Reported 9 days ago
As inflation rises and household debts increase, many Americans are turning to home equity lines of credit (HELOCs) as a means to consolidate debt. With a significant amount of home equity available, consumers are finding HELOCs a practical option to lower high credit card interest rates and manage their finances more effectively. While the revival of HELOC usage poses risks, responsible application and management can lead to favorable outcomes for homeowners looking to reduce their financial strain.
Source: YAHOO