I am in the process of trying to refinance my auto loan. The loan is for a basic Dodge Journey SE 2018. I got it 4/1/19 for $22,360 at 21.4% interest for 72 months making my monthly payments $542. I have an offer from my back to refinance $22,475 at 12% interest for 60 months making my payment $500-$504 a month. Is this a good deal?
They pulled my TransUnion which is 660. Old repossession, new auto loan, over 30 hard pull inquiries, 20% utilization, old Verizon collection, and old Comcast internet collection.
Starting Score: 456 Current Score: 675 Goal Score: 705
35 Inq Repossession-currently on payment plan $150/mo New car note-$550/mo Self Lender-$45/mo (1 late payment June 2018) Merick Bank-closed 0 balance (settled) Indigo cc-$300SL Capitol One Quicksilver-$500SL