@Anonymous wrote:
In September of 2015 my chapter 7 bk was discharged so In November I purchased a new vehicle with Capital one as my lien holder and around 12% interest. My question is I would like to refinance the loan now however capital one will not refinance an existing loan of theirs. So I am looking to refinance through my credit union (Not Navy Fed) however they require me to wait a full year from discharge which is no problem since that is coming up. Has anyone else tried this before, I know Capital One is BK friendly but im scared that even with my perfect payment history on my car and credit cards that it will be a higher rate. Will I be able to say no to my credit union if this happens and continue my loan with Capital?
Nothing is final until you agree and sign off on the loan. So definitely if your CU cannot offer you a lower rate or better terms, you can simply say no thank you. You'll continue with your loan through Cap One until the loan is paid off, and that is either through you, or through another financial institute that paid your Cap One loan off because you refinanced with them.
