Anonymous
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Sub: #1 Auto Refinance
Replied on 09-22-2006, 06:03 AM
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Last year I bought a new(used) car and have paid on-time all of the payments to date (12 so far.) My interest rate is 21.25% on the loan due to bad credit rating, but I have been in a debt counseling program for 3 1/2 years and things are looking up! I was told to try to refinance after 12 months of on-time payments, but AmeriCredit (which I have no problems with) will not refinance any loans. I went through Lending Tree.com, and have heard from Roadloan.com for a rate of 16.99%. So, it is an improvement, but I don't know anything about them. Capital One Auto said they would also send me an offer, but I will never work with any Capital One company again. Does anyone have any advice on automotive loan refinancing? Thanks.

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Send message to Christina
Sub: #2
Replied on 09-22-2006, 10:01 AM
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Where do you live? Have you looked over the companies in your area? There must be a few credit unions also that may offer you low interest rates.

Anonymous
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Sub: #3 Auto Refinance
Replied on 09-22-2006, 10:52 AM
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I live in Cincinnati, but I do not belong to a Credit Union. I did apply through my bank, and am waiting to hear what they say...my credit rating is not great, of course, but in general, I have been a good bank customer for 9 years.


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Sub: #4
Replied on 11-06-2008, 10:21 AM
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I do not know what insurance company you are with, but we are with State Farm and they can do financing and refinancing of auto loans for their customers. You might check with your insurance company and see if they offer something like that. Worth checking into.




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* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
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