Can I get a home equity loan with a credit score under 500?

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You may be able to get a secured loan from a bank by signing over your home as collateral, but your credit score is based on how well you "borrow". In other words, the way to a good credit score is to borrow often and pay it back always on time. Evidently, you have some bad debts and this is affecting your credit score. I'm surprised you can't find a sub-prime to lend to you at some ridiculous rate, though. Just because your house may be worth $125K doesn't mean you will pay back the loan and this is what the lender is looking at.

My question is "What's the point of borrowing money from one place to pay off a different debt?" I'm not an expert but the guy whose website I linked below is. He teaches a way to live your life without having to go into debt and has gotten a lot of people out of debt over the years. Hope this helps.

One thing to keep in mind is that money problems aren't caused by money and they won't be solved by money, either.

Can I get a home equity loan with a credit score under 500?

If your score is500 it will be very hard.try to get it up to 580 and u won't have a problem.THE FASTEST WAY IS TO PAY OFF A FEW CREDIT CARDS AND THAT SHOULD DO THE TRICK.**** LUCK.

Can I get a home equity loan with a credit score under 500?

If my sister in law can get financed anyone can.

right now loan company's are falling all over themselves to make secure loans ;For your home they would be in a can't lose situation. be careful make sure the gremlins that ran up that unsecured debt are gone for good.And the reasons for the poor credit are history, because you are letting your home bail you out, next time you are looking at the street.

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Can I get a home equity loan with a credit score under 500?

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