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Will auto refinance affect AAoA?

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cwwatts1202
Established Contributor

Will auto refinance affect AAoA?

I'm assuming when you refianance an auto, the first/original loan gets closed/paid in full and the refinance/new loan reports as new and will affect the AAoA... is this correct?

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Shogun
Moderator Emeritus

Re: Will auto refinance affect AAoA?

That's what happened to me.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
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