Question: Please see the below statement. Debate the response if you disagree with anecdotal examples. Or state why you would agree. Home equity loans and lines

Please see the below statement. Debate the response if you disagree with anecdotal examples. Or state why you would agree.

Home equity loans and lines of credit are secured by your home which makes it very risky. If the business fails you put your home at risk. The best option is to try to avoid using personal assets with your business however, sometimes it is necessary. It may be approtiate if you know it is a limited time you will need this method or you have garuntees to sucess. but more often than not it is just best to avoid at all costs. The best route to ensure you don't lose it all is to stay away from personal but thats not to say it could not go the opposite way.

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