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Spicuzza

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Public Service Announcement: 

Dear Friends, 

They’re doing it AGAIN… 

Banks and finance companies are advertising for home equity loans, just like the pre-2008 housing collapse. 

DON’T DO IT. 

The latest offer is to use your home equity to pay off high interest credit card debt. 

DON’T DO IT. 

Credit card debt is UNSECURED DEBT, that’s why they charge 18.49% or more interest, its high risk for THEM, high reward for THEM. 

When you convert that UNSECURED debt with a mortgage on your home that is the fast track to losing your home. NEVER convert UNSECURED debt to SECURED debt with a mortgage on your home. 

Credit card debt is dischargeable in bankruptcy and your homestead is an EXEMPT asset in Florida. Creditors can’t force the sale of your homestead to pay their debt UNLESS you secured that debt with a MORTGAGE. 

Pay your damn house off and DO NOT use your home as an ATM. 

If you want to earn 18.49% or more on your money GUARANTEED, then pay off your credit cards and stop viewing your credit limit as if it’s cash in the bank, its not, its brutal DEBT. 

http://www.GarySpicuzza.com

Fiduciary Financial Consultant
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Gary D. Spicuzza,
Agent-in-Charge

The Trust Group
2435 U.S. Hwy. 19
Suite 125
Holiday, FL 34691

Office: 727-945-8599