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re: Secured LOCs: What is the point?

Posted on 2/12/16 at 5:17 am to
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12478 posts
Posted on 2/12/16 at 5:17 am to
Some people don't want to liquidate everything they have, or at least whatever they use as collateral for the secured line.
This post was edited on 2/12/16 at 5:23 am
Posted by Volvagia
Fort Worth
Member since Mar 2006
51919 posts
Posted on 2/12/16 at 7:51 am to
I'm not talking about something secured by equities or even a CD.....I'm talking about a savings account where there isn't even a liquidation event, just a withdrawal to tap the assets.

Where is the value in paying the bank a fee to utilize that asset rather than simply withdrawing?
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