I have loads of eqity in my property but have a BAD CREDIT RATING WHAT IS THE BEST WAY TO RAISE FINA

Go and talk to an IFA (Independent Financial Advisor). They will be able to advise you on the best course. We were in the situation recently and our found a cracking deal for us. not the best rate ever, but we didn%26#039;t expect it with adverse history. Make sure you choose one that gets its fees from the mortgage lender, not from you.

I have loads of eqity in my property but have a BAD CREDIT RATING WHAT IS THE BEST WAY TO RAISE FINANCE?

try to get a small loan

I have loads of eqity in my property but have a BAD CREDIT RATING WHAT IS THE BEST WAY TO RAISE FINANCE?

sell the property and pay off your debts.

I have loads of eqity in my property but have a BAD CREDIT RATING WHAT IS THE BEST WAY TO RAISE FINANCE?

Depends how bad your credit is. Some banks may give you a loan, but ask you for income documentations. Also, they may give you a higher rate. It is certainly to your advantage that you have a lot of equity available though, because the credit requirement becomes less tight.

Try getting your credit score first and then ask different lenders about their underwriting guidelines.

I have loads of eqity in my property but have a BAD CREDIT RATING WHAT IS THE BEST WAY TO RAISE FINANCE?

Is this an issue of having bad debts or just bad credit. If you have right-offs and such you need to clear these as soon as possible.

In the U.S. many states now allow a cash-out refi loan. This is on a secured investment such as property so you WILL qualify for the loan, but you may not like the interest rate. That%26#039;s ok because it WILL be much less than what most high interest loans are costing you.

After 12 months, in most states, you can refi again after your have straightened out your credit, paid off your debts and stayed out of trouble. Then you can refi back to a lower rate. This is what we did and now, not counting the home loan, we are debt free and staying that way! You wouldn%26#039;t believe how far cash will take you when you%26#039;re not giving it to the credit card companies.

Good Luck!!!

I have loads of eqity in my property but have a BAD CREDIT RATING WHAT IS THE BEST WAY TO RAISE FINANCE?

You can raise equity by a loan or remortgage.

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