If you’re a homeowner and have a credit score with a few dings and scratches, you might think a home equity line of credit (HELOC) is out of reach. The truth? Maybe not. While less-than-stellar credit can make the process more difficult, closing on a bad credit HELOC might be simpler than you think. In this article: What is a HELOC, and how does it work? A HELOC is a second mortgage that lets you borrow against the equity you’ve built in your home. The easiest way to think about it is that it’s essentia ...