7 Best Types of Loans for People With Bad Credit – If you need a home equity bad-credit loan, it’s possible to secure a tax-deductible line of credit at a reasonable interest rate and with no restrictions on how you spend your money. Keep in mind, there are limitations on claiming your line of credit as a tax deduction.
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Professional Guide to Home Equity Loans & Bad Credit – 6 Ways to Raise Credit Scores Before Applying for a Home Equity Loan or Credit Line . Applying for a home equity loan or a home equity line of credit (HELOC) is a smart move for home owners who want to get cash they need for a major purchase.