Quote:
Originally Posted by camperjohn64
That's ok. Today my bank canceled my home equity line of credit. Even though I have never missed a payment, and in the last 4 months, paid off $15,000 from it.
This means that if I lose my job, I will have a limited number of months to live off my savings. The home equity credit took a lot of stress off of "where will I get money to pay for the house if I have none".
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That whole home equity line of credit scam was one of the biggest frauds ever laid on the American public.
Moreover, the banksters who sold the idea that a line of credit was some sort of safety net should be in jail.