Hello,

I am giving serious thought to refinancing my car loan.  Since getting the loan in December 2009 at an 18 percent rate, I have worked hard to fix credit.  I have had no new negatives, have added a couple of credit cards, and increased my income.  Right now I am paying $409.89 a month.  I am looking to get that lowered as well as reducing the amount of money I pay over the life of a loan.

My question is...how does this work?  I get letters every week from Capital One about refinancing a loan.  Are they are a reputable company?  Can I keep my car when doing this?  I am looking for some ways to go about doing this and any advice is appreciated.  Thanks!