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Refinancing auto loan

Regular Contributor

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%Smiley Very Happy
2 REPLIES
Super Contributor

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

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!