If you're stuck making high car payments even though your credit score has improved, every day that goes by without calling LoanMerica about refinancing is a day of wasting money needlessly.
Many people in their original auto loans are not aware of how high their interest rate is, or that their monthly payments are a lot more than they need to be paying. If you qualify for a refinance loan from LoanMerica, the amount of money you can save, both monthly and over the long haul, could be a very pleasant surprise.
If, for example, you are paying $450/month on a 2005 vehicle, we think that's out of line. If your loan percentage rate is in the upper teens or 20%. . .why?! At LoanMerica, our job is to reduce the rate for qualified borrowers and get you a loan that's fair. Depending on your credit, there are a couple scenarios that could compel you to refinance your automobile:
You owe more than your car is worth, have a high monthly payment, a high interest rate, and your credit is good or on the upswing. You might be a prime candidate for a refinance loan.
- You want to keep your car and get a better loan. The car meets refinancing criteria, and so does your credit.
- Regardless of your plans, if your credit scores are improving, you're entitled to a better loan, and LoanMerica can get you one. Call us at (800) 391-9310 to discuss your options.