An interesting thread at Fatwallet.com looks at the issue of whether Americans have the financial discipline to effectively manage HELOC loans.

If you have a HELOC or are thinking of one, you may want to have a look at some of the comments and statistics in this thread.

Our philosophy here is that HELOCs are great tools for people who are savvy and disciplined enough to use them prudently. But there’s no denying that far too many people have hurt their situations with imprudent use.

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