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Posted in Auto Loans
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Refi of Auto Loan and Impact on Score
The simulator show a reduction in my score for an auto loan. But I see no option on the simulator for refinancing my current loan. I can save thousands of $ since I've improved my score enough to lower my APR. But I do not want to risk lowering my score. Does anyone know the impact on my credit score if refinancing my auto loan to a lower rate ? I do not want to extend the months. I want to shorten it or keep it the same.

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