Comments on: I am trying to refinance my car who will finance at a good rate w/ a credit score of 570?

By: Curiam

Curiam — Tue, 23 Feb 2010 11:05:08 +0000

I am in the business of financing RV’s and I will say that 16% is not a bad rate for your credit score. I would suggest that you make payments for a year steady and if you have no slow payments you will be able to refinance and get a good rate but you have to pay your dues to get there.

By: vg55 v

vg55 v — Tue, 23 Feb 2010 11:05:08 +0000

I think your best bet will be going to a credit union and applying there to see what they can do for you.

http://www.penfed.org – is very popular

By: spifiman1

spifiman1 — Tue, 23 Feb 2010 11:05:08 +0000

Your local credit union or bank will be your best shot.

After that try Capital-One, Wells Fargo and Citifinancial.

Actually 16% for a 575 score is not that bad.

By: bostonianinmo

bostonianinmo — Tue, 23 Feb 2010 11:05:08 +0000

Your rate is typical for your credit score. Sorry, but 570 is well into "B Paper" territory and you’re not likely to do a lot better than that.

One other poster suggested trying a credit union. That’s good advice up to a point. A credit union will treat you much more fairly than a bank will. However, a credit union will NOT loan you money if you are already in over your head, unlike many banks. Some see this as a negative with credit unions but I view it as a sound practice that considers the customer’s financial harm by overextending themselves.

By: Navy Sailor - GAI

Navy Sailor - GAI — Tue, 23 Feb 2010 11:05:08 +0000

Ask your parents or grandparents for a loan. Other than that you are lucky to only have 16%.

By: ram k

ram k — Tue, 23 Feb 2010 11:05:08 +0000

If you have a poor credit score, it is difficult to get a loan from most banks and financial institutions. Credit is usually available only at a very high interest rate.Only few companies provide loan with poor credit score.Check out link for details.

http://www.acreditlibrary.com/prosper.