Simple Version
Starting terms
60 Months
11.33 APR
Ally Bank
Payment 324.33
Score at the time was 630 across all three
Refinance Terms
60 months
3.49 APR
Americas First Credit Union
Payment 274.00
Score on refiance is 691 Eq 709 Ex 733 TU
Long Version
RateGenius is a broker I saw on google search and I applied. Next day I got phone call with approval. Credit was ran by American First Credit Union here in CA. She told me my new APR and I was so excited, she even said you no longer have to be paying that much with my history. This was a car I financed for my mother because she was without a car in February of 2016 and I was at the mercy of the dealer. They got me at the dealer for 72 months at 13.99 and I was just happy I could get a car for my mom. I was ignorant of credit so I just took it. Ally finally took my loan at 11.33 and I only made the minimum payments. The process with RateGenius took only two weeks between application and them mailing a check to Ally for my payoff. All that was asked was ID, 2 paystubs, a check for 30 dollars, and insurance information. I'm quite happy with the service I received and will enjoy saving 50 dollars a month for the remainder of the term.
