Experian Says HELOCS Represent High Risk

Approximately $265 billion in home equity lines of credit opened between 2005 and 2008 will begin entering their draw down or repayment stage in the near future.  According to Experian this could pose a high degree of risk to credit unions and other financial institutions as data shows that HELOCs in the repayment stage are much more likely to become delinquent than those that in the draw stage. [6/1/15]