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Pastimes : Ask Mohan about the Market
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To: MythMan who wrote (14965)3/18/1998 11:17:00 AM
From: yard_man  Read Replies (1) of 18056
 
>>Carol Kurth, education coordinator for Credit Counseling Centers in
Farmington Hills, Mich., thinks families are not more debt free but
simply trading in one type of debt for another.

For example, many more are taking out home equity loans, sometimes
for 125% of the house's value, to pay of their credit cards. "People are
not getting rid of debt, they're changing how they're paying for it," she
said. <<

I heard that crud on NPR today. The report is about as good as the one a few weeks back on the budget surplus. Bogus as ...
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