Getting a Bad Credit Home Equity Loan Glens Falls NY

While getting a home equity loan in Glens Falls 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

Bank of America - Queensbury
800.432.1000
183 Quaker Rd
Queensbury, NY
Saratoga National Bank & Trust CO
(518)583-6504
91 West Avenue
SARATOGA SPRINGS, NY
MEM Financial Solutions
(518)615-0990
150 Warren Street
GLENS FALLS, NY
All Points Home Services
(518)581-9558
398 Broadway
SARATOGA SPRINGS, NY
Century Health Capital Inc
(518) 583-1667
358 Broadway Ste 401
Saratoga Springs, NY
TD Bank
518-692-2231
146 Main Street
Greenwich, NY
Vivid Images
(518)580-1752
42 York Av
SARATOGA SPRINGS, NY
Provantage Funding
(518)884-4033
2254 Route 50 South
SARATOGA SPRINGS, NY
Alumni Funding LLC
(518)688-1010
75 Railroad Place
SARATOGA SPRINGS, NY
Adirondack Mortgage Service
(518)798-0076
14 West Notre Dame Street
GLENS FALLS, NY

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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.


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

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