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Money and Finances
Reply to "Offered friend loan of $80k"
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[quote=Anonymous]The friend should just get an equity line of credit against the house if she has any equity in it. People do that all the time to fund renovations, additions, and sometimes even debt (college tuition, credit card, etc). The fact that OP and the in debt friend haven't even considered this normal line of funding makes me think neither of them is very financially savvy (the fact the OP has money to lend doesn't mean she has the financial know with all). I am very suspect. [/quote]
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