Let the rebuild begin!

[Caardvark]

That is fantastic news. Congrats!

That previous loan was absolute poison. And, more often than not, loans such as those lead to deeper financial/credit duress. Th best news is that now you have an additional $78 each month to pay your other debts down.

[Remedios]

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@dytch2220 wrote:
Update, crazy good news on the auto loan. I decided to throw caution to the wind and apply to refinance through NavyFCU today. SUCCESS!

Same term of 45 month but interest rate is down from 22.259% with Bridgecrest to 7.09% at NFCU. All I need to do is send the check when I get home from vacation and get the new title to Navy within 90 days and it's a done deal. Woohoo!! Dropped my monthly payment by $78 and saved thousands in the end. They valued the vehicle at 15100 and the payoff was 15400, so it was very near to value already. Also, for future reference Navy will finance up to 20 years on a used vehicle.

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That's a great news!