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Outcome on refi auto?

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Anonymous
Not applicable

Outcome on refi auto?

I brought a car on Aug 2015 and financed it thru Lexus, joined a credit union and refi it at a lower rate in Feb... What scoring effects will I have?
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Bankrupt2019
Established Contributor

Re: Outcome on refi auto?

I would imagine youll see a drop at first from the inquiry as well as a new installment account with a %100 balance. Score should rebound rather quickly though.









Message 2 of 3
SouthJamaica
Mega Contributor

Re: Outcome on refi auto?


@Anonymous wrote:
I brought a car on Aug 2015 and financed it thru Lexus, joined a credit union and refi it at a lower rate in Feb... What scoring effects will I have?

you'll take a hit which you can offset by paying off as much of the loan as possible as fast as possible


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

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