If I plot to sell my house within the next 1-2 years is it a terrible thought to take out a home equity loan or line of credit?

Tags: bad idea, credit, equity, Home, home equity loan, lines, loans

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Delinquencies jump for home equity loans, lines of credit
The third-quarter increases to record levels contrast with an improvement seen with other consumer loans, the American Bankers Assn. says. Delinquencies on home equity loans and lines of credit jumped to record levels in the third quarter, a banking trade group said Thursday.
Read more on Los Angeles [...]

Many homeowners find equity lines cut dramatically
Hocking the house for quick cash is a lot harder than it used to be, and it’s causing headaches for homeowners, banks and the economy.
Read more on Detroit Free Press

Tags: banks, detroit free press, dramatically, economy, equity, equity-lines, find, headaches, homeowners, lines, Many

Obviously, if you’re sharing the writing credit, this might not apply. ..

Losing sleep over soaring interest rates? New legislation aimed at credit card companies may be just what the finance doctor ordered. Lifescript tells you how to read between the lines and rein in your bad habits…

Hopes high many small business people found that the lines of credit that they had performed to over the years was gone. ..

I told him that I would have one of the Vice-president’s of one of the major companies that provide Invoice, Lines of Credit to Staffing Agencies contract him later that afternoon. As I hung up the phone, I was hoping my contract would …

Bad credit debt consolidation might be a way for you to reduce your credit card debt today. If you have several credit cards and many other lines of credit that you would like to pay off quicker then consolidating them into one lump sum …

It would certainly come in handy should a big client go bust, or if you had bad credit card debts; or, indeed, to help manage any of those other little uncertainties to which a business is prone.