Auto Refi Success!

[jetsfan2013]

I am happy to report that nearly 12 months after my most recent auto purchase (June 2013), I was able to go from 13.5% with Cap 1 (blank check program) to 3.79% with my local credit union. I had made 15 monthly payments on the original loan, and had built some equity. My scores were significantly better from June 2013 to present (EQ 598 to 673) and DTI was less than 20 percent.

Overall, a savings of almost $170.00 a month on the minimum payment was worth it to me!

[mechanicaljen]

That's a huge leap.  Congratulations!

I'm hoping to refinance during my app spree.  My interest rate is quite high..

[SamsungHDTV]

Awesome refi. Huge savings.

[jetsfan2013]

Thanks everyone. I honestly would not be able to be in the credit position I am without reading these forums. Even when I slipped(and went on app spress that I didnt need to) I read what I needed to do to recover.