So,
I have this auto loan, which was opened in April 2012. It has an obnoxiously high interest rate which is what I am trying to reduce, ultimately. Since being a new NFCU member, I would like to apply for the refinance with them, of course.
Opinions?
My history with the last 3 car loans:
1 - Repo in 2010
2 - New auto loan in early 2011. Paid every payment on time, no lates, sold car outright and made some money.
3 - New auto loan in April 2012. Paid every payment on time, no lates.
I'm looking for advice here on what my chances are with getting an approval from NFCU before I apply with them.
thanks,
Starting Score: EQ 511 TU 552 EX 545 8/29/2012
After 6 months on your current loan, if it will lower your interest rate significantly I would try it. Could save you a lot of money.
Starting Score: 504
Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
You're welcome, and yes $200 a month is quite a bit, well, to me anyway. Good luck!
Starting Score: 504Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
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