NFCU auto refinance data points

[Anonymous]

Anybody willing to share their data points for NFCU auto loan refinance approvals? I'm looking to refinance a $20k payoff for a 2016 Ford. Currently have around a 600 score. I'm currently paying $500/mo, but the NFCU calculator said they could possibly get it cut in half if I refinance with them.

I'm actively trying to get my credit report cleaned up and didn't know at what point I should start looking at refinancing. 

Thank you!

[AllZero]

Here's a good thread. Maybe start at last page and work backwards?

https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Loan-Approvals/td-p/252350

[Shooting-For-800]

20k balance is $250 per month for 80 months without any interest.

You may save $100 per month depending on APR, but it won't be cut in half.

What is your current interest rate?  What is the Navy interest rate?

GL!

[Anonymous]

I was just approved on today. Mind you I applied for a Cash Rewards card a week ago and was denied. They pulled my Transunion credit report. My scores are as follows:

FICO 8 717

FICO 4 (Auto) 660

FICO 9 689

they approved me for 11.59%, still high but better than 19.8% with Capital One. My payments went from $614 to $153.

Hope this helps!

[dunn2500]

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@Anonymous wrote:

I was just approved on today. Mind you I applied for a Cash Rewards card a week ago and was denied. They pulled my Transunion credit report. My scores are as follows:

FICO 8 717

FICO 4 (Auto) 660

FICO 9 689

they approved me for 11.59%, still high but better than 19.8% with Capital One. My payments went from $614 to $153.

Hope this helps!

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thats not right....600 to 100 on 8pts, no way.....even 19% to 0% wouldnt be that much......from 17% to 8% was only 700 to 500 for me......unless you stretched out the terms 3 years longer or something

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