Personal financial hardship - HELOC vs Home Equity Loan?

[Joyce Kim]

I was recently laid off and have accumulated about $20,000 in credit card debt, primarily from paying last year's property taxes and covering a few months of living expenses. I own a house with approximately $400,000 in equity, and I'm considering tapping into this equity while I search for a new job. Until now, I had a great credit score, but I'm concerned that my increased debt might affect my ability to obtain a HELOC or a Home Equity Loan.

A lender approached me, claiming they could help me secure a HELOC, but the encounter felt coincidental, making me feel vulnerable. I've had negative experiences with a bad general contractor and a non-paying renter (leading to an eviction), so I'm being extra cautious in selecting the right lender this time.

Could anyone recommend a trustworthy lender in the Los Angeles area who can guide me through this difficult time? Also, which option would make sense for me: a HELOC or a Home Equity Loan?

I appreciate any input from fellow BPers. Thank you.