@SunriseEarth wrote:
@Chrisla2077 wrote:Due to really needing a vehicle, but having poor credit, I had to take an extremely predatory loan from Santander at 20.49%. I, of course, want to re-finance ASAP. I'd like to do so after 6 mos (long shot I know) but if I could even come down by 2-3 percentage points..it would make a difference . I was wondering if anyone has re-financed more than once to get even deeper interest rate drops as credit improves? Is this possible or does it look bad to lenders?
If if makes financial sense, then definitely do it!
Are you posting on the "Rebuilding" section? There's so much good information there on how to address baddies. I've been helped out A LOT over there! I wish you the best of luck as you rebuild and get better loan rates (and yes, Santander sounds horrible!).
I keep a solid eye on the rebuilding section. I'm dedicating the next 12 months to figuring out how to make a dent in some. Unfortunately, most are in the thousands (crazy and I think wrongly charged interest. Santander has seemed to have great customer svc so far...and i'm thanknful they gave me a chance...because no one else would.
