Is it possible to be refinance an auto loan after a few months of on time payments to lower intrest rate?
Thursday, July 23rd, 2009
Amber M asked:
I was financed with bi-monthly payments of $179 and an intrest rate of 29%. I was told that if I focus on making these payments on time, it can actually improve my credit score. Then if I can save, say, another $1,000 to put down later and then refi, that could also change the high intrest rate and improve my score even more?
I was financed with bi-monthly payments of $179 and an intrest rate of 29%. I was told that if I focus on making these payments on time, it can actually improve my credit score. Then if I can save, say, another $1,000 to put down later and then refi, that could also change the high intrest rate and improve my score even more?
My credit is horrible… I’m working on fixing that now. Buying a clunker is not an option. Seeking answers from financial professionals.
Christine