Need help with a loan for poor/fair credit!

Asked by maryann0830, Dunmore, PA Tue Jun 5, 2012

I am looking to get a home equity loan to pay off credit card bills to avoid bankruptcy. We have NO mortgage. Our home is probably worth about $100,000. We would need a loan of about $35,000. My credit is obviously terrible and my husband's is fair...six-something credit score. We were turned down by LendingTree. Is there anyone or any where we can turn for help. We really can afford one payment and we have full equity in the home!

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Jim Simms, Mortgage Broker Or Lender, Louisville, KY
Wed Jun 6, 2012
A finance company may be the best option. Good luck,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
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Lynn Ydoyaga, Agent, gouldsboro, PA
Wed Jun 6, 2012
You may want to try a local bank. If that does not work there may be lenders that may do it for a higher interest rate. Keep me posted. If you can't get anyone I may have someone that can steer you in the right direction.
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