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Consumer Law

: Caveat Emptor

Your home equity line of credit is not an ATM

By Sam Glover

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Last August, I wrote about the “Speed Equity System,” a dumb idea centered around using a home equity line of credit as if it were a bank account. The basic idea is to deposit all your income into your HELOC, preventing as much interest from accumulating as possible. If you do, you can pay off [...]

Full post as published by Caveat Emptor on December 11, 2008 (boomark / email).

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