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If I Have A FICO Score Of 534, Can I Still Get A 100% Home Equity Loan To Consolidate My Debt?

I have too much debt and I want to use my home equity to get a loan. I need to lower my payments going out and better my credit with time. My low score is not helping matters. The only way I can get enough equity, is if a lender is willing to loan at 100%LTV. Otherwise, I don't have enough to cover my debt.

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3 Answers - Sort by: Date | Rating

    Yes you can get a secured debt consolidation loan by keeping your home as a collateral.  As the security is provided in a secured loan so creditors are at less risk and so you can get a low interest.

    1 0

    Thomas82  

    answered 2 years ago

      I think you will be able to obtain a bad credit loan to help with your debt consolidation.  This has helped me tremendously.  Good luck!
      0 0

      Rachael24  

      answered 2 years ago

        Chances are not in your favor dear.  i suggest you try fighting/clarifying your credit report by contesting some of the "old" things and the like.  you can do it!♥
        0 1

        Nascarnut  

        answered 2 years ago

         
         

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