 TITLE: Do I Need Good Credit for a Home Equity Loan? CONTENT: What Your Credit History Says About You\n---------------------------------------\nWhile your credit score is a key measure for determining your creditworthiness, lenders also like to check your credit report to see if there are any red flags.\nFor example, it's possible to have a decent credit score but have bankruptcy on your credit report from a few years ago. In this situation, the bankruptcy could hurt your chances of getting approved.\nMore important, lenders will want to see how you've handled past mortgage loans. If you have a short sale or foreclosure on your report, it could be a deal breaker.\nAgain, check your credit report to make sure there aren't any errors or fraudulent accounts. If you've filed bankruptcy in the last few years or have a short sale or foreclosure, you may still have a chance of getting a home equity loan. It just means you'll need to do more legwork to find lenders that are willing to work with you. END