Credit Scores

Home repair loans are also available for those with credit scores that are under the bank's threshold of comfort. Lending companies that are funded by high risk investors are also a good source of borrowed money, but the interest rates and points charges will be much higher. The loan companies typically found at strip malls are often national in scope, but also sometimes privately owned. These companies are regulated by the federal government and operate within the legal guidelines of the law and will often over look sullied credit scores and higher debt to income ratios. In this particular arena, a willingness to pay perhaps twice the bank interest rate may land a borrower the money needed for the home repair needed.