|
Monday, 08 September 2008 |
By Tony Beb
Many people suffering from bad credit want to buy a car or refinance an old loan. Most will wonder if they can refinance loans to get a better rate or monthly payment. Often times people are unaware of their credit and how it affects loans. Lenders understand many factors can contribute to a persons credit history and are always looking for new business. Some times people take loans without knowing the proper information before applying. The best advice is to research everything and get multiple opinions. Ask someone you trust for some advice.
Before you apply for a refinance it is advisable to get a copy of your credit report. There are many sites online that will offer a free credit report. Understanding your credit score will help you to negotiate the interest rate of your loan. If you don't know your credit score and are unprepared a lender can charge you a much higher rate. Also, you will be able to look at any negative items and dispute them if necessary. It may not be worth while to refinance if your |
|
Last Updated ( Monday, 08 September 2008 )
|
|
Read more...
|