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!

Question

Posted in Auto Loans
Profile Image

Question By
shacoll26

0 Contributions
0 People Helped
Refinancing my auto loan or getting a new auto loan
My credit score is in the 670 range and I have 3 credit cards, one that is for medical expenses, another to finance my laptop, and the other is for personal use. I make more than the minimum payment on all of my payments. My utilization on all three cards is around 45%, and I am working on getting it close to under 30%. Never missed a payment on anything. I still owe on my currently auto loan <10K. But, I want/need a new car because I drive a lot for work and I put a lot of miles on my car due to personal travels. I'm planning to trade in my car in the next few weeks, with a decent down payment as well.

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
6242 Contributions
1322 People Helped

You will have to get a new loan. You cannot refinance a current loan to get a new vehicle. Be sure to take some time to read about credit, the more you know, the more you will benefit.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

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

View your scores and reports anytime.

SIGN UP NOW

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.