From a 10.9% to 5%

[diebadcredit6504]

Well I finally decided to bite the bullet and refinance my truck. I was paying close to 650.00 now I'm at 500.00 (rounding) a month on my truck pmts. Same length of time of my original term that due... Now bad with a person who has a 650 EQ score..

[Remember0]

Who did you refi with?

[diebadcredit6504]

Neighborhood Credit Union

[Remember0]

Nice! Congrats!

[RushXTC]

Congratz! Quick question, How many payments did you make at $650 and how many payments did you refinance for?

[diebadcredit6504]

6yr  which at the time I had bad credit which I know i still have but paid a little close to 2yrs and now I owe a little over 4yrs.

[RushXTC]

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@diebadcredit6504 wrote:

6yr  which at the time I had bad credit which I know i still have but paid a little close to 2yrs and now I owe a little over 4yrs.

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Oh okay, What I understood from the oringal post was that, I.E. you had 72 months, 2 years ago and have 72 months now. lol

So you refinanced for 48 months, and still got a lower payment? Nice! APR makes a huge difference. Congratz again!

[diebadcredit6504]

Yup - your correct bud. Sorry for misconfusion...