2018年3月14日 · There are actually nonprofit lenders that do car refinancing. There's one called Capital Good Fund that offers loans of 7% - 15%, but they only lend in Rhode Island, Delaware, and Florida. If you live in another state, you can look at a local credit union, or even an online one like Alliance Credit Union.

2024年2月1日 · If they needed a co-signer when they bought the car, and their credit has only gotten worse since then, the odds of them successfully refinancing it are slim to none. If they manage to re-fi on the loan, the rate's likely to be significantly higher.

2022年11月4日 · Unlike big banks that can give you a different rate than someone with the same score based on factors like length of credit, experience with past auto loans, number of auto loans already reporting, etc. Assuming your income supports it I would think you should have very little trouble refinancing your current auto loan for a much better rate ...

2023年8月30日 · Hello, I recently financed a car through American credit acceptance. Unfortunately I received a very high Apr of 27.72% which if I follow the monthly loan payments will end in me paying twice as much as the car is worth. What scares me the most is the company itself, reading reviews online it seems like a very difficult company to work with.

2017年1月25日 · The other way, is that a car loan is a balance, an interest rate, and a number of months. You can reduce the balance with a large down payment. Stop spending on anything unnecessary, go into frugal mode. Stop eating out, stop going to bars, and throw all of that money towards collections accounts, as well as towards the existing auto loan.

2017年12月14日 · Yes, getting a loan and making every single payment on time will improve your credit score; but please don't get yourself stuck in a loan with unmanageable payments or payments you may have trouble making if you run into a bit of bad luck (lose your job, miss a week off work due to illness, unexpected car repair bill, etc).

Let's say you have a loan for your car with $6,000. It's a 5 year loan with 12% interest, compounded monthly. Your payment is $133.47 a month for 5 years. Your uncle Moneyworth decides that is wrong and offers you a loan at 0% interest, but requires you pay the $200 processing and fees for paying off the bank loan now.

CRedit's main goal is to improve your credit, keep it healthy, and support you in decisions that you make that may affect your credit livelihood. We are here to support you if you need an advice on closing/opening a credit card, improving your credit scores, removing inaccurate information from your report, qualifying for a new card/mortgage ...

2022年4月13日 · And more importantly, you will get approved but your credit score will likely be pretty bad, so it's one of those situations where it could be that you look back in 3 years and wish that you had gotten denied, rather than getting approved at 16% APR or something, which on a $45,000 loan at 72 months would leave you with a $975 per month payment ...

This was towards the height of the car price inflation due to the Covid pandemic as well as supply chain issues. Anyway, since purchasing the car and financing it for a term of 72 months. My credit has improved drastically. So I’ve been getting offers to refinance the car and bring my monthly payment and loan interest down.