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How to Refinance a Car Loan with Bad Credit. You can still refinance an auto loan with bad credit, but getting a good rate can be difficult. Borrowers with low credit scores generally pay much ...
You can refinance a car loan with a bad credit score to get a lower monthly interest rate if you can boost your credit score compared to the time of your original loan.
When you refinance a car loan, the bank will run a hard credit inquiry. This action will reduce your credit score by a few points, but that's not the only factor in play here.
Good news: If you have good enough credit and get approved by a lender, you can refinance an auto loan. Refinancing to a lower rate on an auto loan could help drivers cut their monthly car payments.
Before applying for an auto loan, avoid opening new credit cards or loans. Making efforts to repair your credit score before you begin shopping will put you in a more favorable position with ...
Refinancing car loans can be a smart way to save money each month. But refinancing your car loan -- that is, taking out a new secured loan to pay off the balance of your current loan and using ...
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