Seriously speaking, $50000 is considered a large amount for many people. If you want to obtain an unsecured loan with this amount, it will be quite hard unless you have high monthly income. However, if you are currently a home owner and you need $50000 for emergency, you can consider getting yourself a home equity loan.Now, here comes another issue. What if the homeowner’s credit history is bad? Will he or she be able to obtain the loan easily? The answer is still positive. Here are some practical tips I would like to share with you.• In order to know whether you are qualified for $50000 loan, you need to find out whether you have enough equity in your home for you to draw upon. The equity can be calculated easily. It is actually the difference between the total value of your home and your current loan balance. Since you are asking for $50000, you need to make sure that your equity must be more than $50000. If you are not sure about the current value of your home, you are suggested to get an appraisal to evaluate your property. If your house is “too old”, it is not wise for you to refer to your previous sales and purchase agreement. Most probably the value of your asset has been increased.• Since your credit history is unsatisfied, it is indeed hard for you to obtain loan from regular banks or other financial institutions. In order to obtain the loan successfully, you are advised to refer to specialized mortgage lenders. These lenders offer financial assistance for people who have poor credit score. To be frank, most of these mortgage lenders are online lenders. Hence, you need to spend some time to search from the internet. In order to look for genuine lenders, it is a must for you to check with the Better Business Bureau for more details.• Generally, the interest rates for bad credit home equity loans are much higher if compared with regular loans. Since the loan amount you require is $50000, it is for sure that you need to bear high interest. In order to reduce your financial burden, you are reminded to negotiate with the mortgage lenders to reduce some interests. If you are a member of any credit union, you are advised to check with your union to find out whether there is any home equity loan available. If yes, it is much better for you to apply loan from credit union as the interest rate is lower.To sum up, for homeowners to obtain $50000 loan is not really hard even if their credit scores are bad. The most important thing the homeowners must bear in mind is the repayment of the loan. They must evaluate their financial position carefully before they apply for the loan. Any failure to repay the loan according to the agreement may result in foreclosure.