I rarely get credit card offers, but yesterday I got something that made me give a mental shudder. It looked like a credit card offer, but instead it was a Visa card that was tied to a home equity line of credit. It even had the little fake plastic credit card attached to the offer.
I thought oh, just what someone needs, to be able to access their home equity at any place that takes Visa. (Imagine trading your home equity for lunch at McDonald’s, or a new pair of jeans at the mall.) Of course the offer is all about “saving hundreds of dollars”, “consolidating bills”, and possibly having the interest be tax deductible. Into the shredder it goes, after I call to get my name removed from their list.