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Auto Refinance

Date: Fri, 09/22/2006 - 06:03

Submitted by anonymous
on Fri, 09/22/2006 - 06:03

Posts: 202330 Credits: [Donate]

Total Replies: 3


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.


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.


lrhall41

Submitted by on Fri, 09/22/2006 - 10:52

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