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Web Extra: HELOC to Pay Off Debt?

Published: Monday, 11 Aug 2008 | 9:04 PM ET

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By: Carlo Dellaverson
Web Producer

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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