Equity Loan Information

Is there a trustworthy finance com. that will loan money for the equity in your home if your credit score low?

I have a low credit score but have never been late on my mortgage and I would like to get an equity loan to pay off late bills and other bills. How can you get help if no one will assist you I have never been late on my mortgage and that is there way of getting there money if i should fold on jump out of my obligation. I will not lose my home so that means I will pay my loan, but finance companies are making life so hard for people, I just need a chance to prove myself. Late or not I make my mortgage pmt every month on time.

Public Comments

1. That's a start, making your mortgage payment every month. However late payments affect your credit score. Your priorities are not right. Pay your mortgage FIRST, always on time. STOP spending money you don't have. STOP borrowing. Live within your means. Pay something every month on every bill. Pay more than the minimum on every bill every month. Cut back on cell phones, cable, manicures, hairdressser, eating out. Get a part-time job, second job. Pretty easy to find during the summer. Increasing your indebtedness is not a solution. CHANGE your habits.
2. First, before you set off looking for a loan, make absolutely certain that your credit report and credit score are in order. Experts have advised that a significant majority of credit reports actually contain inaccurate negative information. Therefore, by making sure that you credit report is in order and completely accurate<!--you will be in the best position to get the loan that you need at a most favorable rate.By following these pointers, you will be able to make the quest for financing for whatever your particular needs far easier. http://best-loans.awardspace.com/ Second, do not settle on the first lender that comes down the pike. In the 21st century there can be some significant differences in the interest rates and other fees that are charged from one lender to the next. By spending some time shopping around, you will be in the best position to find a loan at the most-->reasonable rate around.You need to make sure that you understand all aspects of the loan, including charges and fees.Finally, if you are seeking financing, do not overkill. You need to be prudent and responsible when you are in the market for a loan.
3. no, since you have been late with other bills. If you get a home equity loan to pay your CCs, you are taking unsecured debt and securitizing it - which is a HUGE risk with someone with a low credit score and you will pay the same or higher interest than the CCs that you have. In other words, when you can't pay your loan, you lose your home.