Credit cards get the hate, but HELOCs are the crushing debt

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Credit cards get the hate, but HELOCs are the crushing debt GlobeMoney

 

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The problem with home equity lines of credit? Perma-debtThirteen per cent of HELOC holders in a FCAC survey said they frequently used their credit line to meet payments on other debt, such as a mortgage or credit card, and another 16 per cent said they sometimes did this
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Looking at a HELOC? Adhere to this warning label: Caution, indebtedness aheadThirteen per cent of HELOC holders in a FCAC survey said they frequently used their credit line to meet payments on other debt, such as a mortgage or credit card, and another 16 per cent said they sometimes did this
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