A couple years ago, my daughter needed a larger car, she had a Cruze but was soon to have baby #3, but was upside down on the car. To help them out, I took over the payments on the Cruze. I already had a car that was paid for so didn't really need it but was helping them and giving me a spare car in case my other car was in the shop. I've been reading on there the last few months about having a variety of types of credit and realized I was paying on a car and helping their credit and doing nothing for my own. I financed the rest of the loan with the local CU with a high interest rate.
On September 1, I joined NFCU. On September 2, I applied for a NFCU Cash rewards card and got $1,600 CL. Since then, I have read about their refinancing and they have cheaper rates and also a $200 bonus for refinancing. If I could get a cheaper interest rate, I think it would be worth it to refinance my loan. Right now, my scores are around 595 to 620 and I have few things disputing and some GW letters out. Should I try now or wait a while then refinance it when my scores come up?
