Moderator Emeritus
Posts: 32,865
Registered: ‎08-04-2007
Re: Trying to refinance my auto loan but i'm having problems...

You'll just get more of the same rate with a subprime lender. Do you know your rate now?


If I had what you had, I would focus on repair and rebuilding credit over the next 5-6 months or so, get my FICO scores into the 600s, and then I would try to refi with a CU somewhere. And I know how frustrating it can be throwing away money. Before learning about credit I had two loans, one at 13.xx% and then two years later, like I didn't know any better, I agreed to pay 19.9% APR on a 72 months note for $606 and some change for a car worth tens of thousands less. At least I found this site before paying it off and paid it off a year early. Better late than never.