How Bad Credit Unlocks Hidden Home Equity Loan Secrets
How Bad Credit Affects Your Loan Options
Bad credit can complicate the borrowing process, but it doesn't necessarily close the door on home equity loans. Lenders assess risk based on credit scores, but many also consider factors like income, employment history, and the amount of equity available in your home. While a lower credit score might mean higher interest rates, it doesn't automatically disqualify you from obtaining a loan2.