| Use equity for friend with credit-card debt? Be careful
My friend has several credit-card accounts totaling more than $35,000 in debt. My friend has a steady, well-paying job. But the debt-to-income ratio is too high for the banks, so a personal loan could not be approved and tapping into home equity is out of the question. I have considered using my home-equity line of credit to help, but am very concerned about putting myself into that situation. It's a close friend, but someone whom I have known only for a couple of years. I'm also concerned about how this might appear to family and other friends. I do trust my friend and I want very much to help. I am looking for advice that will really help my friend and still keep me in a financially good position. _ Dan Dear Dan, Your intuition was right on when you became concerned about risking your home and financial well-being to help a close friend.
Guardian Unlimited's tea-time take on the world of football
Ever since Whiskas revealed that eight out of 10 felines preferred their product, the Fiver has been suspicious of surveys. Over which alternative was Whiskas preferred, we mused, and could this select group of cats capable of communicating with humans be considered a representative cross-section of their species? Things are just as dubious when humans are involved - how can FHM readers honestly brand Diagnosis Murder-carrying stalwart Hallmark the most useless channel on television? And where on earth did the Football League Fans Survey find supporters who genuinely think drawn league games should be decided by a penalty shoot-out? .
BUSINESS BRIEFS
Lightfleet Corp. has promoted Timothy Witham to director of strategic alliances and appointed Elizabeth Schaedler to director of commercial sales. Based in Camas, the company provides compact computing solutions that deliver system-level performance with low-impact environmental characteristics. Bradley Andersen , a shareholder in the Vancouver law office of Schwabe, Williamson & Wyatt, has been elected board of directors chairman for the Skamania County Economic Development Council. Vancouver resident Paul Winters , president of Winters & Associates Inc., a management-consulting firm, has been appointed to the board of trustees at Evergreen State College. The appointment was made by Gov. Chris Gregoire. Recognition Nutter Corp. has received an award recognizing the company as the safest excavation, road-building and underground utility contractor in Washington.
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