Web Extra: HELOC to Pay Off Debt?

Monday, 11 Aug 2008 | 9:04 PM ET
OTM Web Extra
CNBC's Carmen Wong Ulrich helps viewers manage their personal finances in this On the Money Web Extra.

Patricia is sick of her credit card debt. She’s not making as much as she used to, and she’s starting to wonder if taking out a home equity line of credit is a good way to pay off that frustrating debt. Watch the video to see why Carmen and the On the Money Desk advise against it.


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