More Bad Advice - Can't Afford Christmas - Hello HELOC

Can't afford Christmas anymore - don't use those credit cards just HELOC it. Don't worry - what is the worst that could happen - oh you could just lose your house, that's all.

Another person not to take advice from - Sarah Dinkins - In this article form the Los Angeles Chronicle she write - Bad Credit HELOCs to pay for Christmas Debt. With gems like -

Usually during Christmas holidays people tend to accumulate debt due to the use of credit cards to purchase goods and services. This debt is repaid along the year with high costs in terms of financing. But if you take a bad credit HELOC and use the money to repay your credit card debt, you´ll get much better terms and more affordable payments with the same flexibility that credit cards provide.

...So, don´t think twice, if you have what it takes to qualify, go ahead and replace your expensive credit card debt with a Bad Credit HELOC and start saving.

I guess she wants company in HELOC Heaven (actually she probably just wants new business leads).