Posted on: 23rd Nov, 2013 06:12 am
I have a $170.000 home that has NO mortgage (we inherited the home and paid off small mortgage). My credit score is about 475 and my husbands is 425. We have had alot of medical expenses we couldnt get covered all at once and in general made stupid choices that got us into bad credit. We need to do some home repairs, i need some medical procedures done, and we need to pay off debt so that we can get our credit fixed and be able to breathe without the mountain of debt over us. Is there ANY place we can get a home equity loan with our horrific credit? BTW we live in Missouri.
Hi lynch,
With the credit scores that you have, you will not be able to get qualified for a home equity loan or any other kind of loan. You will have to improve your credit scores and then apply for a loan.
With the credit scores that you have, you will not be able to get qualified for a home equity loan or any other kind of loan. You will have to improve your credit scores and then apply for a loan.
Are you employed and making regular deposits into your bank account?
luciecelliott I am on disability and my husband does work full time and has his pay direct deposited yes.
Hi lynch!
Welcome to the forums!
Even if you are on disability, with such credit scores, no one will give you a loan. You can check out the given page in order to know some steps to improve your credit score: http://www.mortgagefit.com/credit-rating/credit-repair.html .
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
Even if you are on disability, with such credit scores, no one will give you a loan. You can check out the given page in order to know some steps to improve your credit score: http://www.mortgagefit.com/credit-rating/credit-repair.html .
Feel free to ask if you've further queries.
Sussane