The loans targeted by scammers, called Home Equity Lines of Credit (HELOCs), are ones that a bank will extend to a homeowner, using their home as collateral.
Romance scammers are convincing victims to open home equity loans, research finds
The loans targeted by scammers, called Home Equity Lines of Credit (HELOCs), are ones that a bank will extend to a homeowner, using their home as collateral.