thinking about a 2nd mortgage on townhome to pay off 35k in cc debt. if i do this, how will this affect my credit score, so long as i do not us cc's again but keep them open. any suggestions. i would like to sale the townhome in may 06, and buy new home but want to improve my score. the 35k was due to bad business startup and won't be built back up. i don't buy stuff, just used the cards to help during this unsuccessful business venture. thanks.
