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Archive for the ‘Home Equity Loan’ Category

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Home Equity

If you are a homeowner who needs money to pay bills or for home repairs, you may think a home equity loan is the answer. But not all loans and lenders are the same you should shop around. The cost of doing business with high cost lenders can be excessive and, sometimes, downright abusive.

If you’re having money problems, consider these options.

1. Talk with your creditors or with Representatives of non-profit or other reputable credit or budget counseling organizations to work out a plan that reduces your bill payments to a more manageable level.

2. Contact your local social service agency, community or religious groups, and local or state housing agencies. They may have programs that help consumers, including the elderly and those with disabilities, with energy bills, home repairs, or other emergency needs. Read the rest of this entry »