Hi, I'm new and have been lurking for a while, gotten some great tips from everyone here! I recently financed a car, after a truly mortifying experience finding financing. I have 3 cc's, each with a $500 limit, a few medical collections waiting to fall off (including one I'm disputing) and 'limited credit experience'. Got denied almost everywhere I went. I did find a CU for financing, but was approved for 15.75%. It was either that or Honda at 20something%. I was told refinancing in 8-12 months was the way to go but was wondering if it's possible sooner, maybe in the 6 month range? I plan on paying extra each month towards my loan because I know it goes directly towards the principal.
Also, how long does it take for the lender inquiries to fall off?
Thanks!