Member since: May 2010
Total Contributions: 3
Don't forget you get tax breaks for your student loans, but not your car loans.
Response posted 4 days ago
I have the same question. I assume your creit score will look better becuase your overall debt will be decreased.
If you are looking into overall cost savings, use the free financial tools online to see how much you would save by paying off your loan vs. refinancing.
Response posted 4 days ago
During the first 3-6 months, you are decreasing your outstanding principal very slowly. Your balance is not likely decreasing as much as you think.
Try finding a credit union when you refinance...their rates are usually way lower.
Comment Reply posted 1 year ago
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