Unfortunately, not everyone in the world today has perfect credit, and some people flat out just abuse their credit and don’t handle it well, especially in the younger generation. They don’t think about the fact that those charged-off credit cards and repossessions could possibly prevent them from getting a mortgage later in life, or if they already own their own home, could prevent them from getting an equity loan. Well, the good news is that if you fall into this category, you still may be able to qualify for that home equity loan that you need.
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