11-06-2013 06:40 PM
Just wanted to share my early Christmas present with everyone! While I had to make 14 payments for a NEW CAR auto loan (Capital One) at sickening 24.99% APR today I was approved for a refinance with Consumers Credit Union in Illinois! While the APR is still 10.91% you can imagine how much money I'll be saving. Almost $100 off my monthly payment and over $6,000 in interest! There is a one-time $5 fee to join the union, but I only had to pay that AFTER approval. Plus, after 6 months of ontime payments I'm eligble for their VISA credit card and the underwriter said as long as I don't have anything else negative come on my report or greatly increase my utliziation I shouldn't have a problem get a $1,000 credit line!
Thank you myfico for all your help!
11-06-2013 06:43 PM
Congrats on the ReFi
11-06-2013 06:44 PM
Thank you, I know 10.91% is still high, but it's a far cry from 24.99%
11-07-2013 07:50 AM
Congrats...i just got my loan with Capital One and it 17.26% so i know i plan on refinance in about 6-12 months
12-04-2013 05:31 PM
12-05-2013 12:20 PM
My loan was a little over $15K. At the time my scores were were around 520's in November 2012 and I recently tried various places to refi and my scores are still less than 580, but I just found out one of my student loans that was paid off in May 2012 is currently reporting 120 days late! So this is probably where all my problems are.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.