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Regular Contributor
dekrist
Posts: 170
Registered: ‎03-04-2007

Refinancing auto loan

Will refinancing an auto loan affect score?. I just refinanced mine and wasn't thinking of what it would do to score, but i went from 17.5% to 11.6%:smileyvery-happy:
Super Contributor
MidnightVoice
Posts: 8,154
Registered: ‎03-25-2007

Re: Refinancing auto loan

Dunno, but it sounds like you will gain miore money than you will lose points!!!
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

Re: Refinancing auto loan

You might see a short term score drop as you are closing one account and opening another.. The more important thing here is that you are saving money!

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