Reduce interest on current auto loan
| Listing Information |
| Amount: | $6,283.00 |
Status: | Loan created |
| Grade: | A |
DTI: | 15% |
| Lender Rate: | 7% |
Borrower: |
Caina
|
| Time Left: | Finished |
State: | VA |
| Funded: | 100% |
Group: |
(No Group) |
| Loan Information |
| Loan Status:
| Current |
Origination Date:
| 2008-08-25 |
EricsCC ROI:
| 6% |
| Status History |
| Aug 22, 2008 |
Current |
Hello-
The picture with my loan listing is essentially my car; which I've happily owned for the last 3 years. Unhappily, I am paying 14.06% interest on the loan I took out to buy it-and owe too little money on the loan to qualify for a traditional auto refinance loan through my bank. The alternative that the bank offered was to try and get a 0% deferred interest for a year credit card for more than I needed, which was really not what I'm looking for. I have 2 years left on the current loan. I'd like the flexibility of that time-frame--just less interest. 9 or 10% would be great.
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