| Guest column: Home equity loans should be used sparingly
The versatility of the home equity line of credit has many consumers tapping into their home's equity to pay for home improvement projects, college tuition, weddings, new vehicles and credit card consolidation. While there are no restrictions on how the proceeds can be used, using your home's equity as a temporary solution to a long-term problem could jeopardize your home and credit. For example, using a home equity line of credit to consolidate credit card debt can put you into further debt if you continue to use your plastic and carry a balance from month to month. Your home is usually your largest asset. If you choose to use your home for additional credit, be sure you have a plan and purpose for that credit, such as financing a home renovation to improve your asset and increase your home's value.
Zoo Says It Helped Bring $125 Million To Community
CINCINNATI -- The Cincinnati Zoo said it was responsible for pumping nearly $125 million into the local economy last year. Officials want to get that word out, since residents might be voting on a levy to help support the zoo in about four months. The zoo gets about $6 million a year from Hamilton County taxpayers. .
This story has sparked 4 comments so far. What’s your view?
Me and my husband have nearly had our home repossessed 3 times. The first 2 times, we managed to pay back the arrears along side the current monthly mortgage with great difficulty. The third time, we were only saved by a family member loaning us the £3000 we were in arrears with. I know how difficult it can be. We did not do anything wrong and contrary to what people might think, we were not living the high life, my husband lost his jobe and then we put on short time and we did not have the income coming in, to pay all the bills. There should be more help for people in our position. You are made to feel like a criminal when you go to court and this is wrong. I don't know whether we will be in the same position in the future but itis always at the back of your mind.
Anti-corruption R.I. gov chats with convicted ex-mayor
Gov. Don Carcieri calls corruption an embarrassing scourge for this tiny state. He casts himself as the opponent of the scandal-plagued legislature and has welcomed a federal probe into Statehouse influence peddling. So why is he so chatty on a talk radio show run by Rhode Island's best-known political crook, Vincent "Buddy" Cianci? The former Providence mayor has interviewed Carcieri twice by telephone since Cianci's release from prison in May, most recently on Friday when they discussed the governor's plan to eliminate about 1,000 state jobs. Their talks are collegial, polite. Carcieri calls Cianci by his popular nickname. "Hello Buddy, how are you doing?" said Carcieri, opening an easy interview earlier this month. He ended the session on WPRO-AM by calling the appearance, "my pleasure." During a brief interview on Friday, Carcieri said he saw nothing wrong with appearing on Cianci's show.
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