Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!


Posted in Auto Loans
Profile Image

Question By

1 Contribution
1 Person Helped
Got an auto loan then my credit score improved 100+ pts. Should I refinance?
In July I financed a car-with a co-signer- while in the process of having disputes resolved on my credit history. I was approved before the disputes were resolved because I needed the car for transportation to a new job. After the purchase was made and the disputes were resolved successfully, my score went from an approx. 450-500 score to approx 600-650 score as of today.

In addition to Credit Karma informing me that with a refi from Blue Harbor I could save up to $1,092 on my auto loan (6.5% rate), I've been told by friends/coworkers that refinancing when you have a better score is a good idea to save money and free up the ability to continue to keep paying other debts off consistently.

Is this a good plan of action? Does anyone have knowledge of of Blue Harbor and their record? What will the impact be on my credit score?

Thank you for all your help!!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.


Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.