I need $15 to $20 grand fast. I have lots of home equity but poor credit. What should I do? Nothing illegal.?
476390
take a loan on the equity of your property.  it will be like a new mortgage
810388
Yes.  If you have instant equity, meaning that you bought a house priced under the value, you can use that equity immediately.  You can take out a line of credit or a second mortgage.  Don't worry because as soon as you move in the offers for loans and credit will come rollin in faster than you read them.
1138044
Regulated lenders require at least a 500 credit score.  Below that, you have to go to a so-called "hard money" lender.  Depending upon your situation, however, it may be better to consider selling.  Rates are higher now than they have been, and if your credit score has decreased, as seems likely if you're close to foreclosure, you're unlikely to get a rate as good as you had.  One way or the other, you've got to be able to make that payment, and if you can't, refinancing into a negative amortization loan or something like that isn't going to really help, only give you time to dig yourself deeper.\n\nA corollary question to this is how much equity do I need?  The lower your credit score, the more equity you need for the bank to consider it an acceptable loan.  The higher your equity, the more options you have.
759370
there's an online people to people lending community that is getting very good reviews---http://www.prosper.com You can lend as much as $25,000 only. Its not close to the $40K you wanted but I hope I helped you in a way. Good luck.
54604
Your credit score isn't all that bad considering the national averages.\n\nHowever, you have some other options besides outright purchasing a home for sale:\n\n1. Lease Option or Rent-to-Own: Look for these advertised in the classifieds, that allow you to rent a house for a certain term (like 1 to 3 years), where some or all of your rent goes toward the purchase price. Then, when you're ready (you should repair your credit during this time), you can purchase the house. Part of your down payment will already have been paid.\n\n2. Talk to the Fair Housing Administration (FHA - http://www.fha.gov) about HUD loans for low-income and not-so-good-credit individuals.\n\n3. Look into purchasing a foreclosed home at an auction.\n\n4. Ask a close friend or family member with good credit to co-sign your mortgage.\n\n5. See if anyone is advertising "seller financing" or "owner financing", in which the seller will allow you to make mortgage payments directly to them.\n\n-----------------\nUpdate: DO NOT apply for an interest-only loan. You will be severely hit with a balloon payment down the line, or higher payments, or at the very least you'll have to refinance and pay additional closing costs. Interest rates are rising, and you won't want to do that. Stay away from these!
439709
I don't know exactly how quick is quick to you but here is some tips~~\n\n-Get your credit reports from all three credit reporting agencies(Equifax, Experian, Transunion) You are allowed to get them free once a year from each. Other than that you will need to spend about 30-40 dollars buying them from a secure site. You will need a credit or debit card, just like any other online purchase.\n-Pay off as much of your loans/credit cards as possible. The lower your balance, the better.\n-Do not cancel too many cards all at once. Just keep them paid off. (Or as low as possible)\n-Do not apply for too mcuh credit at one time. Once in awhile doesnt hurt, but too much at one time makes you look like a risk\n-Try to get some kind of secured debt Like a car loan.\n-FYI--- Pulling your own credit does not effect your score in anyway.\n\nDoing this should help, but it may take a couple of months to see a difference.
78054
Pay your debts on time.  Obtain a secured credit card (deposit $250 bucks into a Citibank account and get a credit card with a $250 limit that grows as you pay off your bill over time and maintain a good credit rating).  Obtain a cell phone or any other solution that reports to a credit bureau (not too many just five or so).  Always, always, always pay your bills on time.  \n\nIt really comes down to living within your means, not strapping yourself with too much debt again.  Buy a Hyundai not an Escalade if you make $25,000 per year.  Save your money at least 10% of your earnings per month.  If you want to buy a home, plan to buy it, save every penny you can speak to a mortgage broker like me to understand what you may be able to afford once your fico is in check again.  You may be able to afford a home now and not know it.\n\nYou can send me an email if you have questions simply click on my screen name for my address if needed.
1034769
You make 2000 a week.  Your mortgage is only about 1400.00 a month.  You should have tons of money unless you are living beyond your means, and aren't we all?  Keep the stock if doing well, if you sell you'll get killed with the capital gains, especially in your income group.  OR, sell the loosers or a portion of thes stock and put it into other vehicles.  Pay a couple extra dollars every month on the mortgage and it'll be paid off quicker.  Start saving something, even if only $1000 a month.  Try living a little simpler, and getting rid of some of those toys.  Yes, you can live without that big boat, some of us only have canoes, and you don't need the luxury sedan, they have all the same toys in cheaper cars.
295967
Another simple way to address this is to get a normal mortgage (fixed/30yr) and make certain that there are NO PREPAYMENT PENALTIES.\n As long as you make the monthly payments, you can pay it off at your speed.
20658
If you can't get funds from a bank, you might consider going into a partnership with a real estate investor. Have the redeem the loan for a certain percentage of the equity in the house. Agree to either sell or refinance the house within a specified number of years. \n\nYou will be giving up a chunck . . . however, you will not lose your home, you will NOT have a foreclosure on your credit report which will cost you in high or denied interest rates for many years, and within a couple years, if you keep your credit in spotless shape, you should be able to refinance and get back on track.
