» MORE: Compare personal loan rates on Nerd Wallet Pros: Back to top If you’re a homeowner, you can take out a loan or line of credit on the equity in your home.
You’re in deep with credit cards, student loan debt and car loans.
Most will give you a rate without a “hard inquiry” on your credit, unlike many banks and credit unions.
For online lenders, the lowest rates go to those with the best credit; rates top out at 36%.
That means you’ll need to pay more than the minimum payment due to reduce the principal and make a dent in your overall debt.
Since both types of loans are secured by your house, you could lose it if you don’t keep up with payments.