so I'm thinking I could just use that to pay for my rent? I'd only be accruing interest for one day because I'd pay it back instantly, so I wouldn't be paying much more than what my rent is anyway. I know it would be more than 30% utilization but since I'm paying it back immediately wouldn't it increase my score more? Or should I just take 30% out for rent?

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