Need info on loans, house is paid off but credit is bad. what options do i have?

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Need info on loans, house is paid off but credit is bad. what options do i have?

if you have all the equity in your home you have several options you could get a heloc and only pull money out when or if you needed it and only pay on whats out! the rates on helocs are fixed! the rate on those is not to bad prime +or minus 1-2

there are many other options avalible to you and the rates would not be that high at all considering your LTV loan to value is low! under 50%

best bet look here to get payments for rates the calculators there should help

they gave me the best rate i could find with a 575 score!

Need info on loans, house is paid off but credit is bad. what options do i have?

with no mortgage, it should be easy to get bills paid off and on time

Need info on loans, house is paid off but credit is bad. what options do i have?

Most of financial institutions willing to lend you a loan if you are willing to pay for high interest rate. A credit score of 600 and above is average. If your credit score is below 600, I think it is not as good as it is. However, they will look into different criteria such as your mortage payments. You paid off the mortgage that's mean you already build up good credit already. If you can pay off that mortgage amt, 30k is nothing for you and of course you must have to good/secure job. My concern is, why do you need the money now? You want to have it in your pocket and use it when it is in case of an emergency. What you worry about is unforseable/unpredictable. But, I agree that you really worry about your life. However, I dont agree with you that you need to borrow that money because you will have to pay interest rate. You are not investing for you but you make an investment for lenders. You throw your money down the drain. If you want a solution right now, I would recommend that go get a credit card and save it in your wallet. Dont ever use it unless it is an emergency. You dont have to pay interest rate if you dont use it, there are credit cards with no annual fee. When you start loaning the money, you start pay them interest rate. This is so ridiculous. Listen to what I say, and think twice. Good luck!

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Need info on loans, house is paid off but credit is bad. what options do i have?

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