REFINANCING WITH BAD CREDIT

How to refinance an Auto Loan with Poor Credit?

Before beginning the refi process, you should review your credit report. Your credit may have improved since you acquired the initial car loan. If so, you may qualify for comparably low rates. If your credit has not improved, refinancing is still worth the effort. Another lender may offer a lower rate, which could reduce your monthly payments.
If you are not in a hurry, take some time and resolve credit issues. Little maneuvers like settling past due accounts and reducing debts can make a huge difference.
Auto loans must be refinanced through a different lender. There are several lenders to choose between. If possible, take advantage of the internet. The key to acquiring a good refi loan is comparing different offers. Thus, it may be useful to work with an online auto loan broker. Upon completing an online application, the broker will email you with quotes from potential lenders. If the lender quotes are unacceptable, consider re-applying with a co-borrower. This tactic may help you obtain a good refinancing loan offer. Of course, the co-borrower must have good credit for you to qualify for a low rate.