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Question By
jwilliams61735

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Will a refinance on a car loan hurt my credit score?

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Refinancing

Helpful to 5 out of 5 people

NOPE!  In fact, when we refinanced my hubby's car, it helped us both. Our monthly payments dropped significantly!  It actually raised his score about 10 points, but each situation varies.  If you refinance and cash out equity, it may be different.  But we just refied to lower our payment.

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Reply by
bmanrocks

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27 People Helped

Thanks for the info im refinacing next month going from 6.7 rate down to 1.9 very happy.

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