3. Choose an Equity Stripping Plan
An equity stripping plan leaves loan sharks empty handed! This plan is basically a process in which you will reduce the overall equity in your property. Basically, equity stripping is a common protection strategy that guards homeowners from creditors. How so?
Well… most creditors are discouraged from including your home in any claims when they see a reduced interest in your property. So, if you can, you should opt for an equity stripping plan to protect your home from creditors and lawsuits.
