To Loan or Not to Loan?

Consumers need to practice great caution and calculation when using their home equity to make purchases, said USU Extension Agent Clint Albrecht. With a decent credit score, lenders will loan a borrower any amount of money, regardless of their ability to pay it back. The best advice for consumers before taking out a loan is to step back and ask if you can truly afford it.

For more information, contact Clint Albrecht, USU Extension Family and Consumer Science Agent, Beaver County, 435-843-2353.