Is this a bad time to refinance your car if you just buy a house?
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Asked a man, but was refused on the ground “, a high debt ratio.” Well, that’s true, cuz we just bought a house! It makes little card debt Credit (about1k) and have a good credit (720). The debts have been raised only because of our new mortgage. Is not this a good time to refinance your car?: (
,Too many hits on your credit will effect your credit score and lower it eliminating your credit availability somewhat.
Why would you be refinancing a car loan??? If the payment is too high you have too much car. You need to sell the car and buy something that you can afford, not something new off of the lot. Preferably something you can pay cash for.