I signed my fist car loan last month for a 17k. I got a horrible interest rate because my score is in the low 600 and being my first major loan the rate is set at9.5% my question is. is it better to do the minimum payment for say 12 months and refinance or should I pay off the loan as quick as possible with the current terms? I can do 1k monthly payments , what do you guys suggest is my best option in regards to my credit score and saving money on interest? thanks in advance.
