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I changed my mind***help

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mariposa7678
Regular Contributor

I changed my mind***help

after thinking my best option, I got to a conclution, I will refinance my car *hopefully* I will get approve, my husband credit is not that good, should I refinance under my name by itself? or should we keep it together, he idendity was stolen so we are disputing a lot of stuf on his credit... I just look at my acct and still owe 27 months, I think I should refinance for 24 months? please help...

I make 50k a year

credit is on my signature

I have 2 Cap one, 1 with 3300 the other one 1300, I have 1 card paid off already and this one, both of then never late always on time....

2/23/15 -EQ 676 TU 627 EX 665 7/27/15 EQ 683 TU 683 EX 677 9/4/15 EQ 719 TU 690 EX 677 11/5/15 EQ 725 TU 693 EX 734**2/7/16 EQ 732 TU 696 EX 742
Message 1 of 22
21 REPLIES 21
Anonymous
Not applicable

Re: I changed my mind***help


@mariposa7678 wrote:

after thinking my best option, I got to a conclution, I will refinance my car *hopefully* I will get approve, my husband credit is not that good, should I refinance under my name by itself? or should we keep it together, he idendity was stolen so we are disputing a lot of stuf on his credit... I just look at my acct and still owe 27 months, I think I should refinance for 24 months? please help...

I make 50k a year

credit is on my signature

I have 2 Cap one, 1 with 3300 the other one 1300, I have 1 card paid off already and this one, both of then never late always on time....


EQ looks okay to go...What are your other obligations?

Message 2 of 22
SamsungHDTV
Established Contributor

Re: I changed my mind***help


@mariposa7678 wrote:

after thinking my best option, I got to a conclution, I will refinance my car *hopefully* I will get approve, my husband credit is not that good, should I refinance under my name by itself? or should we keep it together, he idendity was stolen so we are disputing a lot of stuf on his credit... I just look at my acct and still owe 27 months, I think I should refinance for 24 months? please help...

I make 50k a year

credit is on my signature

I have 2 Cap one, 1 with 3300 the other one 1300, I have 1 card paid off already and this one, both of then never late always on time....


Need way more details on your current loan and what main purpose to refinance is.

Message 3 of 22
mariposa7678
Regular Contributor

Re: I changed my mind***help

I need to lower my monthly payment, my apr is 16.8% and I've had the car for almost 4 years. still 27 more months to go

2/23/15 -EQ 676 TU 627 EX 665 7/27/15 EQ 683 TU 683 EX 677 9/4/15 EQ 719 TU 690 EX 677 11/5/15 EQ 725 TU 693 EX 734**2/7/16 EQ 732 TU 696 EX 742
Message 4 of 22
StartingOver10
Moderator Emerita

Re: I changed my mind***help

Have you tried a CU?

 

What is your current DTI? I ask this because you said you have everything in your name and not your husbands name too.

 

Pull your auto enhanced scores so you have an accurate idea of where you are now with your scores. I assume the scores you posted are the FICO 08 scores - or are they from some place else?

Message 5 of 22
SamsungHDTV
Established Contributor

Re: I changed my mind***help


@mariposa7678 wrote:

I need to lower my monthly payment, my apr is 16.8% and I've had the car for almost 4 years. still 27 more months to go


Whats the total loan amount and current payment?

Message 6 of 22
mariposa7678
Regular Contributor

Re: I changed my mind***help


@StartingOver10 wrote:

Have you tried a CU?

 

What is your current DTI? I ask this because you said you have everything in your name and not your husbands name too.

 

Pull your auto enhanced scores so you have an accurate idea of where you are now with your scores. I assume the scores you posted are the FICO 08 scores - or are they from some place else?


sorry, not everything, only the car is under our name,...I have no idea where to look for my DTI, I'll be back, let me check my auto score

 

sorry I edited this to post the score from auto 

EQ auto 8, 694 / auto 5, 706

EX auto 8, 683 / auto 2, 680

2/23/15 -EQ 676 TU 627 EX 665 7/27/15 EQ 683 TU 683 EX 677 9/4/15 EQ 719 TU 690 EX 677 11/5/15 EQ 725 TU 693 EX 734**2/7/16 EQ 732 TU 696 EX 742
Message 7 of 22
mariposa7678
Regular Contributor

Re: I changed my mind***help


@SamsungHDTV wrote:

@mariposa7678 wrote:

I need to lower my monthly payment, my apr is 16.8% and I've had the car for almost 4 years. still 27 more months to go


Whats the total loan amount and current payment?


$395 monthly and pay off $8840 ( I think) 

2/23/15 -EQ 676 TU 627 EX 665 7/27/15 EQ 683 TU 683 EX 677 9/4/15 EQ 719 TU 690 EX 677 11/5/15 EQ 725 TU 693 EX 734**2/7/16 EQ 732 TU 696 EX 742
Message 8 of 22
mariposa7678
Regular Contributor

Re: I changed my mind***help

my plan was to change this car for a bigger car, when I purchase this car (Ford Fiest) I only had my oldest son, now I have a toddler and 2 niece that I'm taken care off. That why I said I changed my mind

2/23/15 -EQ 676 TU 627 EX 665 7/27/15 EQ 683 TU 683 EX 677 9/4/15 EQ 719 TU 690 EX 677 11/5/15 EQ 725 TU 693 EX 734**2/7/16 EQ 732 TU 696 EX 742
Message 9 of 22
Ragelog
Established Contributor

Re: I changed my mind***help

Ok what is the 10 day payoff amount? What year, make model, mileage and options does the car have?

 

Your EQ score should get you much better rates on a refinance as long as what you owe on the vehicle doesn't result in much negative equity.

 

Also the change your mind does that mean you are no longer wanting to refinance and are just planning to trade it in? In that case I would suggest finance alone provide the above so i can help you with what your car is worth and provide the above details on the veichle you are looking at getting (price, model, mileage year etc) so I can tell you if you'd be a good candidate for DCU.

 

Thanks,

Sam

EQ04 675, EQ08 676, EX08 719, TU08 703 $12704.75/$123050 Revolving Credit (All 0% or 1.99%) - In Garden Since 5/25/2016

Last negative item should fall off in July 2017.
Message 10 of 22
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