Re: Equity through secured loans: alleviating the financial pressures of divorce
In the USA home equity loans have been very popular for some years. They are constantly advertised as a means to rescue one from credit card debt: take a loan on your home in order to pay off the extra coats, shoes, phones, televsions, nights out etc that you already charged on credit card. Or take the home equity loan to finance an ocean cruise, your kid's wedding, or whatever big ticket item would make you happy. By the time a couple is divorcing, they may already have used that option.
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