8.12.2010
great insight passed on by Calculated Risk regarding the situation in the US with home equity loans. Many people are not paying the equity loans because if the banks threaten, the people threaten back with bankruptcy and with no equity in the home, the primary lender will get whatever is there leaving the equity loan company with nothing:
Something to think about…on a personal note, never lend money personally unless you are comfortable with not being paid back.
