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Posted in Auto Loans2 People Helped
There is no set amount of time, I don't think that matters unless you think your credit score is going to rise more. If you read other info on this site about raising your score you will see it is better to have around 20% balances on your credit card limits to show you are responsibly still making monthly payments, even if the payments are small (instead of paying them all off). And never close those accounts as that will hurt your score. In your situation i would do this to raise your score, for say 2-4 months at least, then refi the car. That is a very high interest rate for a car loan these days, shop around-credit unions are supposed to be the best rates.
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I have the same problem what I want to know is does it look bad on my credit to refinance often? as my score increases?
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