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Home Equity Basics
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home equity
Dealing with fraud

Anyone victimized by fraudulent lenders or contractors should:

• Contact an attorney immediately.

• File a complaint with the Federal Trade Commission's Consumer Response Center. The FTC cannot resolve individual complaints, but it can take action against a company if a pattern of violations is found.

• Contact the FTC via the Internet; by calling toll-free: (877) FTC-HELP (382-4357); TDD (for hearing impaired) (202) 326-2502; or by writing: Consumer Response Center at Federal Trade Commission, 600 Pennsylvania Ave. NW, Washington, DC 20580.

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Ask Dr. Don

Too much debt, too few options

Dear Dr. Don, My husband and I have a $173,000 home equity line of credit, or HELOC, carrying an interest rate of 2.25 percent. It has a draw period coming to a close in March 2016. Our monthly payments are to jump at that... Read more

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