Has anybody taken out a personal line of credit with a bank? I read interest rates are variable and can fluctuate from 9-15 percent. Thoughts?

@Anthony Pasciolla I had a $5,000 unsecured line of credit with Bank of America. That was at 18% They stopped offering that product and eventually shut it down. They told me they would give up to 10% of your income with $100k income min.

I took a personal line of credit. The interest rate is pretty high, though (just under 20%). The way they calculated my maximum loan amount was half of my documented income from my prior year's taxes.