My current car loan is through Cap One, and I purchased in March 2012. At time, loan was for 17,000 at 12.6% for 60 mo(08 Toyota Camry).
I have continued to rebuild my credit since then, and at the 1 year mark, I was thinking of trying to refi. I attempted to in October, but local CU denied me due to the
unpaid federal tax lien(though I have an installment plan in place with IRS). Ironically that wasnt an issue with Cap One when this loan originated.
Any thoughts on possible options? I plan on keeping this car, but would like to lower interest and payment if possible
From what I understand, the CU made it an issue because it was unpaid. I showed them proof of the installment agreement the IRS has in place for me and asked for a recon with that payment amt but was still shut down. I was kinda bummed because I hate wasting inq on my credit, and though I love the current car I have, I dont wanna pay the rate I have forever.