If you borrow money against the value in your property and you have some form of poor credit history that is still looming over your head them you will have taken out something known as a secured loan adverse credit. As most people who own their own homes already tend to have a mortgage debt that is still outstanding the adverse credit secured loan is effectively a secured homeowner loan except that you have a bad credit history.
In order to benefit from this type of loan you will still have to accept that the lenders see you as a poor credit risk and therefore will wish to be rewarded for taking on the risk of lending you money. As a result they will charge you a higher interest rate than you would receive if you were not a bad credit risk.
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