If you refinance your car now, you may expect bank ask you to put down $3k to kill off negative equity before you can refinance. But because you bankrupted, your rate may go up.
As for your husband's car, I don't think it'd be an issue to refinance if you want to lower your payments, but interest rate may be higher because of recent BK.
If you want, shop around to review what offers you best rate. In my experience, I had Consumer Portfolio Services at 24% (bought my car while in BK7 before DC), after 7 months I shopped between two CUs to refinance. One CU offered 6% rate, but they saw my car's value at its trade value, not the market value. I was required to put down substantial amount of money, I declined. The other CU offered 13% and looked at its current market value, I went with it without hesitation.
Good advice so far. Give it a little time and let your scores go up a tad more. Your current scores are almost there now. Current Score: EQ 642, TU 604, EX 641
I am one that believes in reaffirming auto loans. I did and glad I did. Does nothing but help after DC build credit. Because it keeps reporting. Whereas no reaffirmation does no reporting, nada.
I know you feel your almost there and can tatse it. But you'll get there, and the higher the score, the lower your interest rate. You can always check credit unions or anyone else that do SP pre-approvals and see where your at as you climb up the ladder. Once there. Then make your move. Good Luck!
