Can you refinance with bad credit?  YES you can!

You no longer have to have perfect credit to get the help you need.  With so many homes facing foreclosure, banks are doing what they can to help lower the number of people that lose their homes.

Get a copy of your credit report, this can be done online free of charge.  Make sure there are no errors on your credit report.  If there are any mistakes, report them to the lender to get them removed from your credit report.  If you have any bad debt or anything that has gone to collections, make sure it is really your debt and than make sure it is settled.  Many times collection agencies will not notify the credit reporting company that the debt is settled.

When you get to the lender, have all of your documentation with you and be prepared to answer a lot of questions.  If you are able to show you are trying to get out of debt and a sincere desire to get your finances back on track, you will look like a better risk to the bank.

The worst part to having bad credit is the interest rate you will qualify for.  Since interest rates are low right now, even a “high” interest rate in the current environment will be fairly low.
Even if you have bad credit, you have the right to good treatment and rates.  A less than honest lender seeks out people with poor credit and takes advantage of them.  If you have a poor credit history and want to refinance, find a reputable lender.

Do not let your bad credit stand in the way of refinancing and saving yourself a lot of money.