@Anonymous wrote:
I have a car loan with Crescent Bank & Trust...I just found out..my car loan interest rate is 22%...I have had my car since November 2006...I had to get some kind of reliable car..my score weren't even in the 500s'..I don't believe...I was 22 at the time...with a newborn 1 month old baby...the car is a 2006 Chevrolet Impala...when I bought it..it had 14,000 miles...purchase price was $13000.00...car payments are $359.26...
Should I be trying to get this car refinanced???...I'm planning on buying a house within the next six months...should I wait until after I get the house???...
Scores as of 5/3/08: 661, 618, 594
Yikes, is the lender owned by Tony Soprano!?!? Actually this far into your loan you won't get much benefit from refinancing because you have already paid most of the total interest you are going to pay. Instead, I suggest you try really really really hard to find ways of cutting spending then divide the extra dollars evenly between a savings account and paying down your debts. With a little self-discipline you can probably make a major dent in that loan over six months. Good luck. Take a look at http://www.daveramsey.com/ for some excellent advice on debt reduction, I don't agree with everything Dave says (not all debt is bad!) but he does have lots of sound advice.
TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
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