Ladies and germs; the man himself, Dave Ramsey. Check out this article where he talks about home equity lines of credit, and why they're about as stupid as having Kevin Federline host the Oscars. Now, I'm not saying I've never had one, but I wish someone had put a baseball bat to my head when I signed the papers to get one way back when.

Any yahoo who thinks they've paid off credit card debt by getting an equity line is kidding themselves, big-time. You go from owing a few thousand to the plastic companies to owing a few thousand to the bank. That ain't paying off your bills, jack, so grow a brain and deep-six your consumer debt for real, see? Get on a budget, stop using debt and start saving dough. It's the stuff that dreams are made of.