Comments on: How do you refinance a vehicle with fair credit? http://www.refinance--blog.com/refinance/how-do-you-refinance-a-vehicle-with-fair-credit Refinance Information and Deals Sun, 20 May 2012 21:28:55 +0000 http://wordpress.org/?v=2.7 hourly 1 By: KarGuy http://www.refinance--blog.com/refinance/how-do-you-refinance-a-vehicle-with-fair-credit/comment-page-1#comment-1094 KarGuy Mon, 25 May 2009 08:52:08 +0000 http://refinance--blog.com/refinance/how-do-you-refinance-a-vehicle-with-fair-credit/#comment-1094 <a href="">Joan</a> Payments are based on your credit file. Sometimes there are things in there that are NOT always accurate. Take the time to review your credit report with the bank or credit union. Sometimes it takes little time to restore your challenges..late payments, paid late, didn't pay at all, and of course "That's not me, I didn't charge that!!" Then....prove it! Credit counselors can also help..and it's FREE Joan

Payments are based on your credit file. Sometimes there are things in there that are NOT always accurate. Take the time to review your credit report with the bank or credit union. Sometimes it takes little time to restore your challenges..late payments, paid late, didn’t pay at all, and of course “That’s not me, I didn’t charge that!!” Then….prove it! Credit counselors can also help..and it’s FREE

]]> By: Steelegrave http://www.refinance--blog.com/refinance/how-do-you-refinance-a-vehicle-with-fair-credit/comment-page-1#comment-1093 Steelegrave Fri, 22 May 2009 17:52:34 +0000 http://refinance--blog.com/refinance/how-do-you-refinance-a-vehicle-with-fair-credit/#comment-1093 <a href="">Keith</a> Plenty of ways. The only caveat is you have to be in a "simple interest loan". Contact your personal bank to find out what they will loan you money for if that rate is attractive, use their new loan to payoff the existing one. You can determine your payoff by calling the current lender or perhaps if you have access online. If your own bank isn't better, try capital one online and see what they will give you. However, most people don't understand the true nature of finance charges on a small loan. 1 point of interest on a $16k loan equals about $9/month on a standard 60 month loan. So if you can find a rate 2 points lower than you have now that will save you in the neighborhood of $18/month. Don't know when you started this loan but you also need to understand that interest rates have risen significantly in the last 18 months. If your loan started before that, I would be suprised if you could find a lower rate. Keith

Plenty of ways. The only caveat is you have to be in a “simple interest loan”. Contact your personal bank to find out what they will loan you money for if that rate is attractive, use their new loan to payoff the existing one. You can determine your payoff by calling the current lender or perhaps if you have access online. If your own bank isn’t better, try capital one online and see what they will give you.

However, most people don’t understand the true nature of finance charges on a small loan. 1 point of interest on a $16k loan equals about $9/month on a standard 60 month loan. So if you can find a rate 2 points lower than you have now that will save you in the neighborhood of $18/month.

Don’t know when you started this loan but you also need to understand that interest rates have risen significantly in the last 18 months. If your loan started before that, I would be suprised if you could find a lower rate.

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