Consumer Use Often Depends on Age

November 2005
Point for Credit Union Research & Advice;11/1/2005, p5
This article focuses on the role of age in the way consumers use home equity loans in the U.S. Seven percent said they had use loan proceeds for covering baby-related expenses. Nineteen percent said the loans would be ideal for healthcare expenses while 20% said they would use them for college costs. Seventeen percent thought the loans would be ideal for new car purchases.


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