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Can anyone recommend me a company that will REFINANCE an auto loan without regard to credit score?
Basically what i need is a company that guarantees an auto refi to people with low credit or bad credit i don't care if they give a high intrest rate or anything, i just need to get this cosigned car out of my name. my mom got me to cosign her a car when i was 18, and being young and dumb, i had no idea how serious that was. any company you could recommend for her 550 credit score, without my 750 credit to boost her chances?it needs to be just her.
2 Answers
- Anonymous4 years ago
Pay off mom's loan and then collect the payments directly from her. You're responsible for the loan anyways so if you want to disappear it, pay it off.
Really? At 18 when you just got your very first job you qualified to be a cosigner on a car loan for someone with a 550 credit score? I call bull crap.
Even if she had good credit, a refinance may not be possible. You told us nothing about the age of the car, it's value and the amount outstanding on the loan. If there's no equity in the car, there will be no refinance even if her credit score is 850.