I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit

YOU ARE LUCKY YOU GOT A LOAN IN THE FIRTST PLACE .

I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit score.?

Try a credit union. Usually they are able to offer better rates than Banks. The key is to get a lower interest rate, even if it is 5% lower that will save you quite a bit.

I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit score.?

Sell the car and do the following in order of preference

1. Walk

2. Catch a train

3. Buy a cycle

4. Buy a scooter

Save enough then buy a car.

I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit score.?

If you're a member of a credit union they might be able to drop your rate down 1% or so under the average. Credit Unions DO go by your credit score as well as other lenders.

You may just want to have someone else assume your loan and get rid of your car if it is causing you that much of a hardship. Sadly it's a tough price you pay to live beyond your means.

I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit score.?

You have to improve your score. Nothing else will really help much.

Trying a credit union is a good idea but they may be unwilling to lend if your credit is that bad.

I need to refinance my auto loan. the interest rate is just kicking my butt, I have the worst credit score.?

Before refinancing your auto loan you should read the 3 tips at http://www.loan-information-center.com/A... which includes ideas for increasing your credit score and getting the best interest rate possible.