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Is Chase finally doing Auto Refinancing ?

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Mdowning30
Established Contributor

Is Chase finally doing Auto Refinancing ?

I just read a couple links dated this year in March that they have Chase Auto Refinance. This is new to me as before i know they only did regular loans not refinancing. Is this true ?

Chase Freedom Unlimited : $6000 | Discover It Chrome : $3500 | AmEx CS Investor : $6000 | Chase Sapphire Preferred : $5000 | Chase Amazon Prime : $2000 | AmEx Hilton Surpass : $1000 | AmEx Business Plus : $2000 | AmEx Platinum CS : POT $2800 | Tower Federal CU : $15,000 | Lowes Commercial Account : $1,000 | WF Bilt Mastercard : $4,000 | Shell Fleet Plus : $1,000
Total Credit Limit : $42500
Experian FICO 8 : 694
| Experian Vantage : 701 | TransUnion FICO 8 : 683 | TransUnion Vantage : 695 | Experian FICO 9 : 665
Starting Score: 512
Current Score: 693
Goal Score: 700+

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Message 1 of 6
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Brian_Earl_Spilner
Credit Mentor

Re: Is Chase finally doing Auto Refinancing ?

Yes, they are doing refinancing. You can even pre-qualify now, though I don't know if the tool is fully functional. It hasn't been there reliably for me. Sometimes it's there and sometimes it's not.

    
Message 2 of 6
Mdowning30
Established Contributor

Re: Is Chase finally doing Auto Refinancing ?

That would be awesome because i bank with them and Bank Of America was on my list, so i would rather be with Chase. It must be brand new because i dont see the option on the website.

Chase Freedom Unlimited : $6000 | Discover It Chrome : $3500 | AmEx CS Investor : $6000 | Chase Sapphire Preferred : $5000 | Chase Amazon Prime : $2000 | AmEx Hilton Surpass : $1000 | AmEx Business Plus : $2000 | AmEx Platinum CS : POT $2800 | Tower Federal CU : $15,000 | Lowes Commercial Account : $1,000 | WF Bilt Mastercard : $4,000 | Shell Fleet Plus : $1,000
Total Credit Limit : $42500
Experian FICO 8 : 694
| Experian Vantage : 701 | TransUnion FICO 8 : 683 | TransUnion Vantage : 695 | Experian FICO 9 : 665
Starting Score: 512
Current Score: 693
Goal Score: 700+

Take the myFICO Fitness Challenge
Message 3 of 6
Brian_Earl_Spilner
Credit Mentor

Re: Is Chase finally doing Auto Refinancing ?


@Mdowning30 wrote:

That would be awesome because i bank with them and Bank Of America was on my list, so i would rather be with Chase. It must be brand new because i dont see the option on the website.


Yeah, I don't know if it's because my previous loan was with them or I was part of some beta. They sent an email about refinancing. The link took me to a prequal tool on their site. I checked back a few times and it came and went. Currently it's not showing for me.

    
Message 4 of 6
Mdowning30
Established Contributor

Re: Is Chase finally doing Auto Refinancing ?

I've spoken to 2 chase employees over the phone 1 from customer service and the other was a bank teller, 1 said they do and the other said they dont idk I'm confused unless it's a brand new beta they are introducing.

Chase Freedom Unlimited : $6000 | Discover It Chrome : $3500 | AmEx CS Investor : $6000 | Chase Sapphire Preferred : $5000 | Chase Amazon Prime : $2000 | AmEx Hilton Surpass : $1000 | AmEx Business Plus : $2000 | AmEx Platinum CS : POT $2800 | Tower Federal CU : $15,000 | Lowes Commercial Account : $1,000 | WF Bilt Mastercard : $4,000 | Shell Fleet Plus : $1,000
Total Credit Limit : $42500
Experian FICO 8 : 694
| Experian Vantage : 701 | TransUnion FICO 8 : 683 | TransUnion Vantage : 695 | Experian FICO 9 : 665
Starting Score: 512
Current Score: 693
Goal Score: 700+

Take the myFICO Fitness Challenge
Message 5 of 6
pizzadude
Credit Mentor

Re: Is Chase finally doing Auto Refinancing ?

Maybe they're in the process of adding refi but from what I see it's still not an option.

 

Their website states "Although Chase doesn't offer refinancing, we'll cover the steps below so you can see if it's the right choice for you"

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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