Bad Credit Home Equity ...I do own a home, have a job, have great credit and just treated myself plus 4 family members to a cruise. So, I'm going to take a hit on my FICO so I can get a CD-secured loan that's supposed to boost my FICO? These can include settlement costs, discount points, and other fees. There may also be a penalty charged for paying off your original loan early, although some states prohibit this.
