From Yahoo Finance: 2025-06-16 11:06:00

Looking to get a home equity line of credit (HELOC) with bad credit? It’s possible, but may come with challenges. HELOCs let you borrow against your home equity like a credit card. Lenders typically want a credit score of 680 and a DTI ratio under 43%. Income stability, payment history, and equity in your home also play a role. If approved, HELOCs offer flexibility, lower interest rates than credit cards, and potential tax benefits. But, be wary of higher interest rates, foreclosure risk, and variable rates. Consider alternatives like home equity loans, cash-out refinance, personal loans, or credit counseling.



Read more at Yahoo Finance: How to get a HELOC when you have a bad credit score