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Posted in Auto Loans
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ICH8RS

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Should I wait to refinance auto loan?
I currently have a very poor credit score due to 9 late payments (8 were from two separate student loans (4 missed payments each) and one was from a credit card that an auto-payment didn't go through 5 years ago. I am unsure if I can dispute the student loans as I was unaware of them until I bought my car. Long story short they sent to my mothers address who never informed me. Haven't updated license due to moving in a few months again. Anyways right now I'm paying 12.67% APR on my 2016 SUV with 65 months left. I keep getting mail about 8.29% APR but am trying to hold off to get my score as high as I can. I purchased my vehicle 8/15. Since then 3 collection accounts from High School have rolled off. I now have 3 left $332 total in collections due to roll off early next year. I have 12 hard inquires from the last 2 years from my car, apartment, utilities, etc. Will refinancing auto loan cause another hard inquiry? I also had opened a Capt.One Secured credit card that I use to pay gas >10% then pay off monthly. Score creeps up extremely slow. How much do you think I can improve this and how soon?

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