i'm planning on starting my own business in about 9 mths. I'm making my payments on time but i still have about 20k in credit card debt and can see my utilization isn't moving. I would like to pay this unsecured debt off and increase my credit score so i'm in a more solid credit standing.
2 questions: Does this effect my credit score negatively and is it listed anywhere on my credit bureaus where potential lenders and creditors can see it?
Do lenders who are involved in these type agreements usually stop lending credit when the agreement is done? For example, if i included a certain bank in this agreement, would they blackball me from ever being able to be approved for credit with them again?