1131100
As a former financial counselor I was suprised by the answers you are getting in regards to your question. $20,000 in high interest credit card debt is quite a burden, but the advice of taking out a line of equity against your house is the last thing you would want to do. Right now your credit cards are unsecured loans. In other words you don't have any property attached to the loans. If you default on your credit cards, they begin collection processes by selling the accounts to various collection agencies, in the hopes of trying to recover at least some of the debt. By getting a line of equity against your house, *POOF* you just got a nice big secured loan against your house. A secured loan means that now if you default they can attach a lien to your property or even worse foreclose on your property if the loan is large enough. This is the last thing you want to do.\n\nMortgages are usually the part of the monthly bills that takes the biggest chunk, so you are definitely ahead of the game by having your home fully paid for. You get a thumbs up for that! So that should free up a large portion of your income to go towards other bills beyond necessities. I would recommend calling a credit counselor at a non-profit credit counseling company in order to improve your situation. In fact a year or so back, when you heard all that news about the changing rules of Bankruptcy filings, one of the big changes was that individuals were to try to appease their debts through debt consolidation counseling before they were allowed to file, so even if you do file for bankruptcy, you may have to get financial counseling anyways! I also have a confession to make....I am currently on the program myself, and it has helped me tremendously. Here's the basics on how these programs work:\n1) You have lots of high interest debt. Perhaps you fell behind on some credit cards or private loans, and the late fees and high interest rates are making it very difficult for you to make any progress. With my case, I was always on time, but I wanted to make a change in my life and rid myself of my high interest debt.\n2) you call a credit couneling company. I can't speak for all companies, but at the one I worked for we were trained to counsel the clients. To show care and compassion because they were in some difficult situations. This is sometimes all someone needs. Someone to just listen to, but if the counselor finds that a debt consolidation WILL help, then they will walk you step by step through the program.\n3) Okay so you qualify now what? You enroll your high interest debt into the program and the company will begin contacting your creditors to negotiate lower interest rates on most of your accounts. This is a tremendous help because interest consumes most of your monthly payment anyways. Another important thing that you have to remember is that the creditors also CLOSE your accounts. This is to further help you along in paying off your debts.\n4) You stay in contact with your consolidation company and creditors. But you only make ONE payment to the consolidation company, who in turn forward it to your creditors. \n5) Sit back and watch your debt slowly disappear!\n\nIn my opinion, bankruptcy IS a last resort. Depending on the type of bankruptcy you may be forced into a restructured repayment plan regardless. My advice is to just call a counselor and see what they can do to help. \n\nSo if you are interested in the company I worked for, it is http://www.incharge.org . If you are interested in the company I have an account with, it is http://www.careonecredit.org/ . Both of these companies are registered with the BBB and have outstanding reputations. The good part is they are also non-profit. They do ask for a monthly donation with your payment, which goes to paying for the counselor's salaries, but you can always decline it if you are really in a bind. I pay it greatfully because they have helped me so much. Anyways, good luck with your rese
984173
Sounds like a prepaid credit card may be the way for you to go... \n\nHere is a link to one that says "No credit or bad credit OK, NO credit check required, No employment required"\n\nhttp://www.fastcreditcardoffer.com/credit-card-search/credit-rating/bad-credit-no-credit/default.aspx\n\nGood luck.\n\n.
1006724
You will not get the credit you think you deserve because you must first establish credit. I know a kid whose only bill was a cell phone. Guess what? He went delinquent on it. He has just put the first stain on his credit.\n\nThe only way to prove yourself is to accept the high interest rates now. Pay them on time all the time. Maintain your employment for as long as you can. If you change you job within the last year it will affect your interest rate and may even affect whether or not you are approved for credit. Keep in mind that creditors are looking to see what they can work with.\n1. How much do you earn? In most case it must be over $12,000 USD.\n2. How long you've worked at your present job? Should be better than a year.\n3. How old your are? Over 24 is a better chance to get credit and lower interest rates\n4. Do you own or pay rent? "Live with parents" doesn't impress a creditor.\n\nIf all the above are good answers then work on getting a secured credit card. There will be a lot of fees associated with a secured card such as application fee, annual fee, processing fee and late payment will be $25 and up, and your interest rate may be around 18 - 25%. Do this for a over a year. Make sure you actually use the credit card but dont ever max it.\n\nProvidian Bank may give you credit without money into a savings account but there interest rates will be up there. They start of low but every 6 month they increase as long as you've made timely payments.\n\nAlso get a loan. Have a family member cosign it. Your credit as well as their credit is affected. So as long as you make timely payment its a win win situation. You can't be denied an auto loan. Having and paying these loans and credit cards increase your credit score. Once you have these under your belt and your on the better side of items 1-4 stated above, you should be home free.\n\nGood Luck
468019
Your options depend on what you need the money for and the condition of your credit.  If you need money money for a loan with collateral, such as a car loan, you will pay higher rates and need a bigger downpayment.  \n\nIf you credit is pretty bad and you are trying to get a personal loan, you will have trouble finding anything approaching a decent interest rate.\n\nIf your credit is okay, but not great you might try www.prosper.com for person to person lending.
150905
My best advice would be to start by opening a new credit line.  Paying your bills on time and saving as much as you can.  Credit can be a bummer when it comes to buying a home.  Good luck!
732061
When you find that dream home, allow our program to help you pay it off quickly.  Go to savingthousandsininterest.com\n\nGlad to be of help!
60080
If you have the cash and available credit, buy one home with the cash and put your availble credit towards a rental property, which will eventually pay for itself. Just a thought. :)