Home equity loans for bad credit

If the home equity loan for bad credit lender cannot give a lower rate unless the score improves, quick methods for raising a score are needed. The fastest and most effective way to raise a score quickly to qualify for low interest home equity loans for bad credit is to calculate the card balance to limit ratio. If this ratio is above 20%, the borrower can pay down the balances, thus raising the score up to 30 points in as little as 30 days. If the borrower doesn't have the funds to pay down the balance, they should consider asking friends and family for assistance. This will enable the borrower to receive a low interest rate home equity loan for bad credit with which to first pay off the family member or friend, and enable the borrower to utilize their home equity loans for bad credit funds however they choose.