cancel
Showing results for 
Search instead for 
Did you mean: 

Crazy high score needed to refinance auto loan, is this true?

tag
Calicurli
New Contributor

Crazy high score needed to refinance auto loan, is this true?

Hi everyone -

I was talking to a loan officer (not applying, just asking questions) at my local Credit Union.

He told me not to even think of applying for refinancing my auto loan until I had a least a 680.

Now, I have applied in the past for refinancing and was turned down. But right now my scores are in the low 500s (EX) and 530s (TU and EQ).

For those of you who have successfully refinanced, do you find this was the case?

Message Edited by Calicurli on 05-23-2008 06:53 PM

Message Edited by Calicurli on 06-11-2008 03:32 PM
Message 1 of 2
1 REPLY 1
MattH
Senior Contributor

Re: Crazy high score to refinance, is this true?

http://articles.moneycentral.msn.com/Banking/YourCreditRating/WantedCreditRepairToBuyAHouse.aspx
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
If you dunno what tanstaafl means you must Google it
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.