Accessing equity with bad credit

[Eric Edling]

I own my house for about 360k and it’s worth near 1 million. I have found my self in a terrible financial situation. My credit is around 500 and I am behind on my house payment. However, I have started a great new career but it is going to take around 45-60 days before I start getting paid. Is there anyway for me to get even a small amount of equity out of my home? Just a small 10,000 loan would give me some breathing room for the next month or two. 

It was like the perfect storm I lost my job and was in a car accident. It took my insurance company almost a year to fix this vehicle and it’s a 30000 dollar car that I owe like 3,000 dollars on but it’s about to get repossessed. I don’t have any credit card debt but I have several other bills that are like utilities that are getting past due and I am literally flat broke. My electricity, water, phone every is about to get shut off and my car repossessed. In 60 days I will have a good income but I’d rather not lose my car or be without electricity. I’d love to get access to even just a 5-10k in equity from my house I know my credit is terrible but there is 500k in equity and soon I will have a steady income.