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IMPORTANT: Bing News RSS feed has moved!Freeman says taking out a home equity loan should be a last resort. "Don't get one if you already have bad credit, if you can't afford to make your current mortgage payment or if you are not sure that you can make the home equity loan payments," Freeman says. Read more4 wrong ways to escape credit card debtBecause home equity loans suddenly exploded after a 1986 tax revision ... that regulate credit cards and make it very difficult for people with bad credit to get things like this that allows them to go over their heads and become over-indebted. Read moreAll I Want For Christmas: Less Debt?Read moreFor additional information, please see:
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