I own my home out right

I lost my job and the credit companies wouldn’t work together! I am hearing bad things about these credit “reduction” programs popping up, promising that for a fixed amount per month for say 36 months, they work a “deal” with hundreds of personal accounts with a company and pay average 50cents on a dollar. I don’t know if they real or another scam. I also tried consolidation, credit counseling and did what I could. I also heard my credit is lost for the next 7 years?

I just had a house built this year, I have been living there since April 7th 2009. My home has some equity already because I built this on my own property, it is appraised at 500,000, I took out a mortgage for 245,000. My question is, can I apply for a home euity line of credit or do I have to live there for a couple of years first?

My husband is going to do the credit consolidation/ credit counseling and he has a student loan that is in collections. Can he include that on the consolidation?

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Just wondering if there is anyone out there that has recently got approved for a home equity loan with a “bad” credit score. Or any good suggestions on where to try? Thanks and no stupid rude answers please.

i have owned my home with no mortgage for around two years now but have bad credit. is there anyplace that you would think approve me for a $20,000 home equity loan?