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Jessica
Lv 5
Jessica asked in Business & FinancePersonal Finance · 1 decade ago

My auto loan is from a local lender that is not FDIC insured so when I tried to refinance with another?

institution I wasnt able to . What are my options for refinancing?

Update:

I have an auto loan with a local finance company. I tried to refinance with Capital one and I was told that because the finance company was not FDIC insured that they could not refinance my loan.

Update 2:

The lady at Capital One didnt say anything else other than the FDIC thing. After the 2 comments that have been posted as replies Im confused now as to why she said that

11 Answers

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  • Nifty Bill
    Lv 7
    1 decade ago
    Favorite Answer

    Call again and talk to a supervisor. Write down what they say. But I think you MAY have got the wrong information. Also, an easier place to get a loan probably is a local credit union.

  • ?
    5 years ago

    1

    Source(s): Bad Credit Auto Loans - http://carloan.trustdd.com/?qYZS
  • Anonymous
    7 years ago

    This site can solve your problem very fast: http://www.credit-compare.net/

    RE:My auto loan is from a local lender that is not FDIC insured so when I tried to refinance with another?

  • Anonymous
    1 decade ago

    FDIC insurance is for bank DEPOSITS - not loans. What are you trying to say? That you have a loan from a private lender instead of a bank? How does that prevent you from refinancing it?

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  • Anonymous
    7 years ago

    This site can solve your problem very fast: CREDIT-COMPARE.NET

  • Judy
    Lv 7
    1 decade ago

    FDIC insurance is for money you have in a bank account, and shouldn't affect your loan.

  • Anonymous
    1 decade ago

    With the way that auto loans seem hard to obtain in this econonmy. The websites places are good and I have heard the are a nicer experience.

    I suggest http://auto.deal4-you.com/

  • ?
    1 decade ago

    On it sites are good top links for decisions of your problem http://topfinusa3.notlong.com/8AA2s4I

  • ?
    1 decade ago

    it depends on the terms n conditions u must visit http://onlinebizus.blogspot.com/ for more information

    Source(s): http://onlinebizus.blogspot.com/
  • Anonymous
    7 years ago

    I am sure you will find this site very useful: http://www.immediateloan.net/

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