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By Karey in UT
In 2003, I tried to save my brother from failure. He owned a backhoe that was about to be repossessed. My husband and I decided to pay off his tractor with our home equity loan account with the guarantee that he would make the monthly payments.
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The original $52,000 loan is now up to $85,000 with cash advances and interest! My brother made a few token payments at first, but that was not enough to even offset the cash we had advanced him. My brother has not talked to me in three years.
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