Bad Credit Equity Loan » bad credit loan http://badcreditequityloan.com/blog Bad Credit Equity Loan Resources and Tips Fri, 23 Sep 2011 01:31:54 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Bad Credit Loan http://badcreditequityloan.com/blog/bad-credit-loan.html http://badcreditequityloan.com/blog/bad-credit-loan.html#comments Fri, 23 Sep 2011 01:23:13 +0000 Bad Credit Equity Loan http://badcreditequityloan.com/blog/?p=93

Bad Credit Loan

Doesn’t it always seem that when times are toughest and you have bad credit and need a loan the most that you can’t get one? It’s always made me think about it – when you don’t need a loan you can usually get one, but when you need one you can’t. Although you may think there’s no hope of getting a loan if you have bad credit, it’s really not impossible. You can easily get a bad credit loan, but you must be willing to pay the fees associated with it.

Bad Credit Loan Information

When you apply for a loan and you have bad credit you should assume that you’ll need to pay extra fees and more interest than people with great credit. It’s really your choice, but sometimes you need the money at any cost. That’s why there are quite a few programs out there that offer anyone a loan. Most of the time it’s in amounts like $1000 or $1500, but considering you have bad credit that’s great.

Bad Credit Loan Help

I wish there was an easy button for this, but in the end it’s going to require you to really work hard at getting a loan. When you need a bad credit loan it’s then that you find out how challenging it is. Push forward and you’ll find that eventually you can get a bad credit loan!

]]> http://badcreditequityloan.com/blog/bad-credit-loan.html/feed 0 Getting a Bad Credit Equity Loan http://badcreditequityloan.com/blog/getting-a-bad-credit-equity-loan.html http://badcreditequityloan.com/blog/getting-a-bad-credit-equity-loan.html#comments Thu, 04 Nov 2010 01:37:49 +0000 Bad Credit Equity Loan http://badcreditequityloan.com/blog/?p=89 bad credit equity loanThere are many ways to get a bad credit equity loan, but you always need to agree to a reasonable interest rate for the equity loan. You should understand that your interest rate will be higher than that of someone that has good or great credit. There are many companies that allow you to search for and compare interest rates. These mortgage calculators show you real-time rates from a myriad of places.

Once you’ve found a great interest rate for a bad credit equity loan, you need to confirm that the rate also applies to other creditors for the same type of bad credit loan. You also need to pay attention to the terms of the loan to ensure that you don’t get the short end of the stick.

]]> http://badcreditequityloan.com/blog/getting-a-bad-credit-equity-loan.html/feed 0 Bad Credit Loan Help http://badcreditequityloan.com/blog/bad-credit-loan-help.html http://badcreditequityloan.com/blog/bad-credit-loan-help.html#comments Sat, 07 Aug 2010 19:35:50 +0000 Bad Credit Equity Loan http://badcreditequityloan.com/blog/?p=86 Bad credit loan helpHave you considered using the FHA? Well….FHA loans tend to have far easier qualifying guidelines than other lenders. There have been many changes recently in the mortgage industry and those changes have made it far more difficult to qualify for a conventional home loan than you could ever expect to see. It’s more of a challenge if you have bad credit…

On to the FHA – they increased their cap on mortgage loan limits, which allows people with marginal or bad credit to take advantage of the new (and more flexible) qualification requirements. Do you already have an FHA home loan? If so, you might be able to reduce your monthly loan payment using an FHA streamline refinance – an this does NOT require income verification ;)

]]> http://badcreditequityloan.com/blog/bad-credit-loan-help.html/feed 0 Bad Credit Loans http://badcreditequityloan.com/blog/bad-credit-loans.html http://badcreditequityloan.com/blog/bad-credit-loans.html#comments Fri, 26 Feb 2010 21:53:01 +0000 Bad Credit Equity Loan http://badcreditequityloan.com/blog/?p=83
It’s almost spring and it’s the perfect time to start shopping around for a loan even if you have bad credit. For most people their home is the best place to look for spare money – even if they have bad credit. During the spring most families look to do remodeling, yard work, or a variety of other things that require substantial money to complete. If you have bad credit, you really just need to look around a little bit longer. There are plenty of loan programs out there for people of all credit types and you’ll be pleasantly surprised how many lenders there are for people with less than perfect credit scores.

]]> http://badcreditequityloan.com/blog/bad-credit-loans.html/feed 0 How To Get A Bad Credit Equity Loan http://badcreditequityloan.com/blog/how-to-get-a-bad-credit-equity-loan.html http://badcreditequityloan.com/blog/how-to-get-a-bad-credit-equity-loan.html#comments Wed, 14 Jan 2009 16:42:16 +0000 Bad Credit Equity Loan http://badcreditequityloan.com/blog/?p=44 Someone with bad credit can work with a credit counselor or directly with lenders to find these types of loans. Bad credit lenders can be contacted without an outside source, but a person stands a better chance of finding affordable rates if they use a professional service or counselor. Counselors can even suggest a variety of ways to bring your credit score up a few points in a short amount of time to help get a better loan. If your credit is so bad that nobody wants to work with you, your only option might be a subprime lender. Subprime loans tend to have very high interest rates and it will most likely require a person to put their home up as collateral. Depending on your situation, you might be better off without a subprime loan due to the excessive requirements. There are many options – be sure you fully understand what you’re getting into.

