Do you feel like your money is locked in a vault and you can’t get inside it? Well having all of your available money tied up in your home’s mortgage is just like that. The challenge is when you have bad credit on top of that and need to get an equity loan with bad credit.
So is it impossible to get money out of the vault that is your house? Not at all. The best thing to do first is get your credit report so that you know just how bad your credit is. Once you have your credit score you can take the next steps. The next steps are to talk with your current lender to see whether they can help you. If not, you’ll need to seek outside help and that can involve many lenders. The easiest way to seek help from multiple lenders is to use a lending website that caters to helping people with bad credit get a mortgage or in this case an equity loan.