How To Qualify For Bad Credit Car Refinancing

If you had bad credit when you originally purchased your car and you’ve been paying your existing car loan on time, refinancing may make a lot of sense. It’s not uncommon to pay a higher interest rate for an auto loan if you’ve experienced credit problems. You can, however, qualify for reduced interest rates if you uphold the terms of your loan and faithfully make payments over a period of 6 months or more. RefiPayment can help you find car refinancing options that are more attractive than your current auto loan.

Qualifying for a Better Auto Loan

Are you contemplating refinancing your auto loan on but not sure if you qualify? If you have fewer than 75,000 miles on your car and its 5 years old or newer, you could qualify for car refinancing. To simplify the application process, please make sure you have the following information before you apply:

  1. Current odometer reading
  2. Vehicle Identification Number or VIN.
  3. Current vehicle registration
  4. Current lien holder name and account number.
  5. Current auto insurance information

Our Simple Online Loan Application

RefiPayment makes the auto refinancing process simple and efficient. Complete our secure, online loan application and you could receive one or more offers from our direct lending partners in a matter of minutes. You are under no obligation to accept the terms of any loan offered to you – in other words, you’re in the driver’s seat. If interest rates are lower or if your credit score has increased from the time you originally purchased your car or if you obtained financing from an auto dealer, refinancing could save you money.

Getting Trustworthy Information

There are a number of websites that can provide you with good refinancing information, but when you choose RefiPayment, you have access to our complete library of resources and helpful tools. We provide free access to car loan calculators and an array of articles that help you research your car refinancing inquiries. To get trustworthy information you can count on, check out our resources. They can help answer questions so you can refinance your car with confidence.

Bad Credit Car Refinancing Advantages

Do you think you’re paying too much for your auto loan? Have interest rates improved since you closed on your auto loan? Have you made at least six payments since purchasing your car? If so, you may want to refinance. There are a number of advantages to consider, including:

  • Lower monthly payments
  • Lower interest rate
  • Shorter or longer loan terms
  • Lower finance charges

Interest rates are at historic lows. If you bought your car at a higher interest rate, you could save hundreds, even thousands, by refinancing your current auto loan.

Apply Now

If you think you’re paying more on your auto loan than you should, consider refinancing. Apply today and you could receive one or more car refinancing options – even if you had bad credit in the past.