Is it possible to take a Home Equity Loan out when you have Bad Credit? Also you stand a much better chance of getting approved for a home equity loan—but you’ll put your home at risk if you have a bad credit score. When you’ve got a credit that is bad, your borrowing choices are pretty restricted. When you yourself have an urgent expense pop up—and you don’t have an emergency fund to pay for it—you’re perhaps perhaps not likely to be in a position to sign up for an individual loan from the bank and take a credit card out to cover the fee. The only loans you’ll qualify for are bad credit loans and no credit check loans […]