Hi guys and gals,
I joined My Fico today on the advice of a friend. I have been working very hard for the last two years to improve my credit. I need some advice on an auto refinance. My loan is at a rate of 13.1%. I took this out in December when I really needed a new car and my credit was still not great. This loan is with Capital One. My scores today are MYFICO TU 738 and EQ 714. My credit history is rather thin and I do have some negative aspects. 10 credit pulls on TU and 19 on EQ THe majority of the EQ were from the dealership (12) on EQ and (6) on TU.
My car is a 2010 Ford F150 Loan amount is 34k
I have 5 credit cards and have a 2% utilization rate. Applied Bank 200 Cap One 750 Chase 200 Shell 600 Texaco 400 and Orchard Bank 500. I have a late payment on chase from 11/2008 that was by accident.
My DTI is also very low.
Can I get a better rate? Should I look at joining Navy Federal or another CU? What other steps can I take to improve my credit and get some higher limits. I appreciate any and all advice
Starting Score: 714
I refinanced this to a 3.5% rate with a credit union. Thanks for the advice.
@barslayer wrote:I refinanced this to a 3.5% rate with a credit union. Thanks for the advice.
Congrats on the great rate 
FICO 9: 
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
I went to rate genius and they found Dallas teachers credi union that I had to join.