Reply
Member
classyme73
Posts: 6
Registered: ‎05-28-2008
0

Line of Credit with low credit scores

Hi everyone, I'm rather new to this forum.  My question is, does anyone know a lender that would open a line of credit to someone with credit scores under 600 and also have filed a BK7?  I filed BK7 in December last year and was discharged in March 2012.  Since then, I've opened up a cc/w capitol one,(unsecured) and a secured cc/w applied bank.  My credit scores are: TU, 598, EX 568, EQ 579.  I own my home clear and free and is willing to secure the loan with it. 

 

Do anyone think this is possible and if so, what financial institution would be willing to do this?

 

 

 

 

 

Thank you for your help

Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
0

Re: Line of Credit with low credit scores

There might be some lenders out there open to offering a HELOC using your home as colladeral. Check with your local bank or CU.

Member
classyme73
Posts: 6
Registered: ‎05-28-2008
0

Re: Line of Credit with low credit scores

Thank you


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+