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

0 Contributions
0 People Helped
I Purchased a car and 6 months later, i was told i could refinance and drop my interest rate.
I have now made 7 payments ontime or before with capital one, first auto loan since a bankruptcy 3 years ago, so my interest rate is 23%. Now the dealer told me after 6 month's i could refinance and drop my $400/mo payment, to about 1/2 of that. I still Owe $15,000 on my car loan and I'm not sure if I want to keep the car or try to trade it in and not get upside down, but equally lower my payments at the same time? The New car i am looking at is less than i owe on the 2011 I am driving now. Any suggestions and info would help me to make a good decision, and rehabilitate my credit?

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.