Combining all your bills into one payment is
an excellent way to rid yourself of high interest credit
card bills and late fees, and to lower your overall
monthly payments. If your are a homeowner with a good
amount of equity in your home you may still be able
to lower your monthly mortgage by refinancing. Just
expect to pay a slightly higher interest rate due to
your credit problems. To shop multiple ivestors for
this loan, fill out our FREE search form.
Consolidate Your Debts
If you don't have a lot of equity in your home but you
are looking to clean up late payments and pay off debts,
you can still get the cash you need with a 125% LTV.
This enables you to borrow up to 125% of your home's
value. The down side is that the interst rate will be
much higher than with other types of loans. To shop
multiple lenders for this loan, fill out our FREE search
New Home Loan
You may be surprised to find that you can qualify for
a new home loan. Expect to need a larger down payment
to compensate for your crdit problems - but it is possible.
To shop multiple lenders for this type of loan, fill
out our FREE search form.
Improve Your Credit Standing
There are lenders that can work with credit grades as
low as D. We suggest that you order your credit report
and then use the credit grade chart below to estimate
your own score. LoanWeb can help you improve your credit
standing. To shop multiple lenders, fill out our FREE
Credit Grade Guide
Many lenders will evaluate your credit standing or "grade"
based on something called a FICO score. FICO is a mathematical
model created by the Experian credit bureau as a tool
for lenders to use in evaluating the risk associated
with lending you money. Your score is calculated on
a series of questions about your credit history and
income, among others. Below you will find a credit chart
based on the FICO score model.*