Car Loan Refinance-credit score?
Date: Thu, 04/26/2007 - 13:41
I am getting a good rate on refinancing my car loan.
If I refinance my car, what does the early pay off on the first loan do to my credit score?
If I refinance my car, what does the early pay off on the first loan do to my credit score?
Should have little effect on score since you are trading one cre
Should have little effect on score since you are trading one credit account for another of same type. You probably will lose maybe 5-10 pts for inquiry and new age of loan. Just my best guess.
But in the long run, it is a wise move, because it is saving me
But in the long run, it is a wise move, because it is saving me 3K and it will be paid off sooner (60 versus 72 months) so it has to a good move, correct?
You save over 3K and you asking me if good deal! Heck yea,jump o
You save over 3K and you asking me if good deal! Heck yea,jump on it before they change their mind.