]]> http://badcreditequityloan.com/blog/how-to-get-a-bad-credit-equity-loan.html/feed 0 It’s a new year – time to get that equity loan you need http://badcreditequityloan.com/blog/its-a-new-year-time-to-get-that-equity-loan-you-need.html http://badcreditequityloan.com/blog/its-a-new-year-time-to-get-that-equity-loan-you-need.html#comments Wed, 07 Jan 2009 15:27:41 +0000 Bad Credit Equity Loan http://badcreditequityloan.com/blog/?p=42 Rates are actually dropping due to economics and a new president is coming in, so now is the best time to find a GREAT equity loan. It’s time to get out there, fill out some applications, and make it happen!

Get the new year off to a great start and get your loan process started NOW….

]]> http://badcreditequityloan.com/blog/its-a-new-year-time-to-get-that-equity-loan-you-need.html/feed 0 Bad Credit Loans and Your Credit Score http://badcreditequityloan.com/blog/bad-credit-loans-and-your-credit-score.html http://badcreditequityloan.com/blog/bad-credit-loans-and-your-credit-score.html#comments Sat, 06 Dec 2008 05:25:33 +0000 Bad Credit Equity Loan http://badcreditequityloan.com/blog/?p=39 If you have a credit score below 640, many bad credit home equity loan programs won’t go over 80% loan to value. However, there are quite a few bad credit home loans available with credit scores as low as 580. Of course the mortgage rates might increase as your score decreases, but that depends on how much equity you have.

If you have any accounts in collection, mortgage lenders typically require them to be paid off before considering your application. Consumer credit counseling is usually not permitted within 2 to 5 years, and a prior bankruptcy is usually not allowed within the last 2 to 7 years. Your mortgage payments must be current and you can’t have late mortgage payments over 30 days within the last 12 months.

When you qualify for a home equity loan or second mortgage, most lenders use the middle of 3 credit scores from whoever makes the most money on the loan application. Sometimes you can exclude a spouse from an application to avoid a problem, but that’s a real challenge.

]]> http://badcreditequityloan.com/blog/bad-credit-loans-and-your-credit-score.html/feed 0 Feds unfreeze consumer debt http://badcreditequityloan.com/blog/feds-unfreeze-consumer-debt.html http://badcreditequityloan.com/blog/feds-unfreeze-consumer-debt.html#comments Tue, 25 Nov 2008 19:53:38 +0000 Bad Credit Equity Loan http://badcreditequityloan.com/blog/?p=37 This was posted on Yahoo News today and I wanted you to see it since it relates to the post yesterday. The government is helping and it’s time to start applying for an equity loan – even if you have bad credit.

WASHINGTON – The government has introduced a pair of new programs that will provide $800 billion to help unfreeze the market for consumer debt which Treasury Secretary Henry Paulson calls vital to supporting the economy.

Paulson says key markets for consumer debt such as credit cards, auto loans and student loans essentially came to a halt in October. He says the new programs are aimed to get lending back to more normal levels.

Paulson says all the government programs have been aimed at supporting the lending that is vital to the economy.

http://news.yahoo.com/s/ap/credit_crunch;_ylt=AtdMkLblrh1f..wfI1kbPjHXn414

]]> http://badcreditequityloan.com/blog/feds-unfreeze-consumer-debt.html/feed 0 Obama and the mortgage industry http://badcreditequityloan.com/blog/obama-and-the-mortgage-industry.html http://badcreditequityloan.com/blog/obama-and-the-mortgage-industry.html#comments Mon, 24 Nov 2008 22:53:26 +0000 Bad Credit Equity Loan http://badcreditequityloan.com/blog/?p=35 I’ve wondered what effect Obama will have on the mortgage and lending industry ever since he was elected. I feel that he’ll have a positive impact on it and will help get the economy moving in a slow but steady pace.

There’s always change in the mortgage and lending industry after an election and this year won’t be any different. His changes will most likely make it easier to obtain an equity loan even in today’s current state. Pay attention to the news and the moment you hear anything about mortgage relief or credit assistance – start applying for a loan.

]]> http://badcreditequityloan.com/blog/obama-and-the-mortgage-industry.html/feed 0 Getting an equity loan with bad credit http://badcreditequityloan.com/blog/getting-an-equity-loan-with-bad-credit.html http://badcreditequityloan.com/blog/getting-an-equity-loan-with-bad-credit.html#comments Mon, 24 Nov 2008 22:46:03 +0000 Bad Credit Equity Loan http://badcreditequityloan.com/blog/?p=32 It seems that when times are tough and you really need a loan that few lenders are willing to even discuss a loan if you have bad credit. I’m here to tell you otherwise – you might have to look a little further and try different lenders, but there are ALWAYS companies willing to work with you.

The bottom line is this – all equity loans are secured against your house, but it’s your credit rating that determines how easy it is to get an equity loan. As soon as you get an equity loan – make sure you make payments promptly and on time. This will help your credit rating and also potentially get you a better rate with the company that gave you a loan.

]]> http://badcreditequityloan.com/blog/getting-an-equity-loan-with-bad-credit.html/feed 0