bad credit

My advice would seek a credit restoration company like Certified Credit Experts to show you how to raise your score. They don't charge any fees until the problem is fixed. Certified Credit Experts will look at your credit report, and tell you up front how much it will be in cost.

If you can delay the $50,000 the previous recommendation to improve your credit makes sense. Otherwise you'll likely find a offer for a FHA loan which will be pretty expensive for the money you want, otherwise probably a finance company is your only option unless you can find a family member or other private individual who can help you with temporary financing until you can qualify for a better loan.

You will not be able to get financing for a Home Equity Line of Credit with that low of a score. You will either need to do some credit correction or look at doing a cash out FHA loan. However, even if FHA may accept that score it will depend on your total credit picture. I would suggest speaking with a local loan officer and have them review your credit report with you to see if there are some ways to improve your current score. Best wishes, Sean

You need to work on improving credit first. It is extremely unlikely you will ever find someone to give you a loan with those scores.

Have you found someone to help with your credit issues? If not give me call when it is convenient for you. I own a credit repair company and would love to help the two of you. Thanks, Christina