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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 ...
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.
In fact, many online lenders offer bad credit auto loans with competitive rates and generous repayment terms to consider. Next steps. If you have bad credit, it may be tougher for you to get a car ...
If you owe $12,000 on the loan, for example, and the lender sells your repossessed car for $8,000, the $4,000 difference — as well as any associated fees and costs — are called the deficiency ...
Refinance with a personal loan. Another option is to apply for a new, lower-cost loan and use the funds to pay off the title loan. You can use a personal loan for bad credit to refinance a title ...
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