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I have an auto loan that has just over 12,000 left due and I would like to refinance but have bad credit…is there a company that will refinace even if you have bad credit???
my current interest rate is 12.75%…..will it go up really high if i refinance?

4 Thoughts on Is there a way to refinance an auto loan with bad credit? any company that is likely to help??
  1. Reply
    liv3wire ~
    June 10, 2011 at 12:36 am

    The 2 companies I know of deal with the highest risk loans at extremely high interest rates.
    Americredit, and Drive Financial.

  2. Reply
    blake l
    June 10, 2011 at 1:07 am

    bad credit auto refinancing

  3. Reply
    June 10, 2011 at 1:26 am

    You CAN get a decent car loan, even with bad credit. I’ve done it, but you’ll have to look around. That’s one of the BIG mistakes people make…just taking the first offer that’s given to them when they go to the dealer. Be smarter than that.

    WARNING: DON’T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It’s a better option, you don’t have to take what they’re offering if you don’t want it, and it’s better than dealing with the car dealer’s people.

    There are usually some nationally based car loan companies who specialize in bad credit car loans who advertise on the page linked below…

  4. Reply
    Jimmy John
    June 10, 2011 at 1:32 am

    Yes, but you’ll have to shop a lot to find a better rate with a bad credit.

    Good luck !

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