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Ask HTM - High Price of Driving a Lemon, Investing a Windfall, & Selling a Home After Just Two Years #868

How to Money

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The Risks of Debt Consolidation with HELOCs

This chapter discusses the dangers of consolidating high-interest credit card debt using a home equity line of credit (HELOC), particularly for individuals with low credit scores. The speakers emphasize the need to address underlying debt management issues rather than relying on quick fixes, drawing parallels to the pitfalls of weight loss drugs.

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