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No. of Recommendations: 4

That's not an e-fund it's debt. If I had no e-fund and a true emergency I would use my HELOC, which has a medium-ish interest rate. I wouldn't take on debt in advance, anticipating an emergency some day. And how would you pay it off anyhow? Would you? Would you just fund the interest forever thinking "well, it's my e-fund..."

E-Fund is savings, not debt.

I think you'll probably find consensus on this one...
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