Wednesday, October 15, 2003

Consumer debt Posted here Wednesday, October 15, 2003 at 5:46:40 PM     overheard.. House prices - rising more or less in line with increases in the money supply - and low interest rates made it possible to keep the spending frenzy going. Consumers could 'take out equity' while actually reducing their monthly payments. CNN notes that Wells Fargo now offers NowLine Visa, which gives homeowners access to a home equity line that can be used "for everyday expenses like gas, groceries, clothes, etc." ********