09.21.26 HELOCked Into A Debt Trap / New Vehicles Under $40,000

The banks are at it again, and Clark wants to make sure you don't fall into a dangerous debt trap. Home equity levels are at record highs as financial institutions aggressively push homeowners to tap equity with HELOCs and cash-out refinances to pay off credit cards or fund lifestyle expenses. Clark explains why turning your home's equity into high-interest debt is a massive financial risk, how it mimics the harmful bank tactics of 20 years ago, and why keeping your low fixed-rate mortgage intact is critical for long-term stability. On the auto front, while major manufacturers continue prioritizing high-margin luxury vehicles over budget-friendly models, smart options still exist. Clark highlights nine major auto brands still averaging under $40,000 per sale, and reveals why the absolute best financial move you can make today is simply keeping your current vehicle on the road as long as possible. Plus, Christa shares your #AskClark questions and Clark gives his take. All this and more on the September 21, 2026, episode of The Clark Howard Show.  Submit your questions: Ask Clark. Home Equity Guidelines: Segment 1 Ask Clark: Segment 2 New Vehicles Under $40,000: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Is a HELOC a Good Idea? The Simple Answer - Clark Howard  Which Documents Should You Keep and for How Long?  China Extends 240-hour Visa-Free Transit Policy Coverage to 55 Countries Report: The Average Price of a New Vehicle - Clark Howard  New cars cost nearly $50K. Here are 5 brands for under $40K -USA TODAY How To Buy a Used Car - Clark Howard When Should I Drop Comprehensive and Collision Coverage? The Center For Auto Safety Lemon Law Tips  Clark.com resources: Episode transcripts Community.Clark.com  /  Ask Clark Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices. Visit megaphone.fm/adchoices