Getting a Bad Credit Home Equity Loan Cortland NY

While getting a home equity loan in Cortland with bad credit is not always easy there are lenders that specialize in doing this type of loan. These bad credit lenders are more interested in your ability to pay back the loan then anything else. A bad credit score works against you but does not keep you from getting the loan you need.

Local Companies

Danny B. Wafer Agency
(607)753-0633
243 1/2 Port Watson St
Cortland, NY
Jeffrey T. Dubert Agency
(607)273-3097
609 W Clinton St
Ithaca, NY
M & T Bank - M & T Mortgage Corporation
(607)273-7111
118 North Tioga Street
ITHACA, NY
Fleet Private Clients Group
(800)266-3085
304 Elmira Road
ITHACA, NY
Cfcu Community Credit Union
(607) 257-8500
1030 Craft Rd
Ithaca, NY
HSBC Bank
1.800.975.HSBC (4722)
Main Street - Downtown 36 Main St
Cortland, NY
Alliance Bank Na Community Branch Locations Groton Avenue Office
(607)753-3391
1125 State Route 222
Cortland, NY
Alliance Bank NA - Community Branch Locations, Marathon Office
607-849-3275
Marathon, NY
Guardian Loan Company of Massapequa Incorporated
(607)277-6269
1001 West Seneca Street
ITHACA, NY
Cfcu Community Credit Union
(607)756-6959
Po Box 149
CORTLAND, NY

Provided By:

Getting a Bad Credit Home Equity Loan

Author: Andrew Bicknell

While getting a home equity loan with bad credit is not always easy there are lenders that specialize in doing this type of loan. These bad credit lenders are more interested in your ability to pay back the loan then anything else. A bad credit score works against you but does not keep you from getting the loan you need. By using the Fico Method a bad credit lender is able to evaluate your ability to pay back the loan.

You will need a fico score of 500 or higher before a lender will start the home equity loan process. If you do not meet this requirement it is best to talk with a bank loan officer who will evaluate your bad credit problem. The terms of a bad credit loan will depend on your credit history and the reasons you currently have a low fico score.

While your options may be less then those with a better credit score having bad credit does not mean that your will not be able to negotiate terms that will work for you. The lenders who specialize in bad credit home equity loans will work with you to give you the best loan terms they can depending on your circumstances. They are there to help and will give you good service.

Be sure to look at more then one lender as this will give you a better chance of finding the best deal. Signing up with the first lender your try is not a good idea. The first lender may have the best deal for you but you will never know if you don’t shop around. Also be careful hen it comes to the collateral you offer for the loan. Remember, if you default on the loan not only will you lose your house but anything else you have put up as collateral. Make sure to study all the offers made and choose the one that works best for you. Now is not the time to enter into another loan that could turn into a bad debt which will further diminish your credit score.

Finding and applying for a bad credit home equity loan is easier these days then in the past. By using the internet you can research all your options and even apply for loans right online. You may even find out the same day if you have been approved or not.

Getting a bad credit home equity loan is a good way to start building your credit score back up, but it pays to be careful. The internet is a great way to find out everything you need to start on the road to credit recovery.


About the Author:

To learn more about the getting a bad credit home equity loan please visit the website Home-Equity-Loans.

Article Source: http://www.articlesbase.com/mortgage-articles/getting-a-bad-credit-home-equity-loan-931546.html

Related Articles
- Bad Credit History Loans Cortland NY
Bad credit history may attach to your credit record due to arrears, defaults, bankruptcy, CCJs, IVA, etc. For such people the loan market has unfolded an unbelievable loan deals. The reason behind such initiative is the change in market trend that sees such bad credit holders with a friendly attitude. Here lenders come with special packages for bad credit holders in name of bad credit history loans.
- How To Choose Loans Cortland NY
- Home Improvement Loan Cortland NY
- Financing College Studies with Home Equity Cortland NY
- Debt Consolidation Loans Cortland NY
- Refinancing Home Mortgage Cortland NY
- Home Mortgages Cortland NY
- Unsecured Personal Loans Cortland NY
- Getting an Online Home Equity Loan Cortland NY