Saturday, October 31, 2009

Should I refinance my car loan again?

A few days ago I refinance my 21% six year loan to an 11.5% four year loan with a credit union (when all websites and banks rejected my refinance request). What I'm wondering now is, how long should I wait to refinance for a better rate? I'm thinking in 6-8 months I'll refinance with the same credit union for a 3 year loan. Any advice?

Should I refinance my car loan again?

Im sure you know that the refinance percentage is based off of your credit history/score. I would recommend to wait at least 12 months. Any inquiry on your credit will last for 2 years, so you don't want to run the risk of having them run your credit at the 6 month mark and them not approving it because you don't have an adequate length pay history. If they did deny it, then you would have to run it again at the year point. Also, by waiting at least 12 months, you are showing the credit union (or bank) that you have made 1 years worth of monthly ontime payments. Hope this helped.

I've bookmarked this site to go back to next time I need a loan...

Take care.

Should I refinance my car loan again?

Its like buying a car before a year has gone by. The more you refinance the less you will find someone to do it. All you can do is look around but it might not be to your liking. A Credit Union should be around 4-5% not 11.5 If you have good credit. maybe look around for another credit union.

Should I refinance my car loan again?

I read your Article. I have applied for series of Loan in different loan companies online and end up loosing my money.I lost $2,400.00 in the hands those internet loan scammers, who claim to be loan lenders. I lost every penny i had till a friend directed me to Macro Loan House, were i applied for a loan of $46, 000.00 which was Approved and transfer to me. I will advcie you contact the company too for possible help. Company email:

Should I refinance my car loan again?


My names are lisa cave i live in united state of america i work in an industried i have two kids and i am christan,the good news here is that i get my loan from Mr daniel walters i have been scamm before until i met mr daniel walters then my case was over.therefore, i advise every one to get there loan from mr daniel walters is a nice can reach him at.Email:

He is a Private Loan Officer for the above named company and he can be of Help to you. He can help you get the loan you require. His Interest rate of 0.4% is fair enough.

Mr daniel walters


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