Auto refinance through a credit union?
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Auto refinance through a credit union?
Alright to my so-cal drivers, I have a question about re-financing my auto loan through a credit union.
I'm basically getting raped by U.S. Bank and I am dying to re-finance for a lower interest and payment.
Has anyone re-financed through a credit union? I've been doing some research about this, and I need advice from you guys who re-financed!
Thanks in advance!
I'm basically getting raped by U.S. Bank and I am dying to re-finance for a lower interest and payment.
Has anyone re-financed through a credit union? I've been doing some research about this, and I need advice from you guys who re-financed!
Thanks in advance!
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Which credit union did you re-finance through? Any good credit unions you suggest? Ayudar por favor!
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They just run your credit report, and tell you what they can do for you.
Any credit union will do this. I do all of my banking with credit unions. Banks are crap. Especially BofA.
My first car loan ever, was for $14,8 thru BofA. Those jewish bastards gave me 16.5% APR!
A year later I got it refinanced thru a credit union, 8.25%.
Everybody's loans should be with a credit union. And a Federal NCIC insured credit union at that. Western Federal Credit Union is a good one I use here in So Cal www.western.org
Any credit union will do this. I do all of my banking with credit unions. Banks are crap. Especially BofA.
My first car loan ever, was for $14,8 thru BofA. Those jewish bastards gave me 16.5% APR!
A year later I got it refinanced thru a credit union, 8.25%.
Everybody's loans should be with a credit union. And a Federal NCIC insured credit union at that. Western Federal Credit Union is a good one I use here in So Cal www.western.org
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Credit unions are a great alternative to conventional banks. They're often member owned (meaning that you as the customer have a stake in the bank via savings account or "shares accounts" as they call them) --because of this ,you reap the benefits of (typcially) lower interest rates for loans, and higher rates for savings/cd's etc...
It really depends on your credit history --that ultimately dictates what kind of APR you'll get stuck with.
Just remember, DO NOT ..repeat, DO NOT EVER use those online loan sites or use those 1 stop loan people.
What happens is this:
1 you request for the loan,
2. they submit your application to a whole bunch of financial institution
3. EACH TIME your application is submitted and ran, it damages your credit rating! @.@ (in other words.. EVERY bank/loan company they send it to)
It's considered a "hard check" and too many of these will definitely lower your rating.
It is best to shop around first (look at websites, fliers, etc..) to get an idea of what the base APR's are and then work from there...submit one or two applications and see what you get.
I personally use San Mateo Credit Union
(SMCU.org) and have my savings, checking and have used and received lower interest rate loans for both personal and auto loans.
It really depends on your credit history --that ultimately dictates what kind of APR you'll get stuck with.
Just remember, DO NOT ..repeat, DO NOT EVER use those online loan sites or use those 1 stop loan people.
What happens is this:
1 you request for the loan,
2. they submit your application to a whole bunch of financial institution
3. EACH TIME your application is submitted and ran, it damages your credit rating! @.@ (in other words.. EVERY bank/loan company they send it to)
It's considered a "hard check" and too many of these will definitely lower your rating.
It is best to shop around first (look at websites, fliers, etc..) to get an idea of what the base APR's are and then work from there...submit one or two applications and see what you get.
I personally use San Mateo Credit Union
(SMCU.org) and have my savings, checking and have used and received lower interest rate loans for both personal and auto loans.