4 Comments

1. Judy says:
   March 22, 2010 at 4:42 am

   Are you trying to re-fi with the same company.
   Think about that for a second.
   Why would they want to lose money by refinancing you?

   Go to a credit union or another bank and ask them if they will re-fi you.
   /
2. A M says:
   March 22, 2010 at 4:54 am

   Could be due to the credit crunch. Maybe your credit score is still too low to get a better loan. If you’re working with the same loan company that has your current loan, then they don’t want to lose the profit from the high interest rate.
3. SPIFIMAN1 says:
   March 22, 2010 at 5:09 am

   Auto finance is what I do for a living and unless you have very good credit 700 or better and since your paying 19% you obviously don’t, 6-months worth of payments is not enough to qualify for a refinance.

   You need to make at least 12.
4. Doctor Deth says:
   March 22, 2010 at 5:56 am

   because teh car depreciates faster than you are paying it down – 6 month on a 5 yr loan is nothing and why would you think you would get any lower of a rate after only 6 months – your credit has not improved that much in that short a period of time – it must have been really bad if you got a 19% rate to begin with – forget it – you are stuck with that loan until it is paid off