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Posted in Auto Loans
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janell33

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if i refinice my car will it help my credit score

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Top Contributor
1884 Contributions
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Transfering debt from 1 account

to another won't do anything to help your score.

In fact you would see a dip in your score because of the hard inquiry when applying for the new loan,

Now if you want to refi in order to get a better interest rate or terms, then you have to weigh those factors to see if it will actually save you money in the long run otherwise it may not be worth it,

Applying for a new loan just to try and raise your score is proabably not going to work.

Good luck

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