How should you choose a company to refinance an auto loan you got with poor credit?

If you need to refinance an auto loan and have poor credit, you should choose a company that specializes in refinancing poor credit auto loans. Traditional lenders, such as banks, will not likely assist you with a low cost refinance unless your credit score is very high. For this reason, going to high risk lenders will help you get the loan you need. However, it is important to note that these lenders do come with downsides, including high costs and potentially high penalties for late payments. The good news is you will see your credit score bounce back tremendously if you do pay off the high risk loan.


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