mnorwood
04-10-2004, 12:30 PM
I thought this would be the best place to post this..I'll try to make a long story short....
Last June, after my DH came home from Iraq, we (I)decided we needed a second car. So we went down to our dealer ship and got a new, but not abused minivan. We got financed through a local credit union, who at the time was the only place that would finace my DH ( he has pretty good credit, I think it looked like we were over extended to other places due to the fact that everything we have is in his name because my credit was so terrible). Since then everything has been paid off except this and our other car note. I don't think either of us really paid a lot of attention to the interest rate, we just wanted the van.
Well... today we got our quaterly statement in the mail, and I noticed that the interest rate is 13.4% I know we can do better than this, and I want to refinance for a lower rate. BTW we owe $7,100 and some change on the van.
My husband has since got out of the Marine Corps, and we have moved to another state(Mississippi), but I want to try to refinace at the same Credit Union in North Carolina. If they won't then we will try somewhere else. If anyone has any advice on places to try please let me know and what CRA they pull if you know. I think I have seen several post about Household Auto Finance, so if anyone has any info on them please post.
Places that use EX and TU b/c these are DH best scores (EX677 and TU 682) would be preferred. Our credit union uses EQ which is DH worst score(561) due to an old BOA charge off, and a collection account that is not really a collection that is paid.
Thanks for any help! Me
Last June, after my DH came home from Iraq, we (I)decided we needed a second car. So we went down to our dealer ship and got a new, but not abused minivan. We got financed through a local credit union, who at the time was the only place that would finace my DH ( he has pretty good credit, I think it looked like we were over extended to other places due to the fact that everything we have is in his name because my credit was so terrible). Since then everything has been paid off except this and our other car note. I don't think either of us really paid a lot of attention to the interest rate, we just wanted the van.
Well... today we got our quaterly statement in the mail, and I noticed that the interest rate is 13.4% I know we can do better than this, and I want to refinance for a lower rate. BTW we owe $7,100 and some change on the van.
My husband has since got out of the Marine Corps, and we have moved to another state(Mississippi), but I want to try to refinace at the same Credit Union in North Carolina. If they won't then we will try somewhere else. If anyone has any advice on places to try please let me know and what CRA they pull if you know. I think I have seen several post about Household Auto Finance, so if anyone has any info on them please post.
Places that use EX and TU b/c these are DH best scores (EX677 and TU 682) would be preferred. Our credit union uses EQ which is DH worst score(561) due to an old BOA charge off, and a collection account that is not really a collection that is paid.
Thanks for any help! Me