A home improvement loan is a personal loan secured by the value of an existing property for the purpose of improving it. It can be a second mortgage loan or an equity loan. The money from the loan is used to renovate or repair the project. The customer repays the loan with interest over a repayment period, usually 3 to 20 years. The home improvement loans I took out here https://maggieloans.com/personal-loans/home-improvement are designed to provide you with additional financing to cover the cost of repairs, renovations and additions to your home.

But if you take a consumer credit for such a purpose, you need to be careful, because now there are many companies that are trying to make money by deceiving their customers. It is better to be very careful in this and read all the papers that you sign. So you won't have to go to a debt consolidation company that will also try to scam you, such as debthunch, which flooded the market with debt consolidation at 0% interest rates and offers a personal loan by mail. Which is obviously a scam.