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“Can’t retrieve information from LIVE. Please try again later” Games for Windows LIVE error

Error

When you try to update your payment information through the Games for Windows LIVE client software, you get the following error message:

"Can’t retrieve information from LIVE. Please try again later"

Solution

You can update your payment information through Xbox.com at Manage Payment Options.
After you update your payment information, the Games for Windows LIVE client will automatically use the new payment information that you provided.

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