Business Loan?

I want to ask for a 50000 loan next year to buy into a business. What is more celebrated for banks to look at past making the loan, your credit card debt or how much money you have save up? I currently have over 15000 surrounded by cc debt that I can payoff before January 2008. I don't know if I should reclaim the money or payoff the cc. I have a great credit gain. Please hellp

What to do when you are trying to track down the collection agency?



Answers:   i would split the differance -- pay 10k toward the cc debt and retain the 5k contained by savings!

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