I had to file bankruptcy 08/2005 after my divorce so my credit is poor. But I am needing to refinance my loan? I am single mother who is trying to find ways to cut payments? Anybody please help????
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You should start by looking at local credit unions. Your credit doesn’t have to be perfect, they use common sense in their underwriting of loans, and if they say yes, the rate will be far less than a finance company would offer.
Sorry to tell you this, but it will be nearly impossible to find a lender willing to refinance a used car loan, with a person that has poor credit, and a bk in their history.
Credit Unions are probably your best bet on this one – they tend to have lower rates. You just have to qualify to join them!
I found a site that lists a couple of services that will help you find an auto loan with poor credit. Just make sure that they don’t ask you to pay a fee for finding you a lender. Anyone who does will likely scam you.
I am a mortgage consultant and there is not to many lenders out there that do refinancing on auto loans and you also have a B/K with bad credit. My best advice would be to refinance your home if you have one and include that and any other debt you may have in with it. The interest rate will be a lot better then you would get on any car loan and your credit cards. If you include all of you debt in the mortgage it could help you save hundreds of dollars a month…
try lendingtree.com