topic Re: Refinance Advice in Auto Loans https://ficoforums.myfico.com/t5/Auto-Loans/Refinance-Advice/m-p/1909555#M28580 <P><SPAN>Thanks for the advice. I paid some accounts off a month ago and checked my scores today and they went up anywhere between 20-35 points!</SPAN></P> Tue, 26 Feb 2013 22:38:06 GMT Anonymous 2013-02-26T22:38:06Z Refinance Advice https://ficoforums.myfico.com/t5/Auto-Loans/Refinance-Advice/m-p/1875567#M28227 <P><SPAN>I</SPAN> <SPAN>recently</SPAN> <SPAN>bought</SPAN> <SPAN>a</SPAN> <SPAN>car</SPAN> <SPAN>and</SPAN> <SPAN>owe</SPAN> <SPAN>about</SPAN>&nbsp;15 thousand&nbsp;<SPAN>on</SPAN> <SPAN>the</SPAN> <SPAN>loan</SPAN> <SPAN>with</SPAN> <SPAN>19</SPAN>% <SPAN>rate</SPAN>. <SPAN>My</SPAN> <SPAN>scores</SPAN> <SPAN>are</SPAN> <SPAN>around</SPAN> <SPAN>550</SPAN>-<SPAN>600</SPAN>. <SPAN>I</SPAN> <SPAN>pay</SPAN> <SPAN>everything</SPAN> <SPAN>on</SPAN> <SPAN>time</SPAN> <SPAN>and</SPAN> <SPAN>have</SPAN> <SPAN>5</SPAN> <SPAN>open</SPAN> <SPAN>credit</SPAN> <SPAN>cards</SPAN> <SPAN>and</SPAN> <SPAN>just</SPAN> <SPAN>paid</SPAN> <SPAN>the</SPAN> <SPAN>balances</SPAN> <SPAN>below</SPAN> <SPAN>50</SPAN>% <SPAN>on</SPAN> <SPAN>all</SPAN> <SPAN>of</SPAN> <SPAN>them</SPAN>. <SPAN>I</SPAN> <SPAN>am</SPAN> <SPAN>working</SPAN> <SPAN>now</SPAN> <SPAN>on</SPAN> <SPAN>settling</SPAN> <SPAN>some</SPAN> <SPAN>collection</SPAN> <SPAN>accounts</SPAN> <SPAN>and</SPAN> <SPAN>so</SPAN> <SPAN>far</SPAN> <SPAN>have</SPAN> <SPAN>settled</SPAN> <SPAN>4</SPAN> <SPAN>off</SPAN> <SPAN>with</SPAN> <SPAN>3</SPAN> <SPAN>of</SPAN> <SPAN>them</SPAN> <SPAN>agreeing</SPAN> <SPAN>to</SPAN> <SPAN>have</SPAN> <SPAN>the</SPAN> <SPAN>items</SPAN> <SPAN>deleted</SPAN> <SPAN>from</SPAN> <SPAN>my</SPAN> <SPAN>report</SPAN>. <SPAN>Will</SPAN> <SPAN>this</SPAN> <SPAN>make</SPAN> <SPAN>my</SPAN> <SPAN>score</SPAN> <SPAN>higher</SPAN>? <SPAN>I</SPAN> <SPAN>am</SPAN> <SPAN>wanting</SPAN> <SPAN>to</SPAN> <SPAN>refinance</SPAN> <SPAN>my</SPAN> <SPAN>vehicle</SPAN> <SPAN>in</SPAN> <SPAN>6</SPAN> <SPAN>months</SPAN>-<SPAN>1</SPAN> <SPAN>year</SPAN> <SPAN>but</SPAN> <SPAN>dont</SPAN> <SPAN>know</SPAN> <SPAN>who</SPAN> <SPAN>I</SPAN> <SPAN>should</SPAN> <SPAN>try</SPAN> <SPAN>with</SPAN> <SPAN>or</SPAN> <SPAN>when</SPAN> <SPAN>I</SPAN> <SPAN>should</SPAN> <SPAN>try</SPAN>??</P><P>&nbsp;</P><P><SPAN>Any</SPAN> <SPAN>advice</SPAN> <SPAN>would</SPAN> <SPAN>be</SPAN> <SPAN>greatly</SPAN> <SPAN>appreciated</SPAN>. <SPAN>Thanks</SPAN>!</P> Wed, 13 Feb 2013 22:09:04 GMT https://ficoforums.myfico.com/t5/Auto-Loans/Refinance-Advice/m-p/1875567#M28227 Anonymous 2013-02-13T22:09:04Z Re: Refinance Advice https://ficoforums.myfico.com/t5/Auto-Loans/Refinance-Advice/m-p/1876331#M28230 <BLOCKQUOTE><HR />@Anonymous wrote:<BR /><P><SPAN>I</SPAN> <SPAN>recently</SPAN> <SPAN>bought</SPAN> <SPAN>a</SPAN> <SPAN>car</SPAN> <SPAN>and</SPAN> <SPAN>owe</SPAN> <SPAN>about</SPAN>&nbsp;15 