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I own a restaurant that is paying it bills. I know restaurants are risky business, but it has been open little over one year and I have fully funded it myself with 35K personal cash, Bank Of America Personal Line of Credit and numerous credit cards. The cards are my problem, with the interest rates rising quickly it is hard for me the pay off. (Many were open with no or little interest for 6 mo. to one year). I know banks have to make thier money, but some are trying to rape me. I would like one loan to pay, with one interest rate. I am assuming that my credit score is a C because of the amount of cards open, since I have owned my house for 8+ years and two cars, have never made a late payment. I would like to pay off the cards and close the accounts. The cards will not be reused.
Thank you
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