I refi my loan of 27% 1 month after discharge of Chpt 13 went thru CarMax.......8 months later got letter from Road Loans......tried it and got refi for car down to single digit % rate.....BAM! Scores were in the 500's.
@Beilin wrote:
Hi all,
I filed bk in May 2019 and discharged in August 2019. In October I obtained an auto loan through Carvana at 15% and I want to start looking into re-finance options. I have not been able to prequalify through capital one (burned them in BK for $800). I do have accounts with both PenFed and NFCU but I am hesistant to apply due to bk being recent and because Navy federal I have seen offer higher interest rates or complete denials and I have not found a thread where someone was approved for re-finance with PenFed before 1.5 years post bk. For those who have financed with these credit unions did you have to wait the 2 year mark post bk for approval? Fico Scores are 630s across all bureaus.
Update: NavyFed denied even after asking for recon BUT I was able to refinance from 15% to 9% with Lending Club. I received the approval today