thousand&nbsp;<SPAN>on</SPAN> <SPAN>the</SPAN> <SPAN>loan</SPAN> <SPAN>with</SPAN> <SPAN>19</SPAN>% <SPAN>rate</SPAN>. <SPAN>My</SPAN> <SPAN>scores</SPAN> <SPAN>are</SPAN> <SPAN>around</SPAN> <SPAN>550</SPAN>-<SPAN>600</SPAN>. <SPAN>I</SPAN> <SPAN>pay</SPAN> <SPAN>everything</SPAN> <SPAN>on</SPAN> <SPAN>time</SPAN> <SPAN>and</SPAN> <SPAN>have</SPAN> <SPAN>5</SPAN> <SPAN>open</SPAN> <SPAN>credit</SPAN> <SPAN>cards</SPAN> <SPAN>and</SPAN> <SPAN>just</SPAN> <SPAN>paid</SPAN> <SPAN>the</SPAN> <SPAN>balances</SPAN> <SPAN>below</SPAN> <SPAN>50</SPAN>% <SPAN>on</SPAN> <SPAN>all</SPAN> <SPAN>of</SPAN> <SPAN>them</SPAN>. <SPAN>I</SPAN> <SPAN>am</SPAN> <SPAN>working</SPAN> <SPAN>now</SPAN> <SPAN>on</SPAN> <SPAN>settling</SPAN> <SPAN>some</SPAN> <SPAN>collection</SPAN> <SPAN>accounts</SPAN> <SPAN>and</SPAN> <SPAN>so</SPAN> <SPAN>far</SPAN> <SPAN>have</SPAN> <SPAN>settled</SPAN> <SPAN>4</SPAN> <SPAN>off</SPAN> <SPAN>with</SPAN> <SPAN>3</SPAN> <SPAN>of</SPAN> <SPAN>them</SPAN> <SPAN>agreeing</SPAN> <SPAN>to</SPAN> <SPAN>have</SPAN> <SPAN>the</SPAN> <SPAN>items</SPAN> <SPAN>deleted</SPAN> <SPAN>from</SPAN> <SPAN>my</SPAN> <SPAN>report</SPAN>. <SPAN>Will</SPAN> <SPAN>this</SPAN> <SPAN>make</SPAN> <SPAN>my</SPAN> <SPAN>score</SPAN> <SPAN>higher</SPAN>? <SPAN>I</SPAN> <SPAN>am</SPAN> <SPAN>wanting</SPAN> <SPAN>to</SPAN> <SPAN>refinance</SPAN> <SPAN>my</SPAN> <SPAN>vehicle</SPAN> <SPAN>in</SPAN> <SPAN>6</SPAN> <SPAN>months</SPAN>-<SPAN>1</SPAN> <SPAN>year</SPAN> <SPAN>but</SPAN> <SPAN>dont</SPAN> <SPAN>know</SPAN> <SPAN>who</SPAN> <SPAN>I</SPAN> <SPAN>should</SPAN> <SPAN>try</SPAN> <SPAN>with</SPAN> <SPAN>or</SPAN> <SPAN>when</SPAN> <SPAN>I</SPAN> <SPAN>should</SPAN> <SPAN>try</SPAN>??</P><P>&nbsp;</P><P><SPAN>Any</SPAN> <SPAN>advice</SPAN> <SPAN>would</SPAN> <SPAN>be</SPAN> <SPAN>greatly</SPAN> <SPAN>appreciated</SPAN>. <SPAN>Thanks</SPAN>!</P><HR /></BLOCKQUOTE><P>Collections are a major derogatory, so having them deleted from your report can have&nbsp;a nice effect on your score.&nbsp; However, when you have a lot of them, you don't see as much improvement because the remaining ones are still holding you down.&nbsp; It can also depend on whether it is the more recent ones that are getting deleted or the older ones.&nbsp; The most recent collections are hurting you the most, so you'll see less benefit from the older ones being deleted, and vice versa.&nbsp; Still, getting 3 collections deleted is great as you have to start somewhere.&nbsp;</P> Thu, 14 Feb 2013 03:52:00 GMT https://ficoforums.myfico.com/t5/Auto-Loans/Refinance-Advice/m-p/1876331#M28230 Walt_K 2013-02-14T03:52:00Z Re: Refinance Advice https://ficoforums.myfico.com/t5/Auto-Loans/Refinance-Advice/m-p/1909555#M28580 <P><SPAN>Thanks for the advice. I paid some accounts off a month ago and checked my scores today and they went up anywhere between 20-35 points!</SPAN></P> Tue, 26 Feb 2013 22:38:06 GMT https://ficoforums.myfico.com/t5/Auto-Loans/Refinance-Advice/m-p/1909555#M28580 Anonymous 2013-02-26T22:38:06Z