You are a victim of a high interest rate on auto loans and if so, you can be reached via e-mail discussion aid. To learn more:
Dear LoanResources.Net:
I was impressed very satisfied with your article entitled "8-point checklist, evaluating lenders online."
I have tried several sources to refinance my car. I only pay for 2 years at $ 245.04 per month. I have to 4,414.00 on a loan car.
This may not seem so much money, but I want a lowerInterest rate on loans, that my car is now $ 16.4% APR.
I want to pay even 24 months, but at a lower interest rate, so I saved the money used to pay other bills.
In my Internet searches, the auto refinance loans required that you borrow more money than I need. I tried to search for unsecured personal loans on your site and have also requested that borrow more money.
I must admit that a very good credit and I work received some of my billsis worth it.
Is there anything you suggest for me to lower auto loan can get for under $ 5000? All help is appreciated.
Thank you. Geraldine W.
Dear Geraldine:
Unfortunately I have here before you. I will be one weeks holiday a few 'with the family ... Thanks for the compliment on the article!
Anyway, I got your e-mail and I really have a suggestion or two that are happy to share.
A couple of thingsInitial
1 First, you will pay a very high rate in April to 16.4% for a car loan, I assume that is correct on your statement as to good credit. If this is true, then you really need to solve this problem.
2 and you just $ 5,000, with the intention that you pay in 2 years or less, I do not think that you should refinance to refinance a car loan or on your house search. In fact, the bank is going to want to loan for youmuch more money, usually at least $ 25,000. While not an offer or refinance home equity loan tax benefits, we're only talking about interest on $ 5000 over 2 years. I have another idea that does not even considered.
You think?
You have just about the balance of the car loan on a credit card that has a lower interest rate?
1 credit are, in fact, unsecured lines of credit with the financialInstitutions.
2 They are the ideal vehicle for the transfer of $ 5000 debt financing, including greater flexibility, and you should be able to interest rates between 9 to 11%, and better, on average.
3. Moreover, after the approval, the bank will usually blank checks for balance transfers (sometimes just do it for you right over the phone )...,
4. And guess what? Most of the time, the incentive rates for budget transfersare extremely low, sometimes zero percent for up to 6 months to a year.
5. This! Is possible for the cards of incentives that reward for your spending .... free air miles, cash back programs, etc. I can give the Blue American Express is used, and have up to 3% cash back on everything I spent. So, for $ 5,000, 3% cash back, AMEX ™ pays me $ 150.
How do you like them apples? The bank pays you to borrow money.
Recommended Action:
So, Geraldine,Here's what I recommend:
1st Go gives back to our site and discover the credit card we have recommended. We have selected what we think are the best deals and there are a lot of them, one should, therefore, as a much needed shopping trip! Pay particular attention to our link "incentive cards". We have two pages of them.
2 apply for any card or cards to your tastes and needs. There are so many great reward cards. Limited onlyImagination.
3 Get approved receive card, and receive balance transfer checks.
4 pay-off loan to 16.4% of bank!
5th pay off credit card loan (with extremely low and incentives), in your spare time!
... And enjoy the fact that only an excellent financial move, the money saved, money earned, and gave the flexibility to manage your debt management appointments ...
Hope this helps ... Let me know how everything worksout.
We enjoyed providing this information for you, and wish you good luck in your job search. Remember to always seek good advice from those of trust, and not turn their backs on their common sense.
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