Yesterday I was able to refinance my car loan that I hade previously got from Chase auto at an interest of 6.5 from a rate of 20.99. After making 11 payments on time I tried to refinance with Chase auto and I was declined. My credit has been improving and with TU I had 635 and 662 with EQ. When I got my car loan my credit was less than 600.
Healthcare Associates Credit Union (HACU) (website : hacu.org) refinanced my loan at a 6.5% rate!!!!
Needless to say how happy I am right now... Big banks do not care about little people, I guess I am switching to small banks/credit unions right now...
I called Chase to ask them if they wanted to match HACU offer and they were like "Mr.. ***** we can help you if you allow us to run your credit again." I told them that they just declined my request for refinancing few weeks ago, and that I didn't want them to run my credit again... LOL. To make the story short, the rep tried to apologize and I simply told her that I was taking my business somewhere else.
BTW my goal is to have my score with TU EQX and EXP to be over 700 by then end of the year. Way to go!
To all of you out there in need of car refinancing try HACU.ORG they can help you out.
Thanks!