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Member
wrxlover2
Posts: 19
Registered: ‎04-23-2013

refinancing with capital one

so im going to try a different question since it looks like my previous one is gonna go unanswered lol which is no big deal.

does anyboyd have experience with that,have a friend im trying to do research for


and was considering telling him to try with capitalone one since they have always been good to me.he doesnt have the best of credit nor does his cosigner just looking for some people here who have had experience with them

Moderator
Revelate
Posts: 8,478
Registered: ‎12-30-2011

Re: refinancing with capital one

Out of curiosity why not try one of the CU's instead of either a one-off lender/broker (carfinance.com?) or Capital One?

 

A lot depends what is rate is but traditionally CU's are a lot more forgiving especially with secured loans which an auto loan qualifies as.

 

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Member
wrxlover2
Posts: 19
Registered: ‎04-23-2013

Re: refinancing with capital one

i believe part of the problem he has is his car is worth less then the loan amount.

Moderator
Revelate
Posts: 8,478
Registered: ‎12-30-2011

Re: refinancing with capital one


wrxlover2 wrote:

i believe part of the problem he has is his car is worth less then the loan amount.


Think many lenders will go up to 120 or 125% LTV when it comes to refinancing.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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