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If you're a homeowner saddled with debt (and we're talking about high-interest debt like the kind you pile up on credit cards), then a Home-Equity Line Of Credit, or HELOC, might be a good escape hatch. After all, the average credit card now carries an Annual Percentage Rate (APR) of around 14%, whereas the average APR for a $30,000 HELOC is about 8.2%, according to Bankrate.com. And that's before you consider the tax break on your interest payments.
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