Will it be difficult for me to refinance my auto loan?
L asked:
I applied yesterday for a new apartment, so obviously my credit will be checked, among other things. My mom co-signed for a new car for me about a year ago and I am now plan to refinance my car loan in just my name. Am I going to have a difficult time getting the loan being that I just had my credit checked for a new place? I have about 2.5 years credit history with a fairly average credit score.
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I applied yesterday for a new apartment, so obviously my credit will be checked, among other things. My mom co-signed for a new car for me about a year ago and I am now plan to refinance my car loan in just my name. Am I going to have a difficult time getting the loan being that I just had my credit checked for a new place? I have about 2.5 years credit history with a fairly average credit score.
July 19th, 2009 at 8:10 am
if these are the only two inquiries on your credit report than I don’t think that it have much if any negitive impact on your score but realize this banks dont’ look at a score they look at your payment history and length of time good standing accounts have been open, I don’t think that you will have much problems if you refinace that the same place that you currently have the loan if you have been on time and making the current payments. Best of Luck
July 19th, 2009 at 11:30 pm
go here for your approval
July 23rd, 2009 at 4:41 am
Always worth a look. Get a free quote from these guys ( the banner at the top ). It’s a big name company that’s helped lots of people. I’d give their link here but that’s advertising for them. They helped my wife and I a few years back when we purchased our current home. It never hurts to look around for a better rate. Good luck!